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Bed Bath & Beyond Inc., the retailer that for decades provided essential shopping for college dorms, wedding gifts and new homes, will close all of its stores and liquidate inventory
Putting jobs of thousands of employees — and their retirement savings and severance pay — on the line.
The retailer will close all its stores and liquidate inventory over the next two months after its turnaround failed
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Bed Bath & Beyond expects all sales at the remaining brick-and-mortar stores to be completed and the properties vacated by June 30.
The retailer filed for Chapter 11 bankruptcy on Sunday.