Bed Bath & Beyond reveals the first group of stores getting the axe as it sheds 150 units

Union, N.J. – The list of Bed Bath & Beyond stores that have begun closing crosses nearly 2 dozen states and includes a one-time must-see location near its headquarters.

As part of its financial restricting, the company has begun the process of shuttering 150 store locations, cutting 20% of staff across corporate and supply chain offices and slashing this year’s capital expenditures, in large part by hitting the pause button on new store openings and remodels.

Locations on the newly revealed list of Bed Bath & Beyond stores slated to close first include its store on E. Ridgewood Avenue in Paramus, N.J. – once the incubator for the company’s latest ideas. For many years, no trip to company headquarters in Union would be complete with making the 30-minute drive to the store, which was situated along a retail-saturated corridor near the Paramus Mall.

In all, the first round of closings includes 56 stores across 21 state and Puerto Rico. States losing the largest number of stores include California (8), Illinois (6) and New York (5).

Bed Bath & Beyond will provide its next update on its transformation progress when it reports Q2 results on Sept. 29.

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