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Bed Bath files for bankruptcy


csrcsr

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Bed Bath & Beyond filed for bankruptcy protection in New Jersey on Sunday after a series of floundering turnaround efforts. The home goods retailer first warned of a bankruptcy in January, and has since tried closing stores, cutting jobs and tapping new sources of funding in a bid to shore up its financing. The chain — which has long been losing customers to competitors and struggling to stock its stores — listed both its estimated assets and liabilities in the range of $1 billion and $10 billion, according to a court filing.

 

  • Bed Bath & Beyond will close all of its 360 Bed Bath & Beyond and 120 Buybuy Baby locations and liquidate inventory over the next two months.
  • The company's stock became a popular "meme stock" for individual investors during a 2021 trading frenzy.
 
 
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1 minute ago, csrcsr said:
 

Bed Bath & Beyond filed for bankruptcy protection in New Jersey on Sunday after a series of floundering turnaround efforts. The home goods retailer first warned of a bankruptcy in January, and has since tried closing stores, cutting jobs and tapping new sources of funding in a bid to shore up its financing. The chain — which has long been losing customers to competitors and struggling to stock its stores — listed both its estimated assets and liabilities in the range of $1 billion and $10 billion, according to a court filing.

 

  • Bed Bath & Beyond will close all of its 360 Bed Bath & Beyond and 120 Buybuy Baby locations and liquidate inventory over the next two months.
  • The company's stock became a popular "meme stock" for individual investors during a 2021 trading frenzy.
 
 

@Vaampire

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  • 8 months later...

The decision to close all 360 Bed Bath & Beyond and 120 Buybuy Baby locations and liquidate inventory over the next two months is a substantial step and reflects the magnitude of their financial difficulties. In times like these, it's essential to explore various investment options and financial strategies to secure your future. One avenue worth considering is checking out the requirements for EB-5 investors, which allows foreign investors to obtain U.S. green cards by investing a certain amount of capital in job-creating projects in the United States.

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On 4/23/2023 at 12:28 PM, csrcsr said:
 

Bed Bath & Beyond filed for bankruptcy protection in New Jersey on Sunday after a series of floundering turnaround efforts. The home goods retailer first warned of a bankruptcy in January, and has since tried closing stores, cutting jobs and tapping new sources of funding in a bid to shore up its financing. The chain — which has long been losing customers to competitors and struggling to stock its stores — listed both its estimated assets and liabilities in the range of $1 billion and $10 billion, according to a court filing.

 

  • Bed Bath & Beyond will close all of its 360 Bed Bath & Beyond and 120 Buybuy Baby locations and liquidate inventory over the next two months.
  • The company's stock became a popular "meme stock" for individual investors during a 2021 trading frenzy.
 
 

long overdue. Somehow Kohls is surviving and doing OK

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