Yet more Bed Bath & Beyond stores are closing across the United States as the company attempts to fend off bankruptcy amid mounting debts and declining sales.
The retailer said earlier this month that there was “substantial doubt” that it will be able to continue and was looking into “all strategic alternatives” to avoid going into bankruptcy, including restructuring or refinancing its debt, reducing or delaying business activities, and strategic initiatives, and selling assets, among other measures.
Bed Bath & Beyond has been suffering from tight inventory, credit constraints, and increasing demands from vendors for earlier payments which it said has made it harder to keep shelves stocked….