![]() As the outlet noted, “Bondholders are wary about a potentially coercive exchange deal that raises new secured debt but weakens other creditors’ claims on Bed Bath & Beyond’s assets, people familiar with the matter said.” Closing numerous stores doesn’t seem to be helping its inventory problems, though.Īdditionally, the WSJ has reported that in October, the company’s bondholders moved to organize out of concern for Bed Bath’s future. But since then, even more reports of stores shutting down have surfaced, often in popular areas such as New York City and Silicon Valley. In September 2022, the company announced plans to close 150 stores across the U.S. ![]() According to DataWeave, the analytics firm supplying this data, that number has almost doubled since the year’s first half. Leading up to Black Friday 2022, the Wall Street Journal reported that more than 40% of the retailer’s inventory was out of stock. It has been dealing with supply-chain problems for weeks as it struggles to keep shelves stocked for the holiday shopping season. yoZsG4u4lNĪs Macke highlights, the company is under tremendous strain. They're going to need more Call to Action parties for suppliers. Financial commentator Jeff Macke tweeted the following earlier today: Hitting a century low is hardly the worst of the problems pushing BBBY stock down. ![]() It recovered from that plunge but this year, things don’t look so good. In fact, the stock wouldn’t dip by too much until the events that sparked the stock market crash of 2008. As noted, it traded at roughly $2.80 around July 1993 before rising and continuing to climb. Bed Bath & Beyond began trading on the Nasdaq in 1992.
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