The latest location will open March 23 in Huntington, N.Y.
Struggling specialty retailer also posts major revenue drop in most recent quarter
Partnership includes five shops-in-shops for college-bound consumers
Support center operations to take the biggest hit
Retailer increases focus on organizing areas around the home
The retailer just notched record highs in annual sales and profitability
The retailer's CEO said at least 100 new stores are also being planned
