Good Lifestyle

Decorate a house Or the apartment is a major company, but once you have completed this, there are always the small dimensions and the ends that must be replaced. The online command is a great option when you need to save time, but there are household items that you like to see and test in person, whether it is a vacuum cleaner or one of these fryers Air coveted. Unfortunately, your options could soon be more limited, because a beloved house store has just announced that it closed around 150 locations, and the closures have already started. Read more to find out which large retailer closes the stores.

Read this then:This popular clothing chain closes stores, from this week.

Many emblematic and highly appreciated brands have chosen to close brick and mortar locations this year, citing everything, from crime to customer purchasing habits to sub-performance.

CVS wasQuick closing locations, having announced plans for a "New retail strategy Aligned on the evolution of consumer needs "in November 2021. This new strategy meant the closure of around 900 CVS stores in three years, or on 300 stores per year. From December 2021 at the beginning of 2022, Rite AID also had plans planned toClose, but in April 2022, the plans were modified to include an additional 82 "Non -profitable stores. ""

Walmart made waves this year when he said he would do itFive shutter "Subperformant" stores across the country, based on historical and current financial performance. And in April, Kmart confirmed that a recent closure left the chain with onlyThree surviving stores In New York, New Jersey and Florida.

Now another large chain closes the shop, leaving its loyal customers at a loss.

If you fill up on "20% reduction" coupons and beyond coupons, you may want to use them as soon as possible. In a press release on August 31, the retailerAnnounced plans To close 150 "lower bed bathtub and beyond banner stores" - and closings are already in motion.

As of May 28, 2022, theThe company reported It had a total of 955 stores in operation, which means that the most recent series of closures represents around 16% of its total number of stores. As part of the “cost structure initiative” and cost optimization, the detailed will also dismiss approximately 20% of its business and supply chain workforce.AE0FCC31AE342FD3A1346EBB1F342FCB

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These are not the first closures for Bed Bath & Beyond. In 2020, the company announced its intention to close 200 underperforming stores in two years and, in January, the retailer published aList of 37 stores It would be the closure by the end of February, CNBC reported.

Even with the smallest number of stores, the retailer continued to fight and CNN reported that the last series of closings and layoffs is an attempt by Bed Bath & Beyond "save. ""

During the second quarter of the financial year, the company declared a 26% drop in sales compared to the same quarter of last year, according to the press release. In June, Bed Bath & Beyond also declared $ 358 million in net losses during the first quarter of fiscal year - an amazing increase compared to total losses of $ 51 million recorded in the first quarter of 2021.

In particular, in the latest press release, Bed Bath & Beyond said that it had "guaranteed funding commitments for more than $ 500 million", which CNN added could help eliminate some of these financial problems.

In the press release, Bed Bath & Beyond said that he had "identified" the stores that will be closed, but did not include details on the place and when the closures would take place. The retailer announced, however, that the remaining stores will present new goods (and probably more familiar).

According to CNN, former CEOMark Trittonwas ousted by the board of directors in June, after unsuccessful efforts to extend the internal brands of the chain. From spring 2021, Bed Bath & Beyond launched nine brands of private label, but buyers did not recognize the brands, leaving them "disoriented" while they were looking for national marks, reported CNBC.

In the press release, interim CEOSue Gove said the retailer would move away from this approach and rather return to the storage of national brands "to direct customer preference". He will also introduce direct brands to consumers and interrupt a third of his private brands, namely Haven, Wild Sage and Studio 3B.

All efforts are aimed at "increasing customer engagement, generating traffic and recaping market share," Gove said in the press release.Mara Sirhal, the new president of the Bed Bath & Beyond brand has echoed this, adding that the company counts on the customer's assessment for the brand.

"There is still an incredible degree of love for Bed Bath & Beyond," said Sirhal during a call on August 31 with investors, by CNBC. "We have to come back to our legitimate place as a home category destination, and our goal is to achieve this by leading with the product and brands that our customers want."