Bed, Bath and Beyond announces 150 stores closing, 20% cut in workforce

[TheFugitive]

Struggling to survive amid poor results, Bed, Bath and Beyond has announced a restructuring plan which will see them close 150 stores and lay-off approximately 20% of their workforce.

https://www.msn.com/en-us/money/companies/bed-bath-26-beyond-announces-store-closures-and-and-layoffs/ar-AA11ktL1?fromMaestro=true

Wall Street reaction appears to be negative, with their stock trading down over 25% at this time.

Looks like they are on the glide path to oblivion like Kmart and Ames.