Struggling Bed Bath & Beyond To Shutter 150 Stores, Cut Staff As It Looks To Survive
Bed Bath & Beyond's shares were down over 24% in premarket trading as it gave its strategic update.
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Bed Bath & Beyond's shares were down over 24% in premarket trading as it gave its strategic update.
The home goods retailer is under pressure as it struggles with slowing sales and competes for customers amid a tougher economic backdrop.
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The retailer had made an aggressive push into exclusive brands and touted them as a linchpin of its turnaround strategy.
UNION (dpa-AFX) - Bed Bath & Beyond (BBBY) is reportedly discontinuing Wild Sage, one of its private labels.According to CNBC, the home goods retailer confirmed the brand is being discontinued.The