Jump to content

Bed Bath & Beyond

From Wikipedia, the free encyclopedia
This article is about the defunct big-box retailer. For the online retailer formerly known as Overstock, see Bed Bath & Beyond (online retailer).

20230730-DK-Butterfly-1, Inc.[1]
Bed Bath & Beyond
Formerly
  • Bed 'n Bath (1971–1987)
  • Bed Bath & Beyond Inc. (1987–2023)
Company typePublic
IndustryRetail
Founded1971; 53 years ago (1971)
Springfield, New Jersey, U.S.
Founders
  • Warren Eisenberg
  • Leonard Feinstein
DefunctJuly 30, 2023; 16 months ago (2023-07-30) (original company)
Fate
SuccessorBed Bath & Beyond (online retailer)
Headquarters
Union, New Jersey
,
U.S.
Number of locations
187 (April 2023)
Areas served
Key people
ProductsHousewares
Number of employees
14,000[2] (April 24, 2023)
Subsidiaries
Websitebedbathandbeyond.com at the Wayback Machine (archived 2023-03-01)
Footnotes / references
Financials as of February 26, 2022.[3]
Bed Bath & Beyond in Markham, Ontario, 2018. This location was among the last in Canada, closing in April 2023.

Bed Bath & Beyond was an American big-box retail chain specializing in housewares, furniture, and specialty items. Headquartered in Union, New Jersey, the chain operated stores in the United States and Canada, and was once counted among the Fortune 500 and the Forbes Global 2000.[4][5][6] The chain filed for Chapter 11 bankruptcy in April 2023 and liquidated all of its remaining stores, with the last closing on July 30, 2023.[7][8][9][10][11] Following the retail chain's liquidation, its name was adopted by online retailer Overstock.com, which acquired the company's trademarks in a bankruptcy auction.[12][13] The name is also still used by the chain's former Mexican division which is now independent.

Retail history

[edit]

Warren Eisenberg and Leonard Feinstein worked in management positions at discount store chain Arlan's. As the company suffered financial difficulties, and the two believed that the market would shift toward specialty stores, they decided to leave and form their own company.[14] In 1971, they opened a store in Springfield, New Jersey, called Bed 'n Bath. By 1985, Eisenberg and Feinstein were operating 18 stores in the New York metropolitan area and California. Also in 1985, the first superstore was opened, as an attempt to remain competitive with Linens 'n Things, Pacific Linen, and Luxury Linens. In order to properly represent the size increase in its retail stores, the company changed its name to Bed Bath & Beyond in 1987.[15]

Growth and acquisitions

[edit]

By 1991, Bed Bath & Beyond had opened seven new superstores in New Jersey, California, Virginia, Illinois, Maryland, and Florida.[15] The following June, the company made its IPO on the NASDAQ stock exchange.[16] The company adopted integrated computer-based inventory management systems in 1993 to better compete with Linens ‘n Things, which had utilized computer inventory management since the late 1980s.[17] The chain's 100th store opened in Irvine, California, in October 1996; the 200th, in Palm Beach Gardens, Florida, followed less than three years later in August 1999.[18] That year, Bed Bath & Beyond reached $1 billion in sales for the first time.[17]

In 2002, Bed Bath & Beyond acquired Harmon Discount Health & Beauty, later renamed Harmon Face Values.[19] Five years later in 2007, the company acquired Buy Buy Baby, a chain of baby supply stores founded by Feinstein's sons, and began international expansion, opening their first Canadian store in Richmond Hill, Ontario.[20] By 2011, Bed Bath & Beyond had 1,142 stores.[21] In 2012, the company acquired Cost Plus World Market for $495 million.[22]

In 2016, Bed Bath and Beyond acquired One Kings Lane, a luxury furniture e-commerce retailer; the following year, Bed Bath and Beyond acquired Decorist, an online interior design platform.[23][24]

Decline

[edit]

In March 2019, three activist investment firms—Legion Partners, Macellum Advisors, and Ancora Advisors—announced their intent to remove current CEO Steven Temares and restructure Bed Bath & Beyond's current board of directors.[25] The activist investors highlighted several instances of perceived nepotism, including the acquisition of Buy Buy Baby, which was founded by two of Bed Bath & Beyond co-founder Leonard Feinstein's children, and the acquisition of Chef Central, which was created by co-founder Warren Eisenberg's son, as examples of poor business practices at Bed Bath & Beyond.[26] This pressure led five independent directors to step down on April 22, 2019, and also resulted in the company restructuring its board to include only 10 directors instead of the previous 12 members.[27]

On April 13, 2019, there was a report that the chain would close 40 stores but open 15 new locations.[6]

