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Bed Bath and Beyond closing 150 stores, laying off 20% of their workforce
Posted on 9/17/22 at 7:35 am
Posted on 9/17/22 at 7:35 am
quote:
Under the plan, the home goods retailer said it would close a total of 150 "lower-producing" stores. The company said it would also cut 20% of its workforce across corporate and supply chain, discontinue three of its nine Owned Brand labels, reduce the inventory of its remaining Owned Brands and bring back national brands including Calphalon, Ugg, Cuisinart, Dyson and Oxo.
LINK
The only Louisiana store listed so far is Bossier City.
A couple of years ago, Bed Bath and Beyond made headlines by banning MyPillow products from their shelves for political reasons.
19
Posted on 9/17/22 at 7:38 am to member12
good thing we redefined the word ‘recession’, because this seems sort of recession-y
This post was edited on 9/17/22 at 7:53 am
Posted on 9/17/22 at 7:41 am to member12
They really love that 20% off number.
Posted on 9/17/22 at 7:41 am to member12
But it’s not a recession until the special people decide it, even though it meets the textbook definition of recession.
So the Fed continues aggressive rate hikes.
So the Fed continues aggressive rate hikes.
Posted on 9/17/22 at 7:41 am to LSUminati
quote:
They really love that 20% off number
Well done.
Posted on 9/17/22 at 7:46 am to member12
I'm sure the woke executives are cutting their own compensation by 20% as well...
Posted on 9/17/22 at 7:47 am to member12
We must vote for democrats to ensure this type of thing stops. 
Posted on 9/17/22 at 7:48 am to goofball
quote:
So the Fed continues aggressive rate hikes.
These are the same people that thought Zero interest rates for 15 years was good. Let me save you the suspense, whatever they decide to do will be wrong.
Posted on 9/17/22 at 7:49 am to member12
Good. frick that woke company.
Posted on 9/17/22 at 7:50 am to member12
It only becomes a recession if Govt workers get laid off.
Posted on 9/17/22 at 7:51 am to Bestbank Tiger
quote:
I'm sure the woke executives are cutting their own compensation by 20% as well...
Really throwing their salaries over the edge, actually. Tumbling all the way down to crash into the ground with the company.
Posted on 9/17/22 at 8:25 am to member12
Should have kept Lindell’s pillows.
frick dem.
frick dem.
Posted on 9/17/22 at 8:34 am to member12
They should have done it years ago, been a slow march to bankruptcy.
Posted on 9/17/22 at 8:36 am to member12
That's been a long time coming.
I like those stores. They beat the hell out of going to Dillards or Belk.
I like those stores. They beat the hell out of going to Dillards or Belk.
This post was edited on 9/17/22 at 8:37 am
Posted on 9/17/22 at 8:37 am to member12
Theyre woke as F though
Posted on 9/17/22 at 8:38 am to member12
Go woke Go….
Posted on 9/17/22 at 8:38 am to member12
Go woke.
Posted on 9/17/22 at 8:50 am to LSUminati
quote:
They really love that 20% off number.
Great comment
Posted on 9/17/22 at 8:54 am to Tempratt
quote:
That's been a long time coming.
Indeed.
The one closest to us was “closing” and then didn’t. It was weird.
Posted on 9/17/22 at 8:56 am to member12
quote:
A couple of years ago, Bed Bath and Beyond made headlines by banning MyPillow products from their shelves for political reasons.
Go woke go broke
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