This beloved retail chain could close a store near you
There will be 60 closing stores by the end of the year, with 200 thrusts over the next two years.
The economy has taken a blow during the coronavirus pandemic, with a staggering number of Americans outside work and centuries storesshut down for real. And hits continue to come, with more and more retail giants announcing that they will have to donate for bankruptcy or significantly reduce their workforce. On September 21, Bed Bath & Beyond listed the first 63 stores they will end, with many others to follow in the midst of Shutter 200 stores.
In July, Bed Bath & Beyond - a popular retail chain with nearly 1,000 stores across the United States announced that they would beClosing 200 stores Over the next two years, byUnited States today. These closures will save the company between $ 250 and $ 350 million a year, President and Chief Executive Officer.Mark Tritton Said at the time, with a goal of recovering and surviving the difficulties frequented by the pandemic.
In a statement of July 8, Tritton explained: "TheImpact of the CVIV-19 situation has been felt in our company in our first fiscal quarter, including the loss of sales due to the temporary closure of the stores and the substantial channel change margin pressure ... Our actions aimed at strengthening our situation Financial and our liquidity improve our flexibility and ability to invest and rebuild our business for long-term success. "
Now, closures become a reality. September 21, Bed Bath & Beyond announced the first 63 stores that will beshut down At the end of 2020, according to CNN. This follows the news that the company will also eliminate 2,800 jobs.
CNN has a complete list of stores that close impend, although the company sticks to their original plan, there will be about 140 more more in the future. Bed bath and beyond the country will disappear, including several shops in California, Colorado, Illinois, Florida, Texas and New York.
Of course, Bed Bath & Beyond is only the latest emblematic retailer at closing stores in the middle of the Pandemic of Covid. To watch the other channels that have been forced to close, read. And for more economic effects of coronavirus,60% of these closed companies will never reopen, writes a new report.
1 Pier 1
One of the first victims of pandemic business, pier 1deposited for bankruptcy May 19 and closed all its stores, citing the "stimulating retail environment" of COVID-19. And if you are looking to save money, discoverThe best way to save money during its online purchases, according to experts
2 On the table
After exceeding Chapter 11 Protection against bankruptcy in July and announcing the closure of 51 stores, Home Boods Store on the table said they would beClose 17 additional stores In an ad September 11 reported byUnited States today. There are now only 55 remaining stores.
3 Stein Mart
September 14, Stein Mart-A 112-year-old rebate store - said it would beClose 280 stores, following a chapter 11 of the bankruptcy deposit in August. And for more department stores we lost, check these17 beloved department stores that are now dead.
4 21st century
Another department store that could not survive Covid, Century 21 announced a "wind of its retail activities" on September 10, saying that there would beSales of commercial outflows at his 13 stores.
5 Lord & Taylor
Even the country's department store could not withstand the coronavirus storm. On August 27, Lord & Taylor stated that he filing the bankruptcy of Chapter 11 andClose all stores.
6 Neiman Marcus
"Faced with an unprecedented disruption caused by the Pandemic of Covid-19," Neiman Marcus was the first department store atfile the balance sheet In the middle of Coronavirus in May, by NPR. So far, however, the channel hasClosed 22 pitchesWhich means you could always be able to find a Neiman Marcus open in your area. And if you want to stay safe when shopping, make sure you know you knowThe worst thing n ° 1 that you can do during your purchases right now.
7 Northern
Another department store, another closure of Covid. But while Nordstrom announced in May that it would beThe closure of 19 of its 116 stores , all Nordstrom rack locations will remain open, business insider reports.
8 Forever
Forever 21 was already in saying Straits when coronavirus struck: the business initiate reported the Closing hundreds of locations In September 2019. And for more information up to date, Sign up for our daily newsletter .
