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Bed Bath & Beyond Teams Up With Ryder to Build Distribution Centers
- Company to open two distribution centers with Ryder System
- Retail chain has sold assets, cut costs in turnaround effort
Photographer: Andrew Harrer/Bloomberg
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Bed Bath & Beyond Inc. is opening new distribution centers as part of a $300 million push to improve its supply chain and keep shelves stocked as retailers grapple with product shortages.
The home-goods chain will partner with logistics specialist Ryder System Inc. to develop a pair of facilities -- one in Pennsylvania slated to open later this year and one in California next year. The effort is designed to cut replenishment times at Bed Bath & Beyond and Buybuy BABY stores to 10 days from the current 35.