How Collin Creek Mall looks in 2020 #collincreekmall #planomallredevelopment

Collin Creek Mall, which opened in the summer of 1981, is being redeveloped in Plano, Texas.

This is what Collin Creek Mall looks like on a sunny Sunday in September 2020 off Alma Drive between Plano Parkway and 15th Street west of U.S. 75 in Plano TX.

This is what Collin Creek could become.

Bed Bath & Beyond restructuring; 2,800 positions ending to create digital-first shopping environment for customers

Bed Bath & Beyond Inc. announced a major realignment of its organizational structure, estimated to generate future annual pre-tax cost savings of approximately $150 million.

This represents a portion of the anticipated savings from the previously disclosed comprehensive restructuring plan, which is expected to deliver annualized improvement in Earnings before Interest, Income Taxes, Depreciation and Amortization (EBITDA) of between approximately $250 million to $350 million, excluding one-time costs, over the next two-to-three years.

In conjunction with the organizational realignment, the Company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately. This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve customers in a digital-first shopping environment, as well as realign technology, supply chain and merchandising teams to support strategic growth initiatives. 

Bed Bath & Beyond’s President and CEO Mark Tritton said, “Saying goodbye to colleagues and friends is incredibly difficult, but this component of our comprehensive restructuring program is critical to rebuild the foundation of our business, construct a modern, balanced and durable business model, and meet the structural shift in customer shopping and service preferences that we have seen accelerate as a result of COVID-19. Today’s action forms part of a series of changes we are making to reduce the cost of our business, further simplify our operations and support our teams so we can emerge from the pandemic in an even stronger position.

“We have made significant progress this year and these purposeful interventions are designed to allow us to maintain our financial flexibility and re-invest where it matters most to our customers and our people. As we work to re-establish our authority in Home, Baby, Beauty and Wellness, we are encouraged by the strong customer response to new services such as BOPIS and Curbside Pickup, and the continued strength in our digital channels as we improve the curation of our product assortment, enhance the ease and convenience of the shopping experience, and make it easier to feel at home.”

The changes will help fund a number of growth initiatives to enhance the omni-always shopping experience in store and online, building on the recent introduction of Buy-Online-Pickup-In-Store (BOPIS) and Curbside Pickup services, in addition to supporting plans to launch an array of new customer-inspired owned brands in 2021 and deliver an end-to-end transformation of the Company’s supply chain.

Third Monday Trade Days discoveries #visitmckinneyTX

Get there first before these are gone at Third Monday Trade Days on Hwy. 380 in McKinney, west of U.S. 75

Third Monday Trade Days – McKinney
Third Monday McKinney
Third Monday on Hwy. 380
Fashion – Third Monday Trade Dsys
Trade Days in McKinney Texas
Find these in McKinney on Third Monday at Trade Days
Yard art – Third Monday McKinney
Visit Third Monday Trade Days readers … estimated population 1,005,146

51 percent to 49 percent – Women to men ratio

74 new residents moving in daily

5 STAR RATING ***** Get a free business listing when you sign up for our local news updates  SUBSCRIBE TO OUR LOCAL NEWS UPDATE

323,125 households in North Texas and growing with …

2.74 people per household

70.3 homeownership rate

$41,609 per capita income

$90,124 median household income

92.9 percent high school graduates

49.7 percent have earned college degrees

28.2 minutes avg. travel time to work

24.8 percent speak more than one language in home

590,266 registered voters

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