Bed Bath & Beyond’s Lone Tree location will be shuttered by February, according to a store employee. (Photos courtesy of Bed Bath & Beyond)
Bed Bath & Beyond is closing the curtains on its Lone Tree location.
The New Jersey-based home goods retailer will shutter the location at 8467 S. Yosemite St. near Park Meadows mall by February, according to a store employee.
The employee told BusinessDen the decision was a direct result of the pandemic. Bed Bath & Beyond corporate did not respond to a request for comment.
Bed Bath and Beyond, which also operates Buy Buy Baby, Harmon Face Values and World Market, announced in July that it would be closing 200 of its stores within two years. In September, the company released a list of 63 stores slated to close by the end of 2020.
That list included a World Market location in Aurora’s Southlands and a Bed Bath & Beyond in Greeley.
Bed Bath & Beyond expects big savings by closing around 200 stores over the next two years.
CEO Mark Tritton told USA Today that closing 200 locations would save the company between $250 million and $350 million annually after one-time costs.
Tritton said the pandemic was “felt across our business during our fiscal first quarter, including loss of sales due to temporary store closures,” according to the article.
Bed Bath & Beyond’s Lone Tree location will be shuttered by February, according to a store employee. (Photos courtesy of Bed Bath & Beyond)
Bed Bath & Beyond is closing the curtains on its Lone Tree location.
The New Jersey-based home goods retailer will shutter the location at 8467 S. Yosemite St. near Park Meadows mall by February, according to a store employee.
The employee told BusinessDen the decision was a direct result of the pandemic. Bed Bath & Beyond corporate did not respond to a request for comment.
Bed Bath and Beyond, which also operates Buy Buy Baby, Harmon Face Values and World Market, announced in July that it would be closing 200 of its stores within two years. In September, the company released a list of 63 stores slated to close by the end of 2020.
That list included a World Market location in Aurora’s Southlands and a Bed Bath & Beyond in Greeley.
Bed Bath & Beyond expects big savings by closing around 200 stores over the next two years.
CEO Mark Tritton told USA Today that closing 200 locations would save the company between $250 million and $350 million annually after one-time costs.
Tritton said the pandemic was “felt across our business during our fiscal first quarter, including loss of sales due to temporary store closures,” according to the article.
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