Troubled home goods retailer Bed Bath & Beyond has announced the closing of nearly 100 more of its stores this week, another sign of the company’s dire financial straits as analysts expect it to file bankruptcy in the very near future.

The real definition of “get woke and go broke.”

On top of the 150 stores the company closed back in August, the corporation will reportedly shutter 87 more stores throughout the United States.

After trying to mix business with politics, ever since they decided to stop carrying MyPillow products over the politics of the company’s founder, Mike Lindell. The chain of home furnishing stores has been struggling financially…

The latest store closures—the locations of which were not disclosed—bring the total number of closures across the United States to over 200. In total, Bed Bath & Beyond has around 708 stores.

More details of this report from The Hill:

Bed Bath & Beyond announces 87 more store closures

Bed Bath & Beyond told Nexstar Monday that it will be closing 87 additional stores, an announcement that comes days after the beleaguered home goods chain said it had defaulted on its loans.

The company also plans to close five buybuy BABY stores as well as all of its Harmon beauty locations.

Bed Bath & Beyond said the closures are being done to increase efficiency as the company works with advisors to “consider multiple paths” as the retailer tries to turn the business around.

“This store fleet reduction expands the Company’s ongoing closure program of approximately 150 lower-producing Bed Bath & Beyond banner stores,” a spokesperson told Nexstar. “We will update all stakeholders on our plans as they develop and finalize.”

Impacted store locations were not immediately available Monday.

Last Thursday, Bed Bath & Beyond said in a Securities and Exchange Commission filing that it had defaulted on its loans, which may force it to consider restructuring its debt in bankruptcy court.

The filing included some of the other strategies Bed Bath & Beyond is employing to improve its financial position, such as lowering costs, trimming capital expenditures, trying to rework rental deals with landlords and reducing the footprint of its stores, as well as the caveat that “these measures may not be successful.”

Well, they made a big mistake…

And here’s the funny ending for this woke company, Mike Lindell might be interested in buying it…

Sources: TheGatewayPundit, The Hill

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