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Business

“Bed Bath & Beyond employees sue over 401(k) plan losses”

“Employees of the former Bed Bath & Beyond on Thursday sued the committee that oversaw its 401(k) retirement plan, saying its “imprudence” caused them to suffer millions of dollars in losses after the home furnishings retailer filed for bankruptcy. The… Continue Reading…

Business

“Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores”

“Bed Bath & Beyond is expected to be dissolved after the failed retailer declared bankruptcy, but the company’s crown jewel — Buy Buy Baby — may live to see another day… The interested parties include an unknown bidder, who would purchase… Continue Reading…

Business, Stocks

“Bed Bath & Beyond proposes reverse stock split as it struggles to avoid bankruptcy”

“Bed Bath & Beyond wants shareholders to approve a reverse stock split at an upcoming special meeting, as the retailer keeps working to avoid filing for bankruptcy, according to a securities filing late Wednesday.  The retailer’s board is calling on… Continue Reading…

Business

“Bed Bath & Beyond again warns of bankruptcy if new stock offering doesn’t pay off”

“Bed Bath & Beyond is warning of a bankruptcy filing — again — if a proposed $300 million stock offering doesn’t pay off. The beleaguered retailer said in a securities filing Thursday that its lenders downsized its loan. If it… Continue Reading…

Business

“Bed Bath & Beyond defaults on credit line, warns it can’t pay down debts”

“Bed Bath & Beyond said Thursday it doesn’t have enough cash to pay down its debts and it has defaulted on its credit line with JPMorgan, warning once again of a potential bankruptcy. Shares of Bed Bath plunged Thursday afternoon,… Continue Reading…

Business

“Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan”

“Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers… Bed Bath reiterated its full-year outlook, saying it anticipates comparable sales to decline by about 20%… Continue Reading…

Economy, Stocks

“Bed Bath & Beyond shares dive more than 25% as supply chain issues hit sales, inflation eats into profits”

“…Here’s how Bed Bath & Beyond did in its second quarter ended Aug. 28 compared with what Wall Street was expecting, based on a Refinitiv survey of analysts: Earnings per share: 4 cents adjusted vs. 52 cents expected Revenue: $1.99… Continue Reading…

Stocks

“Bed Bath & Beyond, AMC rally with GameStop as little investors squeeze hedge funds in more stocks”

“Shares of Bed Bath & Beyond are popping 36% and shares of AMC Entertainment are soaring 30% on Monday, as individual investors pile into the names while hedge funds rush to cover their losses from shorting the stocks. The pair… Continue Reading…