"The high-demand products will be more likely to be delivered to the locations that will remain operating," Katz said. Morningstar analyst Jaime Katz said the company likely will move products from the shuttered locations to other stores, although shoppers could see certain products get marked down inside stores set to close. It's unclear how quickly Bed Bath & Beyond will shutter those stores or what the closures mean for inventory. 870 South White Station Road in Memphis.Other Tennessee stores on the closing list: The other Knoxville area shop at 11263 Parkside Drive in the Turkey Creek shopping center will remain open.
In Knoxville, the Bed Bath & Beyond location at the Centre at Deane Hill, 224 Morrell Road, will close. operations to 360 Bed Bath & Beyond locations and 120 buybuy Baby stores. The company so far has raised about $225 million and expects to sell an additional $800 million worth of shares over time.īed Bath & Beyond on Tuesday said it would continue to focus on turnaround plans by “optimizing its store footprint, investing in inventory, and pursuing infrastructure improvements.”Īfter operating more than 950 stores globally this time last year, the company aims to pare down U.S. The retail chain this week said it plans to close an additional 150 stores and raise more than $1 billion in funding through a public stock offering. Watch Video: Bed Bath & Beyond stock plunges after management issues dire warningīed Bath & Beyond announced it plans to close another 150 stores around the country, and a Knoxville store is on the list.
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