Why Bed Bath And Pier 1 Are Two Sides Of The Same Retail Coin [Forbes]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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Source: Forbes
Why Bed Bath And Pier 1 Are Two Sides Of The Same Retail Coin The clouds keep getting darker for both Pier 1 and Bed Bath & Beyond.(AP Photo/Nati Harnik) ASSOCIATED PRESS In perhaps the strongest, most robust market for home furnishings in at least a decade, two national retailers who do nothing but sell into that sector are colossally stumbling, not necessarily in danger of going under but certainly on the brink of serious disaster. For Bed Bath & Beyond and Pier 1, the retail clock is ticking…and ticking loudly. While each company has a balance sheet that won’t necessarily tip it into bankruptcy territory, investors, suppliers and – most importantly – paying customers – are running out of patience and increasingly turning their credit cards elsewhere. Each retailer is putting up absolutely dismal sales numbers with comp store sales in glaring red ink. And each is trying to put together a turnaround plan that will get it back to positive territory. But each also carries relatively lo
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