12/27/2023 0 Comments Bed bath and beyond hours el pasoSales at stores opened at least a year - a key indicator of a company’s health - dropped 32%.Įx-White House lawyer says Supreme Court could rule ‘9-0’ in possible Trump. A week later, it reported a 33% drop in sales and a widening loss for its fiscal third quarter that ended Nov. 5 that it was considering options including filing for bankruptcy, saying that there was “substantial doubt” that it could stay in business. The filing included some of the other strategies Bed Bath & Beyond is employing to improve its financial position, such as lowering costs, trimming capital expenditures, trying to rework rental deals with landlords and reducing the footprint of its stores, as well as the caveat that “these measures may not be successful.”īed Bath & Beyond warned on Jan. Last Thursday, Bed Bath & Beyond said in a Securities and Exchange Commission filing that it had defaulted on its loans, which may force it to consider restructuring its debt in bankruptcy court. Impacted store locations were not immediately available Monday. “We will update all stakeholders on our plans as they develop and finalize.” “This store fleet reduction expands the Company’s ongoing closure program of approximately 150 lower-producing Bed Bath & Beyond banner stores,” a spokesperson told Nexstar. Bed Bath & Beyond to close additional stores: Here’s whereīed Bath & Beyond said the closures are being done to increase efficiency as the company works with advisors to “consider multiple paths” as the retailer tries to turn the business around.
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