Bed Bath’s debt load has been weighing on the company. The retailer has nearly $1.2 billion in unsecured notes, which have maturity dates spread across 2024, 2034 and 2044. In recent quarters, Bed Bath has warned it’s been quickly burning through cash.Bed Bath has been through an especially tumultuous stretch, with the departure of its CEO and other top executives, company-wide layoffs, store closures and an overhaul of its merchandise strategy.
“Transforming an organization of our size and scale requires time, and we anticipate that each coming quarter will build on our progress,” she said.
That's the new Biden economy!!!
Than stop charging high Prices and than you will gain business
Could be something to do with their ridiculously high prices for consistently low-quality merchandise. An example. One on left is BB&B. Right is Office Depot.
Jse
Go woke, go broke
Go Woke Go Broke
I'm surprised this store has hung on as long as it has (shopping experience is meh, service typical of any box store -nothing distinguishes itself except it's more expensive)!
Unacceptable. I have ten entire dollars invested into you.
Next time dont charge 80 dollars for pillowz
My wife spent $22.88 there yesterday...........
Wow end of an era.
Bad idea to announce it ahead of time. It should have been a surprise.
broadcity How are you holding up, Abbi?
Again!?
So you’re saying they may be Bed Bath & Beyond repair?
😞
Wow, I don’t go there it smells bad
There will eventually be no brick and mortar specialty store.
so what lmao why is this news
Typical corp that expanded with reckless abandon, didn’t do a thorough SWOT, and didn’t have a real risk mitigation plan.
Close it all together.Wokeness has no place in business. Ask Disney.
The one in palmdale CA shut down and sold everything, even told us to grab more of what we were buying for free lol “just take more we need to get rid of everything”
I’ll be waiting for the store wide sale
Say it isn't so!
Aimn2pleasee Slash your prices!!!
Surprised a store that charges $20 for a dishrag is struggling to compete.
lmao y’all talking about getting your candles. That’s bath and bodyworks 😂. Yes, BBB sell’s candles too but y’all know you thought it was the other place (so many do) 😉
That’s because everything in the store is so expensive! It’s hard to sell anything when no one wants to spend $50 on a towel.
Ooh, I thought they already had 😟.
From bed bath and beyond to bad broke and bankrupt
So you're saying Monday would be a good time to buy stock? Thanks
Hopefully Will Ferrell has enough time after Home Depot
KySportsRadio better make a run on candles
I stopped SHOPPING there including all of my Family ! I hope Kohls is next and this is WHY !!
Always used to love that store but it’s too damn expensive
Bed Bath & Bankrupt
🙁
They really didn't adapt very well to the new things we had to do during covid. But still, end of an era. No more making jokes about the Beyond. Nobody will know what we're talking about. (Pencil has what to do with a cassette?)
Go Woke Go Broke
Same or similar items cheaper elsewhere.
They should have never canceled MyPillow 🤣🤣
bye-bye BBB
Go woke go broke
Somewhere, Mike Lindell is laughing.
They have stuff stacked to the ceilings. It’s very off putting to walk through their stores.
Maybe we don’t need giant box stores and would be happier shopping at Jimmy’s Hardware and Home Supplies down the street🤷♀️ Maybe Jimmy could hire locals and give them jobs and support his community🤷♀️ Maybe we don’t need 10 different toaster options 🤷♀️ Maybe………..🤷♀️
They are a bit pricey tbh
Well, bankruptcy starts with a B. So it’s still on-brand.
I was about to buy some new pillows from there too. Lemme save the company real quick.
What's funny is that Mike Lindell isn't declaring bankruptcy!
Who tfk shops here?
Just a thought, maybe they shouldn’t have stopped selling a great product like My Pillow.. stay out of politics and focus on great quality home products… just a thought.
BB&B I only went there to buy specific items and only if needed, it was a challenge finding stuff because stores overcrowded; new management solution, carry nothing 😑 Failure Of Management 101.🤔
They could just narrow down to Bed and Bath. Beyond seemed like a costly venture
And they never consider their product lines, marketing, or store size as problematic. Maybe being good at that wasn't ever their intention.
The retailer’s update a few minutes ago suggests a new but temporary lease on life. It forgot about the cash hidden in its bed.
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Source: CNBC - 🏆 12. / 72 Read more »