ALBUQUERQUE IS LOSING ONE OF OF ITS FOUR BED BATH AND BEYOND STORES. THE NEW JERSEY BASED RETAILER IS CLOSING THE STORE ON HOLLY AVENUE, ALONG PASEO DEL NORTE. A STORE MANAGER TOLD THE ALBUQUERQUE JOURNAL THAT THE CLOSING IS EXPECTED IN LATE FEBRUARY.
BED BATH AND BEYOND IS ONE OF MANY MAJOR NAME STORES STRUGGLING BECAUSE OF THE CHANGE IN HOW CONSUMERS SHOP: MOSTLY ONLINE. LAST SUMMER THE COMPANY’S C-E-O REPORTEDLY TOLD ANALYSTS THAT THEY’LL CONSIDER CLOSING 80 TO 100 STORES IN THE NEXT FEW YEARS … PRIMARILY AS LEASES EXPIRE.
A SIGN AT THE STORE ON HOLLY SAYS A CLEARANCE EVENT IS UNDERWAY AND RECOMMENDS SHOPPERS VISIT THE THREE OTHER AREA STORES … ON SAN MATEO, AT COTTONWOOD COMMONS, AND IN RIO RANCHO.
