Bed Bath & Beyond news and archive

Hollywood, Skims and accountability: Top 11 US stories for 2023

There is no denying that 2023 has been a turbulent year for the US fashion market, as declining consumer confidence continued to take hold of the region and impact wider sales. No matter, while some large-scale conglomerates attempted to build up their defences through turnaround strategies, there were some positives for the industry, namely in...

Business

Bed Bath & Beyond falls into bankruptcy, begins to wind down business

Bed Bath & Beyond has filed voluntary petitions for relief under Chapter 11 in a US bankruptcy court as it begins to wind down its business, as outlined in a release. The company did note that its 360 Bed Bath & Beyond stores, its 120 Buybuy Baby stores and its websites will continue to operate and serve customers while the process to close down...

Business

Bed Bath & Beyond seeks to reverse stock split plan

Bed Bath & Beyond has announced that it is looking to approve a reverse stock split, a move that sent its shares plummeting by 13 percent. The company said it is planning to hold a special meeting of shareholders on March 27 in an attempt to achieve the approval, seeking to split at a ratio in the range of 1-for-5 to 1-for-10, with the ratio to...

Business

Bed Bath & Beyond report falling sales following bankruptcy warning

Following an initial warning that the company had been weighing bankruptcy, Bed Bath & Beyond published its financial statement for Q3 2022, with a loss in net sales starkly prominent among the results. The lifestyle retailer said its net sales of 1.259 billion dollars declined 33 percent, citing its lower in-stock position and decrease in...