Tag: Bed Bath & Beyond sales
Bed Bath & Beyond Files Bankruptcy
Bed Bath & Beyond Inc. has filed for Chapter 11 bankruptcy in the State of New Jersey, a court filing revealed. According to the filing, the company's assets and liabilities both lie in the region of $1 billion to $10 billion, with its number...
Bed Bath & Beyond Announces Possible Closure If Losses Persist
In a statement published on Thursday, Bed Bath & Beyond announced that bankruptcy could be an option should the company continue to experience its ongoing financial struggles. The retailer's shares were down 17% following the statement's release.
"The Company continues to consider all strategic alternatives...
Goldman Sachs Puts $2 Price Tag on Bed Bath & Beyond Stock
Bed Bath & Beyond stock (BBBY) has been in free fall in recent months due to the company’s struggles and poor results in 2022. The BBBY is currently at $6.09 per share, around 60% down year-to-date, but experts say even this is too high...
Bed Bath & Beyond Plummets Before Investor Presentation Following Press Release
Bed Bath & Beyond's stock tanked by more than 24% during pre-market trading on Wednesday following an SEC Filing and a press release during which the company outlined its plan to manage the losses from its rapid decline in sales.
Initially, positive news was expected...
Bed Bath & Beyond Plunges More Than 19 Percent After CEO Change
Troubling sales in the last quarter have prompted retailer Bed Bath & Beyond to make a change at the CEO position. The company announced on Wednesday that Mark Tritton would leave his position as CEO and seat on the board, with board member Sue...