Bed Bath and Beyond closing 87 stores. See the list [CNN]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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bedbathandbeyond.com
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Source: CNN
New YorkCNNBed Bath and BeyondThese closures are in addition to the150 closures Bed Bath and Beyond“As we continue to work with our advisors to consider multiple paths, we are implementing actions to manage our business as efficiently as possible,” a Bed Bath and Beyond spokesperson told CNN. “This store fleet reduction expands the company’s ongoing closure program.”A company spokesperson also confirmed Wednesday night that it missed a bond payment on February 1, and that it entered a month-long grace period. Debtors will often have a 30-day grace period to make payments before they enter default.“We are committed to updating all stakeholders on our plans as they develop and finalize,” the spokesperson said.The spokesperson did not confirm the amount Bed Bath and Beyond owes. However, the Wall Street JournalreportedFounded in 1971, Bed Bath & Beyond became a staple for affordable home decor, kitchenware and college dorm room furniture. The retailer became known for its ubiquitous 20%
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