NPR

Bed Bath & Beyond will close 150 stores and slash 20% of its workforce to cut costs

The home goods giant struggled to overhaul its supply chain and convince customers to buy its new, private label merchandise that replaced popular national brands.
Though Bed Bath & Beyond got a boost early in the pandemic when many people were spending more time at home, the gains didn't last, and earnings have continued to drop.

Bed Bath & Beyond is cleaning house.

The retail giant, known for its ubiquitous coupons, announced job cuts and store closures in an effort to reduce costs as it continues to struggle with weak sales and a recent senior leadership

You’re reading a preview, subscribe to read more.

More from NPR

NPR1 min read
The Sunday Story: Roy Wood Jr. on the Road to Rickwood
What does a comedian know about baseball? And what can America's oldest baseball field tell us about the civil rights movement?Rickwood Field in Birmingham, Alabama is America's oldest ballpark. It's older than Wrigley Field and Fenway park. But its
NPR2 min read
Iranian President Ebrahim Raisi, A Hard-liner Who Crushed Dissent, Dies At 63
Iran's ultraconservative president, killed in a helicopter crash, oversaw a crackdown on women's protests and was linked to extrajudicial killings in the 1980s.
NPR3 min read
Sean Combs Apologizes For 'My Actions In That Video' That Appeared To Show An Assault
Without addressing his then-girlfriend Cassie Ventura, who is seen in the video being kicked and dragged in 2016, the hip-hop mogul says, "I was disgusted then when I did it. I'm disgusted now."

Related Books & Audiobooks