Days after disclosing bankruptcy is a real possibility, Bed Bath & Beyond, on Tuesday, will update investors on what’s ahead for the embattled home retailer which has been plagued with falling sales, allegations of financial fraud which surfaced following the suicide of its CFO and mounting store closures.
Home goods retailer Bed Bath & Beyond used to be on solid footing. Now it’s warning investors it might be headed for bankruptcy and has announced store closings, and its stock has seen deep declines.
From a failed merchandising strategy to activist investor pressure over overpayed executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the last few years.. | January 6, 2023
Bed Bath & Beyond, the beleaguered home goods retailer, warned investors Thursday about the darkening prospects for its future, saying that bankruptcy was possible.