What's bad for Bed, Bath & Beyond could be good news for other retailers. Bed Bath & Beyond warned last week that it is running out of cash and is considering filing for bankruptcy protection . The home-goods retailer is preparing to file for Chapter 11 within weeks, according to the Wall Street Journal . "It appears BBBY's hopes of a turnaround story are diminishing," UBS analyst Michael Lasser said in a note Friday.
For Target, the same outcome would contribute 125 basis points to 150 basis points of incremental comparable growth, translating to 5% to 10% of EPS accretion, he said. TGT 1Y mountain Target's one-year performance The two dominant retailers aren't the only potential beneficiaries. Dollar stores, warehouse clubs and department stores are also among rival chains that could take share, according to UBS.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: SFBusinessTimes - 🏆 78. / 68 और पढो »