After mixed results in the fourth quarter, Bed Bath & Beyond will open new stores and close more.
Bed Bath and Beyond, the home-grown department store, plans to close at least 40 stores this year.
It is unclear if any of the nine establishments of the company located in Iowa will be among those who close their doors. Bed Bath and Beyond has not released a list of places that it plans to close.
Contacted by the Monks' Registry on Friday, Clive and West Des Moines store managers said they could not comment on the announcement. A spokesperson for the Bed Bath and Beyond group did not immediately answer a call.
Bed Bath and Beyond operates 1,024 stores in North America, including Cedar Rapids, Coralville, Council Bluffs, Davenport, Dubuque, Sioux City and Waterloo.
Bath & Beyond bed in Totowa. (Photo: AMY NEWMAN file photo / northjersey.com)
At a phone call this week with financial analysts, Rob Bath's Ella, CFO and treasurer of Bed Bath and Beyond, said the company would close "at least" 40 stores, USA Today reported. Dr. Ella also announced that the company was planning to open another 15 stores over the next year.
Based in New Jersey, the company also runs the Buy Buy Baby, Harmon Face Values and World Market programs.
USA Today also reported that 2019 would likely be another difficult year for physical stores. According to research firm Coresight Research, more than 6,500 stores will close this year.
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