Bed Bath & Beyond Inc. will close approximately 150 lower-producing stores and reduce its corporate and supply chain workforce by 20 percent as it brings in new financing to improve its balance sheet and adjusts its inventory strategy and leadership team to drive engagement.
"We are embracing a straightforward, back-to-basics philosophy that focuses on better serving our customers, driving growth, and delivering business returns,” said Sue Gove, Bed, Bath & Beyond (Nasdaq: BBBY) director and interim…
