Why These Three Retail Stocks Got Clobbered in March -- and Why One Fared Better than the Others [The Motley Fool]
Bed Bath & Beyond, Inc. (BBBY)
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm
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Source: The Motley Fool
What happenedShares of retail chainsBed Bath & Beyond(NASDAQ:BBBYMacy'sNYSE:MUlta BeautyNASDAQ:ULTAWith stores closed, all three took big hits to revenue -- and to their stock prices, Global Market IntelligenceBed Bath & Beyond's shares fell 6.% in March.Ulta Beauty's share price fell .7%.YChartsSo whatHere's how the month of March played out for each of these three retailers.The company was already struggling with operational challenges when the month began. New CEO Mark Tritton laid out acredible turnaround plan in Januaryclosed all but 7 of its roughly ,0 storesWhile the company insists that it has adequate cash to ride out the crisis ($. billion as of the end of January, along with an additional $0 million available via its credit lines), credit-rating analysts haven't been impressed: Standard & Poor'scut Bed Bath & Beyond's credit ratingImage source: Macy's.Macy's had also been struggling before the pandemic's arrived in the U.S. Like Bed Bath & Beyond, it also announced a turnar
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- Sleep Country Canada charting revival of Bed Bath & Beyond next year [Yahoo! Finance Canada]Yahoo! Finance Canada
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