Bed Bath & Beyond announced Wednesday that it plans to close more than 100 stores and lay off staff. The company made the announcement in a news release, saying it has already identified and begun closing 150 “lower-producing” stores, and said that it “continues to evaluate its portfolio and leases, in addition to staffing.” The company says it will be laying off 20% of its staff as well. A full list of the stores that would be closing was not released. (Photo: AP)