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Bed, Bath, & Beyond To File For Bankruptcy 'Within Weeks'
[ZERO] Bed Bath & Beyond shareholders' day just went from worst to worsterer...After the stock closed down 30% today (following the company saying it was running low on funds and considering several options), The Wall Street Journal is reporting that, according to people familiar with the matter, BBBY is preparing to file for bankruptcy within weeks after the home-goods retailer said that sales for its third quarter, which ended in November, are expected to fall by nearly a third and that losses are expected to widen nearly 40% to $385.8 million. BBBY shares are trading at their lowest level in 30 years... Posted by: Besoeker 2023-01-06 |
| http://www.rantburg.com/poparticle.php?ID=654685 |