It will also reduce its capital spending plan for fiscal 2022 to a forecasted $250 million in planned capital expenditures, down from $400 million that was previously disclosed, the release said. 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."īed Bath & Beyond will also reduce selling, general and administrative expenses by approximately $250 million in fiscal 2022, the release said. Additionally, we are focused on driving digital and foot traffic, as well as optimizing our store fleet. "This includes changing our merchandising and inventory strategy, which will be rooted in national brands. 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," Gove said in the release. "We are working swiftly and diligently to strengthen our liquidity and secure our path for the future. According to the list, the location in Harrisonburg will remain open, as well as the Charlottesville location. Now, only one is slated to close in Virginia - a location in Vienna, according to. In July 2020, officials said 200 of its stores were expected to close over the next two years, accounting for approximately 21% of its Bed Bath & Beyond stores. At that time Waynesboro was one of four Virginia stores and one of 43 in the country set to close. The Waynesboro location was already on the chopping block several years ago.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |