New York (CNN Business) Bed Bath & Beyond revealed the locations of 37 of the approximately 200 stores it plans close in the coming weeks. The plans, which were announced two years ago, are part of Bed Bath & Beyond's multi-year transformation that includes creating new, private labels, remodeling stores and focusing on e-commerce under CEO Mark Tritton. Bed Bath & Beyond BBBY Target TGT Amazon AMZN is in the midst of remodeling 450 stores, representing about half of its locations, at a cost of $250 million. The company has been hit with falling sales and declining foot traffic in recent years as shoppers defect to competitors, such asand, which carry much of the same household basics that Bed Bath & Beyond sells. Target TGT Tritton joined Bed Bath & Beyond fromthree years ago and has led the company through a turnaround over the past few years as housebound shoppers increased their spending on kitchen and home essentials.

Source: CNN January 07, 2022 06:52 UTC