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Bed Bath & Beyond to sell online gift service to 1-800-Flowers

Bed Bath & Beyond will sell its online gift service,, to 1-800-Flowers, in a deal valued at $252 million, the company said. The home goods retailer is also in the midst of decluttering stores and it aims to grow sales by reducing the number of different product options that can lead to "purchase paralysis," new CEO Mark Tritton said.

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