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Bed Bath & Beyond has filed for Chapter 11
Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Friday, a year after the US-based home furnishings chain was first warned of bankruptcy by its lenders. The company, founded in 1888, had spent $1 billion to buy back its stock after being hit by the coronavirus pandemic. The company had announced it was…
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Bed Bath & Beyond stores are closing, but will be open for a while
Bed Bath & Beyond on Tuesday reported a net profit of $186 million for the third quarter, helped by an increase in its sales at stores open at least one year. It added it will have over 350 stores by the end of the year. This is the first time since 2016 that physical store…
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There are 61 non-Amazon deals for Prime Day
Bed Bath & Beyond is offering 20% discount on select items during its Beyond Big Sale. The Beyond Big Sale ends on November 28. Girlfriend Collective, a size-inclusive athleisure brand, is offering tiered discounts with a minimum of 30% off sitewide, plus a free gift with purchase over $100, now through January 8. If you’re…
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It’s the best online sales right now
Bed Bath & Beyond is hosting Beyond Big Sale through October 16 that will offer up to 20% off kitchen appliances, dining-decor and other goods. Additionally, during the sale, select items will be 50% off. Customers will also have the option to win a $100 Bed Bath & Beyond gift card. The sale ends at…
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Bed Bath & Beyond is a retail pioneer
US-based bed and kitchen retailer Bed Bath & Beyond has announced that it’s closing all its stores in the country due to the coronavirus pandemic. The company also said that its lenders are unable to complete a restructuring or refinance, which will lead to further impairments of goodwill and other assets. Founded in 1971, Bed…
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Bed Bath & Beyond closes stores and raises $1 billion to stay out of Chapter 11
US home goods retailer Bed Bath & Beyond has said it expects first-quarter sales to be down by about 30%-40%. The company has already closed over 300 stores over the course of the last year, according to a regulatory filing late Monday. It added it expects sales to go down by about a third because…