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Mark Tritton

Business
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said.  "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…

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by Joe Lombardi
Business
COVID-19: Bed, Bath & Beyond Closes Palisades Center Store COVID-19: Bed, Bath & Beyond Closes Palisades Center Store
Covid-19: Bed, Bath & Beyond Closes Palisades Center Store The Bed Bath & Beyond at the Palisades Center Mall has shuttered its doors as its parent company restructures its businesses due to the novel coronavirus (COVID-19) pandemic. The West Nyack location is among approximately 200 locations that are set to close in the next two years, marking approximately 21 percent of its stores across the country. According to the company, it saw its net sales decrease by 49 percent in the first fiscal quarter due to the shutdown caused by the pandemic, though digital sales grew 82 percent in that time. “The impact of the COVID-19 situation was felt…

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by Zak Failla