Signage is seen through an overturned shopping cart outside a Bed Bath & Beyond Inc. store in Greendale, Wisconsin. Daniel Acker | Bloomberg | Getty Images Bed Bath & Beyond said Thursday it doesn’t have enough cash to pay down its debts and it has defaulted on its credit line with JP Morgan, warning once … Read more
A&E care will never improve unless the Government and NHS focus on reducing “hideously high” bed occupancy rates in hospitals, the president of the Royal College of Emergency Medicine (RCEM) has warned. Dr Adrian Boyle told MPs on the Health and Social Care Committee that extra investment announced by the Government in recent weeks to … Read more
Over half of pet owners admit to sleeping alongside their dogs. While there are many benefits to snoozing with your canine companion, some vets warn it can be a risky business, especially in the winter months. One of the main concerns is overheating. During cold spells, dogs are more likely to snuggle in your bed … Read more
Bed Bath & Beyond expects to report net sales of $1.26 billion for the third quarter ended November 26. That would be a 32 percent drop from a year earlier. It also anticipates a net loss of roughly $385.8 million for the third quarter, wider than its loss of $276.4 million in the year-earlier period. … Read more
NEW YORK — Beleaguered Bed Bath & Beyond warned on Thursday that it may need to file for bankruptcy protection as it struggles to attract shoppers. The Union, New Jersey-based home goods retailer said that it’s looking at several options, including selling assets or its restructuring business in bankruptcy court. But it acknowledged that even … Read more
NEW YORK — Beleaguered Bed Bath & Beyond warned on Thursday that it may need to file for bankruptcy protection as it struggles to attract shoppers. The Union, New Jersey-based home goods retailer said that it’s looking at several options, including selling assets or its restructuring business in bankruptcy court. But it acknowledged that even … Read more
Bed Bath & Beyond, the US home goods chain, has warned that there is substantial doubt about its ability to continue as a going concern, raising the prospect of one of the country’s largest retail bankruptcies since the start of the pandemic. The company, which has almost 1,000 stores, told investors it was considering strategic … Read more
Bed Bath & Beyond expects to report net sales of $1.26 billion for the third quarter ended November 26. That would be a 32 percent drop from a year earlier. It also anticipates a net loss of roughly $385.8 million for the third quarter, wider than its loss of $276.4 million in the year-earlier period. … Read more
(The Hill) — Bed Bath & Beyond (BB&B) reported concerning economic figures on Thursday, warning investors that bankruptcy may be on the horizon, which sent the company’s stock price plummeting. Preliminary earnings reported by BB&B showed slowing sales, with the $1.3 billion figure for the third quarter being about a third lower than the year … Read more
Dive Brief: Bed Bath & Beyond on Thursday issued a “going concern” warning based on recurring losses, negative cash flow from operations, and its current cash and liquidity projections. The retailer continues to eye strategic alternatives, including restructuring or refinancing its debt, seeking additional debt or equity capital, pulling back on or delaying other business … Read more