The head of Bed Bath & Beyond died after falling from a building in New York

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The head of Bed Bath & Beyond died last week, just two days after

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the home retail giant announced a new round of store closings and

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layoffs as it works to recover from slumping sales.

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The organization affirmed on Sunday that its leader VP and CFO, Gustavo Arnal, passed on Friday.

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Harriet Edelman, Bed Bath & Beyond's independent chairman of the

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board, said in a statement that Arnalo will be remembered for his leadership and talent.