The popular N.J.-based retailer operates over 700 stores nationwide
Bed Bath and Beyond is considering several options to manage its financial woes, including restructuring and refinancing its debt, selling assets — and obtaining relief under the U.S Bankruptcy Code. However the company doubts these steps will be successful.
Bed Bath & Beyond expects to report a 33% sales decline in 2022′s third fiscal quarter and a net loss of $386 million. This latest announcement follows the retailer’s plans to close about 150 stores and lay off about 20% of its corporate employees
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