In the Jan. 26 filing, the company said it was taking several measures, including the store closures, to cut costs. Other measures include lowering capital expenditures and negotiating with landlords to “seek reductions in rental obligations.”
The retailer also this month began another round of layoffs, confirming the cuts to Retail Leader. In the latest filing, Bed Bath & Beyond expressed concerns about its ability to exist during the next year. “Based on recurring losses from operations and negative cash flows from operations for the nine months ended November 26, 2022, as well as current cash and liquidity projections, the company has concluded that there is substantial doubt about the… ability to continue,” the filing said.