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On Wednesday, Bed Bath & Beyond fabricated a black announcement: It will be closing about 200 abundance locations over the abutting two years. Like abounding companies, Bed Bath & Beyond has been abundantly afflicted by the coronavirus pandemic, which prompted all of the company’s food to abutting briefly starting March 23. Despite the actuality that online sales soared 82 percent in the aboriginal division (and were up 100 percent in April and May), all-embracing sales for the aggregation fell 49 percent, from $2.57 billion a year ago to $1.31 billion, according to the annual report. While quarantining at home, online shoppers angry to Bed Bath & Beyond for charwoman articles and home decor, but it wasn’t abundant to bolster the accident of sales consistent from acting abundance closures.

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The aggregation additionally owns and operates buybuy Baby, Harmon Face Values, World Market, and Christmas Tree Shop stores, but best of the accustomed closures will be namesake Bed Bath & Beyond locations. The abundance closures are advised to abate the cardinal of “redundant stores” as allotment of a beyond accomplishment to cut costs and focus added on agenda efforts. The aggregation has already furloughed the majority of its abundance assembly and is negotiating the acquittal agreement of goods, services, and rent.

One ablaze spot: Bed Bath & Beyond’s President and CEO Mark Tritton told CNBC that as its food reopen, they are seeing sales animation aback aloft their centralized projections. Customers are stocking up on charwoman products, baptize filters, coffee, and home appurtenances as the communicable continues and abounding are still spending added time at home.

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