Tag Archives: Bed

Bed Bath & Beyond continues to struggle mightily. The near-dead home goods retailer released its long-awaited holiday quarter results on Tuesday morning, and the picture is not pretty. Here are seven numbers that stood out to Yahoo Finance and help explain why the company is on the brink of ruin: Net sales crashed 33% from the prior year. Comparable digital sales fell a whopping 33%. Bed Bath & Beyond banner comparable sales plunged 34%. BuyBuyBaby banner comparable sales tanked in the “low 20″… Source link

Bed Bath & Beyond hasn’t filed for bankruptcy (yet), which looks to be keeping hopes alive among the few remaining bulls on the stock. Shares of the near-death retailer shot up as much as 75% in pre-market trading on Monday before giving back some of its gains to be up about 40% as of around 6:00 AM ET. The speculative move in the stock comes ahead of Bed Bath & Beyond’s highly-anticipated earnings on Tuesday. Chatter has been the company would declare bankruptcy prior to its earnings… Source link

A Bed Bath & Bust scenario could bring some short-term financial pain to rival home furnishings retailers amid aggressive going-out-of-business clearance sales nationwide, one expert warned. “In the short-term, the liquidation [would be] a little tough on J.C. Penney, Kohl’s, Target, Walmart, Wayfair and maybe Container Store — and to some extent maybe Macy’s — because somebody like [liquidator] Gordon Brothers will be running a really aggressive liquidation sale,” retail expert Jan… Source link

A Bed Bath & Bust scenario could bring some short-term financial pain to rival home furnishings retailers amid aggressive going-out-of-business clearance sales nationwide, one expert warned. “In the short-term, the liquidation [would be] a little tough on J.C. Penney, Kohl’s, Target, Walmart, Wayfair and maybe Container Store — and to some extent maybe Macy’s — because somebody like [liquidator] Gordon Brothers will be running a really aggressive liquidation sale,” retail expert Jan… Source link

The end may be near for Bed Bath & Beyond (BBBY). In a statement published before the market open on Thursday, the company said bankruptcy is on the table as it works to shore up its leaky balance sheet amid continued financial struggles. “The Company continues to consider all strategic alternatives including restructuring or refinancing its debt, seeking additional debt or equity capital, reducing or delaying the Company’s business activities and strategic initiatives, or selling assets,… Source link

Bed Bath & Bust. Bed Bath & Beyond stock fell more than 10% in Tuesday trading, a sharp reversal from a 3% move higher in pre-market activity, to a level not seen since the close of trading on July 2, 1993. The company’s ticker page was among the top five most visited on the Yahoo Finance platform. The sell-off likely reflects rising investor angst surrounding two key dates for Bed Bath & Beyond, both of which could offer clues on whether the struggling retailer survives the year. Bed Bath &… Source link

Take our debt, please! Struggling retailer Bed Bath & Beyond is coming up woefully short in a key debt exchange designed to give the company some much-needed financial breathing room. The company said Tuesday that it would extend its debt exchange offer to Dec. 19 from Dec. 5. The extension reflects limited appetite by debt-holders in the debt swap, according to data supplied by the retailer (right hand column in chart below). Such limited appetite likely reflects the concern among… Source link

Take our debt, please! Struggling retailer Bed Bath & Beyond is coming up woefully short in a key debt exchange designed to give the company some much-needed financial breathing room. The company said Tuesday that it would extend its debt exchange offer to Dec. 19 from Dec. 5. The extension reflects limited appetite by debt-holders in the debt swap, according to data supplied by the retailer (right hand column in chart below). Such limited appetite likely reflects the concern among… Source link

We’ve heard a lot recently about how the troubled Bed Bath & Beyond retail chain plans to solve its financial problems by changing its merchandising to include more national brands, taking out expensive loans, closing 150 stores, firing 20% of its workforce and potentially selling 12 million shares of new stock, which would raise some $100 million as of Friday’s closing price. (And, of course, there was more turmoil in recent days with the tragic suicide of Chief Financial Officer Gustavo… Source link

By Kanishka Singh and Akriti Sharma (Reuters) – Bed Bath & Beyond Inc’s chief financial officer fell to his death from New York’s Tribeca skyscraper known as the “Jenga” tower on Friday afternoon, police said, just days after a lawsuit alleged he was involved in a “pump and dump” scheme. Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble, according to his LinkedIn profile. On Friday at… Source link