Bed Bath & Beyond to close 87 more stores, including 3 Maryland locations [CBS News]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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Source: CBS News
In August, the company announced it that were underperforming across the U.S. in a bid to cut costs amid declining sales. It will also close its entire chain of Harmon drugstores as well as five Buybuy Baby stores, the company said in a statement to CBS MoneyWatch. Bed Bath & Beyond said it is working with its advisors "to consider multiple paths" to allow it to run the business as efficiently as possible. GlobalData analyst Neil Saunders last year noted in a research report that the chain's stores are "rather messy and lack basic merchandising discipline." Bankruptcy likely Bed Bath & Beyond is expected to file for bankruptcy soon as it struggles to raise capital to reorganize its business. Earlier this month, Bed Bath & Beyond defaulted on its loans and said it couldn't afford to repay its debt. The home goods chain disclosed the default in a securities filing and indicated that it was considering restructuring its debt in bankruptcy court. The company had already war
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