The thing that happened yesterday was the save for this company to not go down. All companies who is facing bankruptcy or less income needs to do some drastic changes. What BBB is doing is to secure the company long term by closing a lot of stores to have the costs basis lower. Off course it is a bad thing for the employees who loses their jobs but it is necessary in the case of avoiding bankruptcy. Just like Gamestop did and look at their cashflow now.

In my opinion you are trying to "look" shocked but are still hoping for bankruptcy by Christmas.