See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Bed Bath & Beyond shares plummet after company warns of potential bankruptcy

Posted on AllSides January 5th, 2023
From The Center
Business, Bed Bath & Beyond
Joe Raedle | Getty Images News | Getty Images

Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy.

The embattled home goods retailer is having trouble getting enough merchandise to fill its shelves and is drawing fewer customers to its stores and website.

It anticipates a net loss of about $385.8 million for the third quarter, a nearly 40% jump in losses year over year.

Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy.

The retailer, citing worse-than-expected sales, issued a “going concern” warning that in the upcoming months...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://www.cnbc.com/2023/01/05/bed-bath-beyond-shares-plummet-as-company-warns-of-deeper-financial-troubles.html

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right