• News Categories
    ▼
    • Surveillance & Technology
    • U.S. News & Reports
    • International News
    • Finance
    • Defense & Security
    • Politics
    • Videos
  • Blog
  • Directory
  • Support Us
  • About
  • Contact

T-Room

The Best in Alternative News

  • News Categories
    • Surveillance & Technology
    • U.S. News & Reports
    • International News
    • Finance
    • Defense & Security
    • Politics
    • Videos
  • Blog
  • Directory
  • Support Us
  • About
  • Contact

January 6, 2023 at 4:57 pm

Bed, Bath & Beyond, Bankruptcy…

Bed_Bath_and_Beyond_GettyImages_Justin_Sullivan
ParlerGabTruth Social

by Melissa Repko and Lillian Rizzo at CNBC

  • Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy.
  • The embattled home goods retailer is having trouble getting enough merchandise to fill its shelves and is drawing fewer customers to its stores and website.
  • It anticipates a net loss of about $385.8 million for the third quarter, a nearly 40% jump in losses year over year.

Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy.

The retailer, citing worse-than-expected sales, issued a “going concern” warning that in the upcoming months it likely will not have the cash to cover expenses, such as lease agreements or payments to suppliers. Bed Bath said it is exploring financial options, such as restructuring, seeking additional capital or selling assets, in addition to a potential bankruptcy.

Shares of the company fell about 30% to close the day at $1.69 after Bed Bath issued the updates in a pair of financial filings. The stock earlier touched a 52-week low earlier in the day. Its market value has fallen to about $149 million as of Thursday’s close…
ParlerGabTruth Social
Continue Reading
This website lives off the kindness of your donations. If you would like to support The T-Room please visit our PayPal.

Editor’s Picks

BRINGING THE HOSTAGES HOME: Trump and Rubio, With the Help of El Salvador’s Bukele, Secure the Release of All ‘Wrongfully Detained’ Americans in Venezuela…

A MUST WATCH: Tucker Carlson and Darryl Cooper on the True History of Jeffrey Epstein and Ongoing Cover-Up…

MANDELSON’S REVENGE: How Britain’s New Ambassador Plans to DESTROY Trump’s Economic Revolution…

The Director of National Intelligence Walks You Through the Creation of the Russia Hoax…

NEW EVIDENCE OF OBAMA ADMINISTRATION CONSPIRACY TO SUBVERT PRESIDENT TRUMP’S 2016 VICTORY AND PRESIDENCY…

Any publication posted at The T-Room and/or opinions expressed therein do not necessarily reflect the views of The T-Room. Such publications and all information within the publications (e.g. titles, dates, statistics, conclusions, sources, opinions, etc) are solely the responsibility of the author of the article, not The T-Room.

Twitter Icon

View Old Archives

Copyright © 2025 T-Room

Site by Creative Visual Design