Bed Bath & Beyond Inc. is closing more stores, including all of its Harmon beauty shops, after defaulting on its debt while not yet filing for bankruptcy.
if it doesn’t find a buyer or have a stalking horse bidder in place, Axios’ Richard Collings reports.
Bed Bath & Beyond has been distressed for years, having failed to reinvent itself in the digital age despite efforts to declutter its stores and remake its coupon strategy, Axios’ Nathan Bomey explains.in early January that it faces "substantial doubt" about its ability to continue operating on its own.
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