Page 37 - Mark Tritton News Today

Bed Bath & Beyond said it will close about 150 of its stores and slash its workforce by 20%. It estimated those cuts would save $250 million.

The home goods giant struggled to overhaul its supply chain and convince customers to buy its new, private label merchandise that replaced popular national brands.

Bed Bath & Beyond Inc. leadership says it’s close to securing financing and is putting in place a new business strategy to reduce costs as the troubled retailer tries to convince investors, vendors and customers that it has a credible survival plan.

Bed Bath & Beyond said Wednesday that it will shutter stores and lay off workers in a bid to turn around its beleaguered business.

Bed Bath & Beyond says that it will shutter stores and lay off workers in a bid to turn around its beleaguered business.

The homewares retailer also forecast a bigger-than-expected 26% drop in same-store sales for the second quarter and said it would retain its...

Bed Bath & Beyond said Wednesday that it will close stores and lay off workers in a bid to turn around its beleaguered business.

Shares of Bed Bath & Beyond plunged after the struggling home goods retailer announced a restructuring that includes store closures, layoffs and a possible stock offering

The retailer, based in Union, NJ, also said that it would go back to its original strategy of focusing on national brands.

The struggling retailer announced announced the new financing ahead of an investor update early Wednesday.