Select stores are expected to be closed by March. Bed Bath & Beyond in Lake Worth has already closed.
The retailer’s two other big states by store count, California and Florida, were hit harder.Bed Bath & Beyond has 58 stores in Texas, including 16 in Dallas-Fort Worth.and new household formations may be keeping more of the retailer’s stores open for now, but its problems are bigger than anything happening in the economy.
The retailer struggled even through a housing boom and the pandemic-led spike in sales of home goods. Former CEO Mark Tritton led a failed turnaround strategy and was removed in June and replaced by board member Sue Gove. , where he was chief merchandising officer, to revive the brand and expand online sales. Triton favored new private label brands to national brands, and he remodeled stores. But shoppers didn’t follow, and sales plummeted.
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