Thread regarding Bed Bath & Beyond layoffs

Help- store closing?

We think our store is about to be on the chopping block. We know our lease is going to be up soon- SM plays dumb to the question we all ask about is the lease getting signed. We are aware of some of the tell tale signs (low and declining sales) but anything we should look out for from people who have lived through a store closing? (Only serious comments please!) I’ve seen where even what was once a large volume store is closing because the cost is too high. And if so what do they offer when they close? Severance?

If I can see it coming I can be ready. I love my job and bbb, but If the store closes I’m not sure I could transfer to the nearest one (the closest is an hour away).

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| 1701 views | | 6 replies (last September 24, 2019) | Reply
Post ID: @OP+119IGAB1

6 replies (most recent on top)

They offer a transfer to closest location. No severance. Went through it at store 152 Grapevine, Tx

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Post ID: @3gsq+119IGAB1

I agree. There is a lot that the higher ups know that they aren't revealing yet because now they are all controlled by the new board decisions. Anything goes now but my gut tells me to GTFO nothing good ahead for general staff.

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Post ID: @1jfr+119IGAB1

As my business instructor in college once said: "never go against your gut instinct, you'll regret it every time".
Your SM may not know the closure status because they're being lied to by the higher ups (shocking, I know!). If you think/feel your SM is not being truthful with you, time to find something else.
You need to look out after Numero Uno, and believe me the corporate fools of BBBY are not even considering you or your colleagues in their decision making.

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Post ID: @1isg+119IGAB1

I’ve been through a closing at Norridge and it was the saddest thing ever especially when you worked with an awesome crew. The news devastated us. We were getting ready for the next change, Fall. When we noticed most of it didn’t come and we wondered why we were getting less shipment in receiving. It was pretty obvious but we weren’t aware.

Also, we noticed no one from our Bridal team ever visited us or even reached out like they use to in the past. Go on Mysource, check your store’s open date and if it’s at the 15th mark most likely you will be closing. Forest Park is owned by BBB, and I think they are remodeling that location so they are safe. Norridge was busy, but not enough to keep it going, we reached our 15th year, 2003-2018.

We had about 2 1/2 months to close shop. Some were offered transfers, others weren’t given any options. Many started to flee and found jobs quickly. We had temps to help close the store. The hours started to change, instead of 9 to 9 it was changed to 10 to 7, just one shift.

I wish everyone lots of luck, whether u stay on or leave.

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Post ID: @vpx+119IGAB1

One of the smaller stores near us is closing (northeast region), and from what we heard is that part timers are offered transfers to surrounding stores if they want. Management and full timers are being either reassigned or laid off with severance pay.

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Post ID: @gdl+119IGAB1

Many will be surprised after the first of the year! Stores that are in close proximity will be targeted to close, for instance if you had a store within 20-30 minutes of your location typically the lower volume store would close enabling the other store to increase it’s foot traffic. In your case due to lease negotiations & probably close to double digit decreases you will close. More than likely no severance, the game right now is attrition & middle management making life miserable. Start looking the country is at full employment & no matter who you are or how long you’ve been with the company you’re just a name on a roster.

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Post ID: @vng+119IGAB1

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