The company says however that it will also open about fifteen new sites.
The New Jersey-based home goods retailer said more stores will have to close unless it's able to negotiate more favorable rental terms with its owners.
Bed Bath & Beyond announced Wednesday a loss of $ 253.8 million in the fourth quarter, after recording a profit in the same period of the previous year.
* Follow us on YouTube
* More local news
* Send us a newsletter
* Download the abc7NY app for last minute alerts