Bed Bath & Beyond Plans to Have 50% of Its Store Base Open by Mid-June
Bed Bath & Beyond (NASDAQ: BBBY) is getting ready to welcome guests back to its stores. On Friday, the specialty retailer announced its plans for reopening in the coming weeks after most of its locations closed due to the COVID-19 pandemic.
The chain expects to open 500 of its trademark locations between now and June 13, which would put the company at half capacity. Executives said the timetable reflects caution around maintaining safety while the coronavirus threat remains. "We continue to respond to the COVID-19 situation with measured, purposeful steps to help keep our people safe and our customers served," CEO Mark Tritton said in a press release.
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Source Fool.com
