Bed Bath & Beyond plans to close about 200 stores over next two years

Bed Bath & Beyond plans to close about 200 stores over the next two years as its sales slid in the first quarter.

The chain reported its quarterly sales dropped 49% due to temporary store closures amid the pandemic.

Online sales soared 82%.

The store’s closings amount to about 20 percent of its namesake stores, according to CNN.

Bed Bath & Beyond has not yet announced which 200 stores will close.