Bed Bath & Beyond, the one-time meme stock and longtime nationwide retailer known for its home goods and bedding, will close 150 stores this year, several in Florida. Macroeconomic headwinds are finally catching up to the retailer, so the company is executing on the standard playbook – closing stores. Adam Sandler lent his star power to the struggling brand in 2006 with the hit movie “Click,” but in today’s fast-moving world, that was a lifetime ago. While the largest retailers always seemed to have a competitive moat due to their size, online shopping changed all that and alas, that moat for BB&B has shrunk.
Originally posted for the Orlando Sentinel’s Central Florida 100.
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