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Tech Entrepreneur Tony Hsieh, 46, Dies From Injuries In CT House Fire
Tony Hsieh, the retired CEO of online shoe and clothing retailer Zappos, died at age 46 from injuries sustained in a fire at a Connecticut home.
The blaze broke out on Wednesday, Nov. 18 in New London, and Hsieh died from his injuries on Friday, Nov. 27 at Bridgeport Hospital with his family by his side, according to KLAS 8 News Now in Las Vegas, where Zappos' headquarters is located.
Hsieh retired as Zappos CEO in August 2020 after 21 years. Before joining Zappos, he sold LinkExchange, an Internet advertising network, to Microsoft in 1998 for $265 million.
Hsieh, a Harvard graduate …
Bed Bath & Beyond Will Close At Least 40 Stores
Bed Bath and Beyond is planning to close at least 40 stores to help stem losses after it lost $253.8 million in the fourth quarter last year.
The home goods retailer, founded in 1971 and headquartered in Union Township, New Jersey, forecast dismal first-quarter profits, sinking shares in its stock on Friday, Feb. 12 as the company struggles to compete with online retailers such as Amazon.
The 40 stores scheduled for closure were not announced.
While the company, with 1,550 locations and more than 60,000 employees, also announced it plans on opening around 15 new locations,…