Bed Bath Beyond closing stores, We don’t know yet (Details).
Bed Bath & Beyond announced this week they will close 40 stores across the nation and Greater Cincinnati could be on the list.
Locally there are seven Greater Cincinnati Bed Bath & Beyond locations: Crestview Hills, Rookwood Commons, Stone Creek Towne Center, Western Hills Plaza, Eastgate, Deerfield Towne Center and Bridgewater Falls in Hamilton.
So far, the company has not announced which stores will be closing.
It also plans to open 15 new stores, those locations have also not been announced.
The New Jersey-based home goods retailer, which also operates Buy Buy Baby, Harmon Face Values and World Market, announced mixed results during its fourth-quarter call with financial analysts this week, USA TODAY reported.
“We expect to open approximately 15 new stores in fiscal 2019. This will be offset by a minimum of approximately 40 stores we expect to close,” Robyn D’Elia, chief financial officer and treasurer, said during Wednesday’s earnings call. “This number will grow unless we are able to negotiate more favorable lease terms with our landlords.”
The retail landscape continues to chance.
J.C. Penney Inc. is expected to close 18 department stores across the country in 2019 and nine home-and-furniture locations, luckily none of those will be in the Greater Cincinnati area. In 2017 the retailer closed more than 130 department stores.
Discount shoe store Payless ShoeSource announced the closure of all 2,100 of its stores in the U.S. This impacted about a dozen stores locally.
Last fall, Sears Holdings closed 46 more Sears and Kmart department stores. Casualties included Sears stores in Florence and Colerain Township.