On May 13, 2019, Bed Bath & Beyond announced that CEO Steven Temares would step down "effectively immediately" and would resign his seat on the board of directors. Mary Winston, who had been appointed to the company's board as a result of the activist investment firms' efforts, replaced Temares as interim CEO.[28][29] On November 4, 2019, Mark Tritton, previously chief merchandising officer at Target, started as Bed Bath & Beyond's CEO.[30]

To combat declining profitability, Bed Bath & Beyond, which had for decades used coupon mailers and other promotional discounting tactics to attract consumers, announced in April 2019 that it would reduce its use of promotional coupons and tighten restrictions on their use. The chain also announced the development of new private label brands and concept stores.[31]

As of 2019, Bed Bath & Beyond operated approximately 1,530 stores in all 50 U.S. states, as well as in the District of Columbia, Puerto Rico, and Canada. In addition to more than 1,020 Bed Bath & Beyond stores, the company also operated approximately 280 Cost Plus World Markets, 100 Buy Buy Baby stores, roughly 80 Christmas Tree Shops, and more than 50 Harmon stores.[32]

Bed Bath & Beyond announced in January 2021 that it would stop selling MyPillow, citing poor sales.[33] The announcement came in the wake of the January 6 United States Capitol attack, that CEO Mike Lindell supported conspiracy theories and efforts to overturn the 2020 presidential election, and amidst similar announcements by Kohl's and Wayfair.[34]

Divestitures

[edit]

Throughout 2020, Bed Bath & Beyond sold many of its subsidiaries. First, in April, One Kings Lane was sold to CSC Generation.[35] Later that year in October, the company announced plans to sell the 80-store Christmas Tree Shops chain, along with its Massachusetts distribution center, to Massachusetts-based Handil Holdings LLC; the acquisition was finalized the following month.[36] Finally, in December 2020, the company also announced plans to sell Cost Plus World Market to Front Burner LP; that sale was later finalized in February 2021.[37]

Bed Bath & Beyond announced in July 2020 that it planned to close more than 200 stores, about 21% of its fleet, over two years, citing the COVID-19 pandemic.[38] 63 locations targeted for closure were named that September,[39] followed by another 43 in January 2021.[40] In January 2022, Bed Bath & Beyond announced the closure of 37 more locations.[41]

In March 2022, Ryan Cohen, former CEO of Chewy and a large shareholder of Bed Bath & Beyond, sent an open letter, as part of a Schedule 13D filing, to the Board of Directors calling for Buy Buy Baby to be sold or spun off at a favorable valuation.[42][43] Subsequently, Bed Bath & Beyond reached a deal to give Cohen three board seats in exchange for his cooperation and the creation of a committee to execute his proposed plan.[44] In July 2022, FCM BBBY Holdings, LLC, managed by Jake Freeman, also sent an open letter, as part of a Schedule 13G filing, asking the board of directors to consider their proposed plan to reduce Bed Bath & Beyond's debt and improve liquidity through convertible bond issuance.[45]

In July 2022, significant changes to the company's executive leadership were announced: Mark Tritton would leave his role as president and chief executive officer, to be replaced by Sue Gove in an interim capacity.[46] That August, the company announced that 20% of its corporate staff would be laid off, and 150 more stores would be closed.[47][48] Gove was promoted to permanent president and CEO the following October.[49]

On September 2, 2022, Gustavo Arnal, the company's chief financial officer, committed suicide, jumping from the balcony of his New York City apartment.[50] Arnal was one of the targets of a class action lawsuit alleging that Bed Bath & Beyond's stock had become a pump-and-dump scheme.[51][52] Two weeks later on September 16, the company named 56 stores targeted for closure of the 150 announced in August; later, on September 26, the company announced the closure of Decorist.[24][53]

Bankruptcy and liquidation

[edit]

Bed Bath & Beyond opened in 2023 by warning investors that it might not survive the year. On January 5, 2023 shares of bed bath and beyond plunged almost 30% on the stock market, and Bed Bath and Beyond announced it had "substantial doubt" in being able to continue to operate as a business.[54][55][56] Wall Street analysts predicted that Bed Bath and Beyond could file for Chapter 11 bankruptcy as soon as January 7, 2023[57][58] On January 9, 2023, Bed Bath & Beyond hired AlixPartners as a restructuring adviser,[59] and announced the closure of 62 more stores.

