Bed Bath & Beyond Inc. (NASDAQ: BBBY) will close its Chinatown location next year, a company spokesperson confirmed to the Washington Business Journal.
The Union, New Jersey-based domestic merchandise retail chain said in October that it would close 60 of its flagship stores by the end of the fiscal year, an increase from the 40 closures the company initially announced in March. Forty of the closures will be Bed Bath & Beyond stores and 20 others will be other concepts from the brand.
Popville first reported that an employee told a customer that the Gallery Place store at 707 Seventh St. NW had become a “liquidation store” and would be closing.
“We’re giving our most popular stores a multimillion-dollar facelift and continually investing in our digital platform to give customers an even better shopping experience in store at home,” spokeswoman Jessica Joyce said in an email to the Washington Business Journal. “We are also closing a limited number of stores that no longer meet the standards…Read the full story from the Washington Business Journal.