The company originally planned to close 60 locations, including 40 Bed Bath & Beyond stores, in fiscal 2019.
Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016.said Wednesday that it would delay closing 20 of its namesake stores.
Twenty of those Bed Bath & Beyond closures will be delayed until after the first half of fiscal 2020 in order to sell more of their merchandise. Bed Bath & Beyond, which also owns Buy Buy Baby and Christmas Tree Shops, has roughly 1,500 locations in total.Bed Bath & Beyond on Wednesday, falling short of earnings estimates. The company also withdrew its fiscal 2019 outlook and said that it would reveal its strategic plan in early 2020. Shares of the company fell 8% in extended trading.Related Tags
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