Bed Bath & Beyond Inc.’s BBBY 31.45%increase; green up pointing triangle cash pile and sales dwindled in the most recent period and it plans to accelerate cost cuts, as the home-goods retailer continues to face deep obstacles in its bid to remain solvent.

The retailer’s operations burned through about $300 million in cash in the quarter ended Nov. 26 and closed the period with about $200 million in cash and equivalents.

It had secured $500 million in financing in August. The company said Tuesday it had about $500 million in total liquidity, including what it can still borrow against its credit lines.

The company said last week that it was running low on funds and considering several options, including seeking relief in bankruptcy court. The retailer is in the early stages of planning for a chapter 11 bankruptcy filing, which could come within weeks, according to people familiar with the situation.... Read More: WSJ