Embattled home goods retail chain Bed Bath & Beyond has released the list of 87 stores they're closing due to ongoing financial travails.
The company is closing its entire chain of Harmon drugstores as well as five Buybuy Baby stores, itThe company said it is working with its advisors"to consider multiple paths" to allow it to run the business as efficiently as possible. that were underperforming across the U.S. in a bid to cut costs amid declining sales.
GlobalData analyst Neil Saunders last year noted in a research report that the chain's stores are"rather messy and lack basic merchandising discipline." Bed Bath & Beyond is expected to file for bankruptcy soon as it struggles to raise capital to reorganize its business.
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