Bed Bath & Beyond plans to close at least 40 stores this year but open 15 new locations – USA TODAY

Mattress Bath & Previous will likely be closing and opening stores this one year.

The Unique Jersey-based fully mostly home goods retailer, which also operates Maintain Maintain Infant, Harmon Face Values and World Market, equipped combined outcomes all over its fourth-quarter name with monetary analysts this week.

“We quiz to delivery approximately 15 recent stores in fiscal 2019. This might perhaps perhaps moreover be offset by as a minimum approximately 40 stores we quiz to terminate,” Robyn D’Elia, chief monetary officer and treasurer, stated all over Wednesday’s earnings name. “This quantity will develop unless we’re ready to negotiate more favorable rent phrases with our landlords.”

D’Elia stated many of the “planned closures are for Mattress Bath & Previous stores.”

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Within the fourth quarter, the firm opened three stores and closed 21 stores. The firm has greater than 1,500 stores across all of its brands, which also involves Christmas Tree Outlets.

Mattress Bath & Previous officers also mentioned updates on some recent initiatives, along with its “next skills lab stores.” At some level of 2018, D’Elia stated, the firm “initiated 21 next skills lab stores, whereby we’re testing recent and different assortments and visual merchandising to reimagine the in-retailer skills.”

These stores experienced greater sales, the firm reported.

The one year has been off to a tough delivery for all retail. Per figures from worldwide marketing be taught firm Coresight Learn, chapter filings and firm earnings experiences, greater than 6,500 stores are slated to terminate in 2019.

The brick-and-mortar downturn is expected to proceed, in accordance with a file launched this week from UBS Securities. Investment bank analysts stated 75,000 more stores would wish to be shuttered by 2026 if e-commerce “penetration rises from 16% within the meanwhile to 25%.”

Practice USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko