Bed Bath & Beyond announces store closures, layoffs and new financing in push to fix struggling business
- Bed Bath & Beyond said it has secured more than $500 million in new financing as it seeks to steady its business ahead of the holiday season.
- It also announced layoffs and store closures as a way to cut costs.
- The struggling retailer announced the moves ahead of an investor update early Wednesday.
https://www.cnbc.com/2022/08/31/bed-bath-beyond-announces-500-million-in-new-financing-plans-for-layoffs.html