63 Bed, Bath & Beyond stores set to close, including Lincoln’s
LINCOLN, Neb. (CNN) — Around the country, people who work for Bed, Bath, & Beyond will lose their jobs by the end of the year.
So far, 63 stores are set to close as a part of restructuring because of the COVID-19 pandemic.
Last July, the company said it expects to close about 200 stores over the next two years. While in August, they announced that 2,800 jobs would be eliminated to try and tighten up finances.
In a press release sent out Aug. 25, Bed Bath & Beyond’s President and CEO, Mark Tritton said, “Saying goodbye to colleagues and friends is incredibly difficult, but this component of our comprehensive restructuring program is critical to rebuild the foundation of our business, construct a modern, balanced and durable business model, and meet the structural shift in customer shopping and service preferences that we have seen accelerate as a result of COVID-19. Today’s action forms part of a series of changes we are making to reduce the cost of our business, further simplify our operations and support our teams so we can emerge from the pandemic in an even stronger position.”