(NEXSTAR) – Bed Bath & Beyond has announced another round of store closures after the company warned last week that it may need to file for bankruptcy. Bed Bath & Beyond announced its plans to close 150 namesake stores in August, with now-President and CEO Sue Gove calling it a “back to basics” philosophy aimed … Read more
A week after announcing it was looking into strategic alternatives — including a potential bankruptcy filing or a sale of the company — Bed Bath & Beyond has begun layoffs to cut costs. “As part of our turnaround plan, we are reevaluating all aspects of our enterprise and resetting elements of our foundation. As our … Read more
(AP) – Bed Bath & Beyond’s fiscal third-quarter sales fell by a third as the home goods company struggles to strike the right balance with its shoppers, a sign of its worsening outlook. The company, which has already been cutting costs, said Tuesday it will slash an additional $80 million to $100 million across the … Read more
(AP) – Bed Bath & Beyond’s fiscal third-quarter sales fell by a third as the home goods company struggles to strike the right balance with its shoppers, a sign of its worsening outlook. The company, which has already been cutting costs, said Tuesday it will slash an additional $80 million to $100 million across the … Read more
(AP) – Bed Bath & Beyond’s fiscal third-quarter sales fell by a third as the home goods company struggles to strike the right balance with its shoppers, a sign of its worsening outlook. The company, which has already been cutting costs, said Tuesday it will slash an additional $80 million to $100 million across the … Read more
PHOENIX (3TV/CBS 5/AP) — Struggling retailer Bed, Bath and Beyond has announced it is closing five Arizona stores as part of the latest round of layoffs. An updated list released by the retailer showed closures for the following five locations, three of which are in metro Phoenix: 2039 N Power Road, Mesa, AZ 85215 34750 … Read more
“While we have taken several important initial steps in our turnaround plan with strong execution, our Q3 2022 results signal that it will take longer to translate actions into outcomes,” Grove wrote in an email obtained by CNBC. “As our strategic direction changes and we streamline our operations, it’s necessary to right-size our organization to … Read more
SUNNYVALE — A tech company and a high-profile retailer are among the latest companies to reveal staffing cutbacks that are poised to erase jobs held by workers in the Bay Area, official state filings show. Quanergy, which has developed new uses for lidar technology; and Bed Bath & Beyond, a high-profile retailer, are included in … Read more
SUNNYVALE — A tech company and a high-profile retailer are among the latest companies to reveal staffing cutbacks that are poised to erase jobs held by workers in the Bay Area, official state filings show. Quanergy, which has developed new uses for lidar technology; and Bed Bath & Beyond, a high-profile retailer, are included in … Read more
SUNNYVALE — A tech company and a high-profile retailer are among the latest companies to reveal staffing cutbacks that are poised to erase jobs held by workers in the Bay Area, official state filings show. Quanergy, which has developed new uses for lidar technology; and Bed Bath & Beyond, a high-profile retailer, are included in … Read more