Bed Bath & Beyond To Close 60 Stores As Q2 Sales Decline

Bed Bath & Beyond has reported mixed second quarter results, including the closure of 60 stores, asserting that its turnaround initiatives have improved its financial condition. However, questions remain over when the retailer will select its new CEO and if any significant assets will be divested.

Business Transformation Hits Sears Hometown & Outlet Q2

Sears Hometown & Outlet is undergoing a thorough business transformation, and that had an impact on its second quarter financial results, which included separating the outlet segment results, which now are considered discontinued operations.

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