There is “substantial doubt about the company’s ability to continue” because of its worsening financial situation, the home goods chain said in a regulatory filing. The company added that it is exploring strategic alternatives, including restructuring its debt, seeking additional cash, selling assets and filing for bankruptcy. The Wall Street Journal reported that Bed Bath & Beyond is preparing to file for bankruptcy within weeks, citing sources familiar with the matter.
But the company struggled to make the transition to online shopping and fend off larger chains such as Walmart\n \n and Target\n \n . Many shoppers switched to those competitors as the novelty of Bed Bath & Beyond’s coupons faded – consumers can find plenty of cheaper alternatives on Amazon\n \n and other online sites. The company also was hit hard during the pandemic, closing stores temporarily durin 2020 while rivals remained open. The company lost 17% of its sales in 2020 and 14% in 2021.
Yet you fail to cover the OPEN Border of ILLEGALS
I worked there for a decade and accepted countless coupons dating back as far as 2005 I returned coffee pots that were purchased 3 years prior without pop I watched in horror as my managers enabled spoiled brats rather than back me up bc we “never say no” Sadly unsurprising
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Source: CNBC - 🏆 12. / 72 Read more »