Bed Bath & Beyond‘s downward slide continued Tuesday as the company announced 126 of its 150 planned store closures, including Bay Area locations in San Jose, Antioch, San Leandro, Vallejo and Larkspur.
A timeline has not been given for when the stores will close.
The closures are part of a plan to try to stabilize the company’s finances and turn around its declining sales.
In August, the home goods retailer secured more than $500 million in new financing and announced it would close 150 of its stores and slash its workforce by 20%. The company said Tuesday it was on track to meet that goal and hinted the strategy likely
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