Bed Bath & Beyond on Brink of Chapter 11

Bed Bath & Beyond on Brink of Chapter 11


Bed Bath & Beyond (BBBY) continues its slow decline into bankruptcy with the announcement of another round of 87 store closures as the struggling retailer attempts to stay afloat.
The Feb. 1 announcement of 87 planned store closures follows a list of 150 Bed Bath and Beyond closures that was announced last August.
The new list will include 5 buybuy Baby locations, all 49 remaining Harmon health and beauty stores, plus several of its flagship-brand stores across the country.
The home goods retailer admitted in January that net sales had fallen 33 percent, to $1.3 billion, for its latest quarter ending Nov. 26, compared with the same period a year ago, and that it was running out of options to …

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend