Bed Bath & Beyond cuts 880 store jobs

|About: Bed Bath & Beyond Inc. (BBBY)|By:, SA News Editor

Bed Bath & Beyond (NASDAQ:BBBY) announces a plan to accelerate the realignment of its store management structure to support its omnichannel growth.

The actions include the reduction of about 880 department and assistant store manager positions in a limited management realignment.

"With the evolution in retail, we continue to strengthen our digital infrastructure and invest heavily in areas such as analytics, information technology, pricing, e-commerce, marketing, supply chain, and our contact centers," notes CEO Steven Temares.

Source: Press Release

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