5 Bed Bath & Beyond locations in Massachusetts added to list of closures
North Dartmouth – Bed Bath & Beyond Inc. has announced 5 more store closures in Massachusetts.
In September Sue Gove, Director & Interim Chief Executive Officer commented, “We are embracing a straight-forward, back-to-basics philosophy that focuses on better serving our customers, driving growth, and delivering business returns. In a short period of time, we have made significant changes and instituted enablers across our entire enterprise to regain our dominance as a preferred shopping destination for our customers’ favorite brands and exciting products. We command a special presence in the Home and Baby markets, and we intend to fulfill our opportunity to be the category retailer of choice.”
Ms. Gove continued, “We are working swiftly and diligently to strengthen our liquidity and secure our path for the future. We have taken a thorough look at our business, and today, we are announcing immediate actions aimed to increase customer engagement, drive traffic, and recapture market share. This includes changing our merchandising and inventory strategy, which will be rooted in National Brands. Additionally, we are focused on driving digital and foot traffic, as well as optimizing our store fleet. We believe these changes will have a widespread positive impact across customer experience, inventory assortment, supply chain execution and cost structure. The customer underpins our decisions, and we are committed to delivering what they want while driving growth, profitability, and financial returns.”
Last week, Bed Bath & Beyond stated they could not pay their debts.
Burlington, Dedham, North Dartmouth, Raynham and Pittsfield stores were added to the list of store closures on Monday.
Last year, BBB had identified and begun the closure of approximately 150 lower-producing Bed Bath & Beyond banner stores which included locations in Seekonk, Milford, and Dorchester.