The retailer said Tuesday that net sales fell 33%, to $1.3 billion, during its latest quarter ending November 26 compared with the same stretch a year ago. It lost $393 million during the quarter, a 42% increase from a year ago. Sales plunged in large part because Bed Bath & Beyond did not have enough stuff on shelves from suppliers. The company has been revamping its merchandise and eliminating some of its private brands in favor of name brands.
Last week, Bed Bath & Beyond issued a grim message about its future, warning that a bankruptcy filing is a possible outcome for the company. 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 Thursday. The company added that it is exploring strategic options, including restructuring its debt, seeking additional cash, selling assets and filing for bankruptcy.
Once they go bankrupt, we get to finally figure out what the 'beyond' part means. It's like a last will and testament.
Sepah in IRAN is a Terrorist group IRGCterrorists MahsaAmini
go woke go broke
Maybe BB & B should have stayed out of politics and concentrated on their brand instead.
Ok
BedBathBeyond not even excepting coupons. You get some error code. Times are tough. bedbathbeyond
Too much beyond. Not enough bed and bath.
Shouldn’t have canceled MyPlillow
HassanFirouzi is another political prisoner of the IranRevolution. He was arrested on Oct 27 when his daughter was 18 D-old. He was tortured severely to confess he had led protests. He bled internally and his life is now at risk… SayTheirNames
Italia Ultime Notizie, Italia Notizie
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Fonte: SFBusinessTimes - 🏆 78. / 68 Leggi di più »
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