America’s Bed Bath & Beyond shuts 56 stores

Bed Bath & Beyond Inc., which deals in domestic merchandise and operates in the United States, Canada, Mexico, and Puerto Rico, is shutting down 56 of its stores.

Consumertrics gathered that the company, listed among Fortune 500 and Forbes Global 2000, is taking the decision as a way of implementing a broader restructuring to stabilize its struggling business.

The targeted stores are spread across the country, and include locations at malls and shopping centers in Stamford, Conn., Paramus, N.J., Sunrise, Fla., Gurnee, Ill., Schaumburg, Ill. and Farmington Hills, Mich. and Palmdale, Calif.

The company, in a statement, said, “All currently planned store closings have been announced, and we will continue to review our portfolio where it makes sense to profitably support our customers and business.”