-- Bed Bath & Beyond (BBBY) said Thursday that 98 The Container Store locations nationwide will be overhauled to prepare for a phased integration of its products.
As part of the reset, The Container Store will liquidate approximately 30% of select categories and SKUs beginning Friday, April 24, to streamline assortments, improve space productivity, and create room for new products expected to arrive in phases later this year, the company said.
Beginning in May, identified locations are expected to transition over the following months to The Container Store + Bed Bath & Beyond format, the company added.
Shares of Bed Bath & Beyond were down 3% in early Thursday trading.
Price: $5.81, Change: $-0.18, Percent Change: -3.01%