Bed, Bath & Beyond lays off nearly 150 of its 65,000 employees

div > div.group > p:first-child"> The retailer, which has had seven consecutive quarters of declining same-store sales, has slowed down the pace of newer store openings and said it is evaluating existing leases. Meantime, it is investing in its online capabilities to help fend off stronger e-commerce rivals like Amazon.

A round of layoffs also hit the company's Christmas Tree Shops Bed, Bath acquired the discount home goods and decor chain in 2003. Fewer than a 100 of its department and store managers were let go, the person said. This week's layoffs at Bed, Bath were planned prior to the investors' letter and are part of its ongoing turnaround, the person said.

What a catastrophic blow to the American economy.

Only 150? Why is that news?

Why is this a story? Do the math.

Places that sell clothing, shoes, basically anything you wear or really expensive items will be the few in person shopping stores around after this next decade.

Companies hire and fire this many people all the time. Why is this news or does the media have too much time on their times. Maybe next week they can report that 1 person has been hired.

The 150 doesn’t seem like many, but guessing it is 10-12% of their Full Time employees. (?)

Really? They must be closing.

Should be board & top executives cue Activists por favor

Ummm- Christmas season is over !!

Ooh, ooh! I’ve got a scoop!

In Other News.... Jimmy Cooked A Digiorno Pizza In The Oven..

That's Not Alot....

2% for those who can't do math

You know the economy is doing well when 150 people losing their job makes headlines. winning.

Must be a slow day on wall street...

Slow news day?

When I saw Breaking News I figured it was like 5,000. 150? Come on, man.

Sorry but how is this even a story?

Will they give them 25% off coupons as their severance?

150? Of 65,000? Seriously? That gets breaking news coverage?

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