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Mason Dixon

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Brick and mortar stores continue to take a hit in the United States; now Bed Bath & Beyond has announced that it will close 40 stores after losing $137 million last year.

BB&B’s CEO has also warned that more stores could get shuttered, too.

BB&B bosses say they plan to try experimental store formats, invest more into the retailer’s furniture business and shift some focus more into online sales.

No locations or closing dates have been announced.