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Shares of Bed Bath & Beyond (Nasdaq: BBBY) dropped more than 4.4% in pre-market hours after the company posted third-quarter earnings. The company reported per-share earnings of $1.23, beating consensus expectations of $1.20 per share. However, revenue fell short of expectations. Meanwhile, shares of Macy's Inc. (NYSE: M) slipped more than 3.2% on news the retailer will begin a series of restructuring moves to cater to consumer trends in online and retail shopping. Macy's said it is considering an off-price business similar to TJ Maxx (a segment of TJC Companies Inc. (NYSE: TJX)) and said it will be closing 14 department stores.