Quincy store not on first list of stores Bed Bath & Beyond plans to close
QUINCY — A list of 56 stores that Bed Bath & Beyond plans to close does not include the Quincy store at 5110 Broadway.
As the home goods chain continues to face financial uncertainty, Bed Bath & Beyond announced plans in August to close 150 namesake stores and cut its workforce by about 20 percent. Director and interim CEO Sue Grove called it a “back to basics” philosophy aimed at allowing the company to focus on better serving customers and driving growth.
At the time, the company estimated the cuts would save $250 million in its current fiscal year. Bed Bath & Beyond Inc. announced Thursday that it will hold a conference call to discuss its fiscal 2022 second quarter financial results on Sept. 29.
As of May, Bed Bath & Beyond operated 955 stores — 769 namesake stores, 135 buybuy Baby stores, and 51 stores under the names of Harmon, Harmon Face Values or Face Values.
Six stores in Illinois — Bourbonnais, Carbondale, Fairview Heights, Gurnee, Joliet and Schaumburg — along with Waterloo, Iowa, and Dubuque, Iowa, were on the list of 56. No stores to be closed were from Missouri.
Days after the decision to close the stores was made public, Bed Bath & Beyond CFO Gustavo Arnel fell from a downtown Manhattan skyscraper and was pronounced dead at the scene.
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