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Bed Bath & Beyond warns of potential bankruptcy - Silicon Valley Business Journal

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Bed Bath & Beyond may file for bankruptcy. But what about its Bay Area outlets?

Bed Bath & Beyond said in a statement released before markets opened Thursday that it is considering bankruptcy among other measures to stay in business after a brutal third quarter.

"The Company continues to consider all strategic alternatives including restructuring or refinancing its debt, seeking additional debt or equity capital, reducing or delaying the Company's business activities and strategic initiatives, or selling assets, other strategic transactions and/or other measures, including obtaining relief under the U.S. Bankruptcy Code,"The Union, New Jersey-based company was scheduled to report its fiscal third quarter results for the period ended Nov.

Sue Gove, president and CEO of Bed Bath & Beyond, said reduced credit limits resulted in less product availability in stores during the quarter and that the company has already leveraged the liquidity gained from holiday season to bulk up inventory from key vendors.

 

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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.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Bed Bath & Beyond shares plummet after company warns of potential bankruptcyThe embattled home goods retailer said it is struggling to attract customers and drive sales. The retailer’s update a few minutes ago suggests a new but temporary lease on life. It forgot about the cash hidden in its bed. And they never consider their product lines, marketing, or store size as problematic. Maybe being good at that wasn't ever their intention. They could just narrow down to Bed and Bath. Beyond seemed like a costly venture
La source: NBCNews - 🏆 10. / 86 Lire la suite »