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Bed Bath & Beyond to close 40 stores

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Bed Bath & Beyond announced plans to close 40 stores this year.

Same-store sales dropped 1.4% during the first three months of the year.

The company signaled it would open 15 so-called lab stores this year. The stores focus more on home decor, food and beverage, and health and beauty products.

Read more from the New York Daily News.

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