![]() ![]() Aside from 150 store closures, the company plans to lay off even more corporate workers.īrian Sozzi is an editor-at-large and anchor at Yahoo Finance. In an approximately 10-minute earnings call with no analyst questions, Gove outlined $80 million to $100 million more in cost cuts. How New CEOs at Struggling Retailers Are Doing This Year Sunday, 12 February 2023 fool. The company ended the holiday quarter with only $153.1 million in cash on the balance sheet, a position that has vendors nervous to the point they are withholding shipments to the company or raising credit terms. PRESS DIGEST- Wall Street Journal - March 31. ![]() And again, all of this is an extension of. This is a stock that rocketed higher yesterday. REUTERS/Keith Bedford (UNITED STATES - Tags: BUSINESS)ĬEO Sue Gove reiterated on Tuesday that all options remain on the table to save the retailer.īed Bath & Beyond's quarterly sales crashed 33% from the prior year, leading to a $225 million adjusted operating loss. And of course, want to call attention to Bed Bath and Beyond. At the current price of 2.80, BBBY stock reached its low level in 29 years, since 1993. ![]() But today brought some of the worst news yet when Bed Bath & Beyond hit its lowest price not just of the year but of the century. A shopper carries her bags as she leaves a Bed, Bath, and Beyond in New York, June 23, 2010. Even with multiple noteworthy surges, BBBY stock is still down more than 81 for the year. ![]()
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