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 Reportedly Preparing for Bankruptcy Filing
It appears that the retailer Bed Bath & Beyond failed in its attempts to avoid bankruptcy. According to a report by Wall Street Journal, the company is currently “preparing” to file for Chapter 11 and is expected to do so as early as this...
Bed Bath & Beyond to Seek Approval for Reverse Stock Split
Struggling retailer Bed Bath & Beyond is making another significant move in an attempt to avoid bankruptcy. In a press release made on Friday, the company announced its plans to seek approval from its shareholders for a reverse stock split.
The proposed split is set...
Netflix Up, Nordstrom Down During After-Hours Trading
Netflix shares advanced during after-hours trading on Thursday while Nordstrom and Bed Bath and Beyond fell.
Netflix's rise came after the release of its fourth-quarter financial results. While the streaming platform's revenue was $7.85 billion—falling short of $7.86 billion—its addition of 7.66 million subscribers far...
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...