The company said in its SEC filing Thursday that “at this time, the Company does not have sufficient resources to repay the amounts under the Credit Facilities and this will lead the Company to consider all strategic alternatives, including restructuring its debt under the U.S. Bankruptcy Code.” Bed Bath & Beyond defaulted “on or around” January 13, according to the Securities & Exchange Commission filing. As a result, creditors are demanding immediate payment.
The retailer became known for its ubiquitous 20% off blue coupons, and cavernous stores with merchandise stacked high to the ceilings. But the company struggled to make the transition to online shopping and fend off larger chains such as Walmart 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.
claire34221 Go woke, go broke. No surprise here.
Thing is businesses can restart even filing chapter... people/consumers/non-business entities/unsecured consumer debt can't be restarted. Financial times were better before 2021.
Throw in the towel
They shouldn’t have dropped My Pillow