Bed Bath & Beyond could file for bankruptcy this week

Another person familiar with the situation said the timing of any bankruptcy filing was in flux Monday evening as the retailer's advisers met to explore any remaining options to avoid liquidation, according to the report.Bed Bath & Beyond is currently negotiating a loan to help navigate bankruptcy proceedings, with the investment firm Sixth Street in talks to provide funding, two of the people said.

In addition to 150 closures announced in 2022, the erstwhile retail giant is now saying it will close 87 additional Bed Bath & Beyond stores and five buybuy BABY stores. The company is also shutting down its health and beauty discount chain Harmon.In a statement to Reuters, the company said it is working with its advisers to consider "multiple paths" but declined to comment on any bankruptcy planning.

Last week, Bed Bath & Beyond said it defaulted on a loan, bringing it closer to bankruptcy. Sources also told Reuters the retailer is considering skipping debt payments due on Feb. 1. For the quarter ending Nov. 26, Bed Bath & Beyond reported a loss of about $393 million after sales plunged 33%. Net sales declined 33% to $1.259 billion, predominantly driven by a comparable1 sales decline of 32%.

Well darn, where else can I buy linen and bathroom rugs? Where else? Where?

Carvana

Bed, Bath and Beyond, well well.

Part of the retail apocalypse . it is inevitable. although, I haven’t sold my minuscule holdings of SPG

Bed Bath and Beyond welcomes karma?

“Could” shortanddistort fakenews HedgeFund citadelscandal KenGriffinLiedUnderOath ftds bbby

$9.95 +p/h and they take care of the taxes.

What was the exec staff pay during this period of failure?

Oh darn

Yes and a meteor COULD hit the earth

Go woke go broke.

BB & B shot themselves in the foot… go woke, go broke!

It’s bed bath & beyond. Saved you a click.

Go woke go broke

Mike Lindell should buy them 🇺🇸

What is it about businesses that appear in movies going out of business? Like The day after tomorrow. The president looked suspiciously like it was Gore. Let his business go out of business

Never bought a thing from BB&B or Kohl’s after they kicked out MyPillow and Mike Lindell.

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Exclusive: Bed Bath & Beyond preparing to file bankruptcy as soon as this weekBed Bath & Beyond Inc is preparing to seek bankruptcy protection as soon as this week, and has lined up liquidators to close additional stores unless a last-minute buyer emerges, four people familiar with the matter said on Monday. But I have a stack of coupons Gee, who da thunk that would happen. Go woke go broke
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