What steps will the company take to reduce costs?
Bed Bath & Beyond To Close Around 200 Stores In Next 2 Years
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The CEO of a home goods chain announced that the COVID-19 pandemic has exacerbated the company's struggles, leading to more store closures and a shift towards digital sales. The company plans to strategically reduce promotions and expects to save $350 million through downsizing. Additionally, it will focus on reducing goods costs and re-evaluating its supply chain.
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What are the company's plans regarding store closures?
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