Article

2023-01-06 Economy

Bed, Bath, & Beyond To File For Bankruptcy 'Within Weeks'

[ZERO] Bed Bath & Beyond shareholders' day just went from worst to worsterer...

After the stock closed down 30% today (following the company saying it was running low on funds and considering several options), The Wall Street Journal is reporting that, according to people familiar with the matter, BBBY is preparing to file for bankruptcy within weeks after the home-goods retailer said that sales for its third quarter, which ended in November, are expected to fall by nearly a third and that losses are expected to widen nearly 40% to $385.8 million.

BBBY shares are trading at their lowest level in 30 years...

Posted by Besoeker 2023-01-06 02:19|| || Front Page|| [19 views ] Top

#1
The wife and my credit card have enjoyed the drastic price cuts at BBB. She picked up a bunch of stuff at 50 to 75% off. Which in a way kinda indicates the ridiculous markup at these stores

Also noted in 2017-2019 how it halted sales of several Conservative Brand related products (eg. My Pillow)

Is Kohl’s, next?
52-wk high $64.+/-
Closed at $26. +/- yesterday
for a loss of about -59.44%

It seems playing political & social games is a business revenue killer.

Posted by NN2N1 2023-01-06 05:48|| 2023-01-06 05:48|| Front Page Top

#2 This the second or third bankruptcy?

Posted by Procopius2k 2023-01-06 06:54|| 2023-01-06 06:54|| Front Page Top

#3 Keep an eye on Helen of Troy (HELE) as well. If it's still trading above $100/share by the end of February, I'll be surprised.

Granted, in this economy, the consumer discretionary sector is going to take some hits, but if they are highly leveraged on cheap money, then imagine if they need more money with rising interest rates.

Zero sympathy for BBBY.

Posted by DooDahMan 2023-01-06 08:18|| 2023-01-06 08:18|| Front Page Top

#4 Hey, the Corp officers got their feels and affirmation which was the whole point. Damn shame for those employees though.

Posted by Rex Mundi 2023-01-06 10:18|| 2023-01-06 10:18|| Front Page Top

#5 Where will I buy their As Seen On Television product line?

Posted by Super Hose 2023-01-06 12:19|| 2023-01-06 12:19|| Front Page Top

#6 Well, if you could still find a mall, there was actually a chain of As Seen On TV stores. Now you can buy online.

Posted by M. Murcek 2023-01-06 12:21|| 2023-01-06 12:21|| Front Page Top

#7 Menards.com.

It appears they may have a kiosk "thingie" going with As Seen on TV.

You can get yourself some MyPillow products there along with your roll-pins and Old Mill munchie stompers!

Posted by Anomalous Sources 2023-01-06 20:14|| 2023-01-06 20:14|| Front Page Top

10:42 trailing wife
10:34 Besoeker
10:33 trailing wife
10:32 Besoeker
10:28 Anon1
10:27 DooDahMan
10:26 Grom the Reflective
10:24 Grom the Reflective
10:23 swksvolFF
10:22 Grom the Reflective
10:21 Anon1
10:17 swksvolFF
10:14 Grom the Reflective
10:12 Grom the Reflective
10:12 Besoeker
10:10 Procopius2k
10:10 Deacon+Blues
10:08 Procopius2k
10:08 M. Murcek
10:06 Procopius2k
10:04 Besoeker
10:04 swksvolFF
10:04 Procopius2k
10:04 Deacon+Blues