Omnichannel retailer Bed Bath & Beyond has revealed the list of its first 63 stores set to close by the end of this year as part of a restructuring, reported by USA Today.
It comes more than two months after the retailer revealed plans to close 200 of its namesake stores over the next two years.
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The company is working on right-sizing its real estate portfolio under the ongoing restructuring programme.
Under the initial closures, stores in 29 states will close with most locations in California and New York, USA Today reported.
The publication quoted Bed Bath & Beyond spokeswoman Jessica Joyce as saying: “As we rebuild our authority and establish a truly omni-always shopping experience for our customers, we recently announced a store optimisation plan that will see us establish the right network of stores to serve our customers.
“This is an important step in our multi-year programme to create a sustainable, durable business and invest where it matters most to our digital-first customers and our people.”
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By GlobalDataIn October last year, the retailer planned to close 60 stores in the fiscal year across the company. Bed Bath & Beyond also operates buybuy Baby, Harmon Face Values and World Market.
Last month, Bed Bath & Beyond reduced its workforce from corporate headquarters and retail banner stores by approximately 2,800 as part of major organisational structure realignment.
