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...
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...
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'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...
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...
