Bed Bath & Beyond Terminates Hudson Bay Deal, Turns to Market To Raise $300 Million [Yahoo! Finance News]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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Source: Yahoo! Finance News
Bed Bath & Beyond disclosed preliminary results showing comparable sales fell 40% to 50% in its fourth quarter from a year ago.Photo:ByAlexander GladstoneUpdated March 30, 2023 10:46 am ET|Bed Bath & Beyond Inc. on Thursday launched an effort to sell up to $300 million of common stock while it terminated its previous fundraising deal with hedge fund Hudson Bay Capital LP amid a continued decline in sales, the company said.The proceeds will go to fund inventory as the retailer turns around its business through cost cutting including closing stores, the company said.Continue reading your article withAlready a subscriber?Resume SubscriptionWe are delighted that you'd like to resume your subscription.You will be charged $Customer ServicePlease click confirm to resume now.
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