An Indianapolis suburb is losing a location.
Georgetown Professor Nada Eissa explains why she believes the Fed’s actions to get inflation under control will likely lead to a recession.Bed Bath & Beyond announced another round of store closures affecting 30 states.Buybuy Baby stores and Harmon, both owned by the retailer, were also included on the list.Tuesday that it will shutter hundreds of stores amid talks of filing for bankruptcy protection.
The retailer — which also operates buybuy Baby stores and Harmon — will close 62 Bed Bath & Beyonds in addition to thewere also named on the company's list and liquidation sales are underway.The company said it was on track to cut $500 million in costs in its third-quarter fiscal report, which revealed a net sales decline of 33% to $1.26 billion over the prior year on $393 million in losses.
The decline in net sales versus last year was driven by"lower customer traffic and reduced levels of inventory availability, among other factors," the company said in a public The retailer expressed uncertainty of its fate, adding that the company faces"substantial doubt" about its ability to continue operating on its own.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bed Bath & Beyond to close Strongsville store as retailer’s struggles continueBed Bath & Beyond has closed more than 100 locations across the nation as it struggles with slumping sales.
Leer más »
Bed, Bath & Beyond plans layoffs, store closings as sales fallBed Bath & Beyond’s fiscal third-quarter sales fell by a third. Its 'survival now looks unlikely,' an analyst said.
Leer más »
UBS sees these retail stocks winning from a potential Bed Bath & Beyond bankruptcyDoubts about Bed Bath & Beyond's future opens a door for other retailers to pick up market share, says UBS
Leer más »
Bed, Bath & Beyond rebounds in meme-stock rallyShares of Bed, Bath & Beyond Inc rebounded sharply in high volume trading on Monday amid speculation by retail investors that the struggling home goods seller might be a potential acquisition target.
Leer más »
Bed Bath & Beyond’s day of reckoningDays after disclosing bankruptcy is a real possibility, Bed Bath & Beyond, on Tuesday, will update investors on what’s ahead for the embattled home retailer which has been plagued with falling sales, allegations of financial fraud which surfaced following the suicide of its CFO and mounting store closures.
Leer más »