& Beyond warned on Thursday that the home goods retailer may need to file for bankruptcy as sales continue to drop and it struggles to attract shoppers.
"There is substantial doubt about the company's ability to continue as a going concern," the retailer said in a statement.Bed Bath The company's recently-appointed CEO and president, Sue Gove, blamed the poor performance on inventory constraints and reduced credit limits that resulted in shortages of merchandise on the shelves.& Beyond announced it would shutter stores and lay off workers in a bid to turn around its beleaguered business. It closed about 150 of its namesakes stores and slashed its workforce by 20%. It estimated those cuts would save $250 million in the company's current fiscal year.
That reversed a strategy embraced by its former CEO Mark Tritton, who was ousted last June after less than three years at the helm. It said it would get rid of one-third of its store brands, which had started to be rolled out in the last year or so. Besides Bed BathNeil Saunders, managing director of GlobalData Retail, wrote in a report Thursday that Bed Bath
They haven’t figured out how to make money in the beyonds.
Best shit
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Bed Bath & Beyond shares plummet as company warns of deeper financial troubles“Shares take a bath” seems like a missed headline opportunity That store is one of those ones where you wonder how it stays afloat. Mostly random crap Joe Bidens America. Enjoy.
Source: CNBC - 🏆 12. / 72 Read more »
Bed Bath & Beyond bankruptcy might be next, retailer warnsThe beleaguered retailer faces 'substantial doubt' about its ability to continue operating. Bed, Bath, Bankruptcy & Beyond Bad Broke and Beyond 😂 lauferlaw A friend was in one local BBB over the weekend and said their shelves were all but empty, everything bad migrated to self check-out, and when that system malfunctioned, they had difficulty finding an employee to help. They were great in their heyday.
Source: axios - 🏆 302. / 63 Read more »
Bed Bath & Beyond exploring options including bankruptcy, shares fall 13%Bed Bath & Beyond Inc on Thursday said it was exploring options including a bankruptcy filing to address the U.S. home goods retailer's plunging sales, dwindling cash and debt load, sending its shares tumbling. have had a heretic year for most stocks , reason people cutting back . thanks, while not only did they buy your products , now they pay your debt . imagine that . then its business as usual . 😡 Bankruptcy? Is that part of the 'Beyond' G7 WEF 🥳🤡🌍
Source: Reuters - 🏆 2. / 97 Read more »
Bed Bath & Beyond Shares Plunge as It Explores BankruptcyBed Bath & Beyond said there is doubt about its ability to keep operations funded as sales continue to fall. Shares dropped more than 18% premarket. Maybe they should stop mailing all those crappy coupons that my wife won’t let me throw away. That would save a lot of money. Perhaps they should bring back My Pillow products Not BB&B ‼️
Source: WSJ - 🏆 98. / 63 Read more »
Bed Bath & Beyond delivers grim warningBed Bath & Beyond delivered a grim warning to shareholders and customers about its future. Good. Go under you Woke SOBs They’re unique…cut costs and raise prices. The public needs them GowokeGobroke
Source: FoxBusiness - 🏆 458. / 53 Read more »
Bed Bath & Beyond considers bankruptcy, says its future is in doubtThe company’s dismal sales continued through the holiday shopping season. Shares fell more than 18% on the news. Prices tooo high can find same on the shelf merchandise elsewhere for less Some other 'BUSINESS' news you might want to report on.... 'Amazon job cuts increase to 18,000 Amazon announced on Wednesday that it would cut a larger than expected 18,000 jobs, the most in company history.' Doesn’t surprise me 🤷🏼♀️
Source: PennLive - 🏆 463. / 53 Read more »