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Bed, Bath & Beyond in-store sales drop significantly

Bed, Bath & Beyond in-store sales drop significantly
Posted at 8:46 AM, Sep 20, 2017
and last updated 2017-09-20 05:31:46-04

(CNN) - Bed, Bath and Beyond's latest financial report is showing a significant plunge in profit.

Shares in the retailer's stocks dipped by about 12 percent on Tuesday.

Bed, Bath and Beyond also said its earnings have decreased by more than $70 million in a one-year period.

The company said the "unfavorable impacts" were due in part to damages caused by Hurricane Harvey.

But they are reporting some good news - online sales have grown more than 20 percent.

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