Bed Bath & Beyond to close 87 more stores

Embattled home goods retail chain Bed Bath & Beyond is closing 87 stores as its financial travails continue.

It will also close its entire chain of Harmon drugstores as well as five Buybuy Baby stores, the company said in a statement to CBS MoneyWatch. 

Bed Bath & Beyond said it is working with its advisors "to consider multiple paths" to allow it to run the business as efficiently as possible.