the staff of the Ridgewood blog
Paramus NJ, Bed Bath & Beyond is cutting around 500 jobs, as other retailers across New Jersey, including Macy’s, Kmart and Pier 1 Imports, are expected to continue to close locations.
In a statement, Bed Bath & Beyond said cuts come to “enhance the customer experience, drive sales and position the company for long-term success.”
Bed Bath & Beyond announced last month that locations in Newton and Sewell would be among 40 stores closing this year.
Their departures could lead to over 1,200 more expected retail layoffs in what business analysts are calling the ‘retail apocalypse.’
Other stores expected to close include Modell’s Sporting Goods, which is set to close three stores, Pier 1 Imports, which is expected to close 13 stores in New Jersey, Walgreens, which is closing three locations around the state this week, and Sears and Kmart, which are both closing five locations.
With about 100% of their stock available for cheaper (even with those coupons) on Amazon, this was inevitable. The only thing that kept them alive these last few years was women shoppers, who generally came late to the online shopping trend, but are now fully on board.
If they only built a GINORMOUS GARAGE, they would be saved…