Bed Bath & Beyond shares plummet after company warns of potential bankruptcy
Posted on AllSides January 5th, 2023
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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...
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