• USA Today reports that Bed Bath & Beyond plans to close 62 stores in addition to the 58 previously announced closures, bring the total number of stores being shuttered to 120.
According to the piece, "The company said it was on track to cut $500 million in costs in its third-quarter fiscal report, which revealed a net sales decline of 33% to $1.26 billion over the prior year on $393 million in losses." The company also reportedly is considering filing for bankruptcy protection.
