warned on Thursday that there’s substantial doubt about the company’s ability to continue as a “going concern” as sales continue to drop and it struggles to attract shoppers.
The company’s CEO and president Sue Gove blamed the poor performance on inventory constraints and reduced credit limits that resulted in shortages of merchandise on the shelves. Mired in a prolonged sales slump, the company also announced back in August that it would revert to its original strategy of focusing on national brands, instead of pushing its own store labels.
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They should’ve never taken MyPillow off the shelves
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Bed Bath & Beyond considers bankruptcy as ‘substantial doubt’ looms over ability to continue businessStruggling Bed Bath & Beyond warned on Thursday that there’s substantial doubt about the company’s ability to continue as a “going concern” as sales continue to drop and it struggles to attract shoppers.
Source: wsfa12news - 🏆 338. / 59 Read more »
Bed Bath & Beyond says there’s substantial doubt about the company’s ability to continueStruggling Bed Bath & Beyond warned on Thursday that there’s substantial doubt about the company’s ability to continue as a “going concern” as sales continue to drop and it struggles to attract shoppers. It’s be a cool Airbnb. Sleep, shower, and maybe fry up some bacon in the morning. Just a thought… Overpriced and mediocre products where the quarterly released mailer ‘20% off coupon’ will enable the consumer to purchase exactly one (and only one!) item at the normal cost of the same product elsewhere. Good riddance!
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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.
Source: CNBC - 🏆 12. / 72 Read more »