Bed Bath & Beyond, which recently failed to raise $300 million in capital amid plunging sales and share price, filed for Chapter 11 bankruptcy.
Neil Saunders, managing director of analytics company GlobalData, said the company’s supply chain operations were poorly managed, with some shelves were stuffed to the brim while others were bare. The coupons that are nearly synonymous with Bed Bath & Beyond became a necessary evil, bringing in customers but hurting the company’s bottom line.
Bed Bath & Beyond did get a boost during the wave of consumer spending during the pandemic — when Americans spent more time at home
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