Bed Bath & Beyond Inc. continues to make progress in its goal to streamline its portfolio and shed non-core businesses. The home goods retailer announced it has completed the sale of its Christmas Tree Shops banner, its institutional Linen Holdings business and a distribution center located in Florence, N.J. The total cash proceeds from the three separate sales agreements were approximately $250 million. In October, Bed Bath & Bed said it had entered into agreements to sell its 80-store Christmas Tree Shops unit to Handil Holdings and its institutional Linen Holdings business to The Linen Group LLC, an affiliate of Lion Equity Partners. It also said would sell distribution center in Florence, N.J., to an institutional buyer. "The timely completion of these transactions represents another important milestone in our comprehensive plan to simplify our portfolio, unlock the potential of our business and extend our authority in the home, baby, beauty and wellness markets," said Mark Tritton, president and CEO.