Posted on Feb 2, 2023
Bed Bath and Beyond is closing 87 more stores. See the list | CNN Business
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As of February 2023, more stores are closing...
Bed Bath and Beyond is closing 87 more stores. See the list | CNN Business
Posted from cnn.com
Business
Retail
Posted 1 y ago
Responses: 2
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My wife and I have often wondered how they stay open based on the traffic at a store near us. Having said that, we really wish they would stay open
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LTC Eugene Chu
..."Last week, the company warned in a regulatory filing that it received a notice of default from its lender, JPMorgan Chase. The company said that “at this time, the company does not have sufficient resources to repay the amounts under the credit facilities and this will lead the company to consider all strategic alternatives, including restructuring its debt under the US Bankruptcy Code.”
Bed Bath and Beyond defaulted “on or around” January 13, according to the Securities and Exchange Commission filing. It could be forced to file for Chapter 11 bankruptcy reorganization due to its financial woes."...
..."Last week, the company warned in a regulatory filing that it received a notice of default from its lender, JPMorgan Chase. The company said that “at this time, the company does not have sufficient resources to repay the amounts under the credit facilities and this will lead the company to consider all strategic alternatives, including restructuring its debt under the US Bankruptcy Code.”
Bed Bath and Beyond defaulted “on or around” January 13, according to the Securities and Exchange Commission filing. It could be forced to file for Chapter 11 bankruptcy reorganization due to its financial woes."...
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