Bed and beyond12/2/2023 ![]() Market holidays and trading hours provided by Copp Clark Limited. Overstock, an online retailer that originally began as a liquidator, will adopt the Bed Bath & Beyond name online after acquiring the brand’s intellectual property for 21.5 million in June. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Just a few short months after Bed Bath & Beyond declared bankruptcy and shuttered all 360 of its stores, it’s backat least in name. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. Bed Bath & Beyond has announced the first 63 stores it will close by the end of the year as part of a restructuring plan brought on by Covid-19. ![]() US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Arnal was named as a defendant in a class action lawsuit accusing him, Ryan Cohen and other large shareholders of engaging in a “pump and dump” scheme to artificially inflate the price of the company’s stock.īed Bath & Beyond said in August that sales at stores open for at least one year plunged 26% during its latest quarter. Earlier this month, Gustavo Arnal, the retailer’s chief financial officer, jumped to his death from a New York City high rise. It’s a fraught time for the home-goods chain. “All currently planned store closings have been announced, and we will continue to review our portfolio where it makes sense to profitably support our customers and business,” the company said in a statement. It also secured a crucial $500 million in new financing as the holiday shopping season approaches. Along with shuttering stores, the company said in August it will lay off about 20% of its corporate employees and cut some of its in-house home goods stores. The downsize is part of the struggling retailer’s last-ditch effort to stabilize as it struggles in financial turmoil. Kevork Djansezian/APīed Bath & Beyond's chaotic 90s beauty isn't for the internet age ![]() Customers shop inside a Bed, Bath & Beyond store in Los Angeles in June 2005. ![]()
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