Bed Bath & Beyond whacking hundreds of store-level jobs
August 4, 2017,
Union, N.J. – Roughly half of Bed Bath & Beyond’s stores will lose employees as the retailer plans to eliminate nearly 900 positions.
BBB announced it will lay off 880 department and assistant store managers from half its U.S. Bed Bath & Beyond stores and about a dozen buy buy Baby units. The company plans to add staffing in non-management roles and expects overall store personnel levels will ultimately remain the same after completing the restructuring. In some cases, the company said, the number of store associates could increase.
Bed Bath & Beyond ceo Steve Temares said the shift will allow stores to concentrate on customer-focused interactions. “[T]he role of our stores is also evolving, and remains crucial to achieving our mission of being trusted by our customers as the expert for the home and heart-felt life events,” he added.
The store-level reorg are expected to generate pre-tax cost savings of roughly $16 million, the company said.
BBB has also established a Strategic Portfolio Management Office and is bringing on more employees in non-store areas, including industrial engineers. The company said it will discuss those initiatives during its second quarter conference call on Sept. 19.
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