Bed Bath & Beyond Warns Of Potential Bankruptcy
View Source | January 5, 2023 2:38 pm
- The home-goods giant Bed Bath & Beyond says it’s running out of money and may need to file for bankruptcy protection — or worse.
- Its stores have seen fewer shoppers and declining sales as the retailer has struggled to find its footing in recent years through a series of poorly timed or otherwise lackluster turnaround strategies.
- Now Bed Bath & Beyond “has concluded that there is substantial doubt about the company’s ability to continue as a going concern,” the retailer said on Thursday.
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