Bed Bath & Beyond , Inches Toward Bankruptcy , With More Store Closures on the Way.br Bed Bath & Beyond has announced that the company br will be closing an additional 87 locations along br with all Harmon health and beauty stores. .br Bed Bath & Beyond has announced that the company br will be closing an additional 87 locations along br with all Harmon health and beauty stores. .br NBC reports that the news comes as the troubled br retailer looks to consolidate assets ahead of br a potential bankruptcy filing in the near future.br As we work with our advisors br to consider multiple paths, br we are implementing actions br to manage our business br as efficiently as possible, Bed Bath & Beyond, via statement.br The company added that br the decision to close more locations was, "based on a variety of factors.".br In the latest announcement, br the company said that it would alsobr be closing five buybuy BABY stores. .br NBC reports that Bed Bath & Beyond has br announced 237 store closures in the past year.br On January 31, Reuters reported that br the company could potentially file for br bankruptcy within the next week.br On January 31, Reuters reported that br the company could potentially file for br bankruptcy within the next week.br Last week, Bed Bath & Beyond br said that it had defaulted on br a loan to JP Morgan Chase and Co.br According to a Reuters report, br the company is looking to skip additional br debt payments due February 1.br The outlet reports that missing payments br such as this is typically a sign that a distressed br company is looking to conserve cash.br The turnaround plan put in place br last year is not working... Put bluntly, br the business is moving at rapid speed br in the wrong direction with bankruptcy br the most likely destination, Neil Saunders, GlobalData analyst, via Reuters.br The turnaround plan put in place br last year is not working...