Bed Bath & Beyond announced on January 26, 2023 that some banks had cut its line of credit.[60] The next day, it was revealed that Bed Bath and Beyond would shutter its Harmon Face Values chain, closing all 52 of its stores,[61] and would also close five Buy Buy Baby stores and 87 Bed Bath & Beyond locations, including the last location in West Virginia.[62]

On February 7, 2023, Hudson Bay Capital Management and several other investors arranged a death spiral financing deal to raise over $1 billion to help the company avoid bankruptcy, though most analysts at the time identified that such a deal would merely turn a possible Chapter 7 bankruptcy into a Chapter 11 bankruptcy.[63][64][65]

On February 10, 2023, it was revealed the company would shutter its Canadian division, closing all 54 Bed Bath & Beyond and 11 Buy Buy Baby stores in Canada. According to court documents, the business does not have the "capacity or ability to independently effect a recapitalization or restructuring of the Canadian operations without access to cash and the support".[66] The same day, they also announced 149 more store closures in the United States, including the last two locations in Wyoming.[67]

Bed Bath & Beyond announced on March 30 2023 that if it was unable to sell $300 million in stock, Bed Bath and Beyond would likely file for bankruptcy.[68] In addition it also terminated its fundraising deal with Hudson Bay Capital Management.[69]

On April 23, 2023, after failing to pay off stock, declining sales, high debt, and years of struggling, Bed Bath & Beyond, Buy Buy Baby, and 73 affiliated debtors and entities officially filed for Chapter 11 bankruptcy protection in the United States District Court for the District of New Jersey.[70] It was later confirmed that all remaining Bed Bath & Beyond and Buy Buy Baby stores in the United States would close unless a buyer was found for the chain. Even if the company could find a buyer, shareholders could be expected to be wiped out, with proceeds from the liquidation going to secured creditors and bondholders.[71][72] By May 3, 2023, Bed Bath and Beyond's stock was delisted from the Nasdaq exchange.[73]

Bed Bath & Beyond store in Roseville, Michigan, during liquidation

Following the bankruptcy filing, Bed Bath & Beyond stopped accepting their popular coupons on April 26, 2023 and liquidation sales commenced at all remaining stores the next day.[9] Shortly thereafter, numerous other retailers, including The Container Store, Big Lots, Boscov's, and Kirkland's, announced that they would honor unused Bed Bath & Beyond coupons for a limited time.[74][75] Liquidation sales continued through June 2023 and July 2023, with the last stores closing permanently on July 30, 2023.

Industry analysts attribute Bed Bath & Beyond's failure to a number of factors, including a late entry to e-commerce, reduction in merchandise selection and quality, supply chain issues, competition from Walmart, Target, and HomeGoods, and debt accrued from stock buybacks.[76][77][78] The latter is widely considered the largest reason for Bed Bath & Beyond's collapse, as the company's stock buyback schemes, in practice since 2004, were the source of much of its $5.2 billion debt.[79][80] This resulted in an inability to pay vendors on time, which led many to halt merchandise shipments to Bed Bath and Beyond.[81]

Acquisition by Overstock.com and online revival

[edit]

In a June 2023 bankruptcy auction, Overstock.com acquired the Bed Bath & Beyond name, and associated intellectual property, in a $21.5 million stalking-horse bid.[12][82][83] Shortly thereafter, Overstock publicly announced its intention to rebrand its own operations under the Bed Bath & Beyond name after the acquisition closes.[84] It did so on August 1, 2023, two days after the last brick-and-mortar Bed Bath & Beyond stores shuttered.[citation needed]

The acquisition did not include the now distant Buy Buy Baby brand, as bids were still being solicited for a separate sale of the chain until July; after no satisfactory bids were received, Buy Buy Baby's name and intellectual property were instead auctioned.[85] A $15.5 million sale of the chain's intellectual property to New Jersey-based Dream On Me is pending.[86]

Following the sale of the brand to Overstock, Bed Bath & Beyond, Inc. changed its name to 20230930-DK-Butterfly-1, Inc. and cancelled its stock on September 29, 2023.[1]

Revival of Canadian stores as Rooms + Spaces and Babies "R" Us

[edit]

The retailer's last Canadian stores closed four days earlier than planned in late April 2023.[87] Following the closure of the chain's operations in Canada, Doug Putman, owner of Sunrise Records and Toys "R" Us Canada, acquired 21 former Bed Bath & Beyond locations, with plans to revive the chain in Canada as Rooms + Spaces, under the leadership of former Bed Bath & Beyond Canada general manager Greg Dyer.[88] Putman also opened the first two stand-alone Babies "R" Us locations in Canada, in Edmonton in former Buy Buy Baby locations.[89] The first Rooms + Spaces and stand-alone Babies "R" Us locations opened in July 2023.[90]

Most stores were closed after being open for only a few months, as the leases were defaulted. As of February 2024, only two Rooms + Spaces locations remain open (at West Edmonton Mall and Brantford.)[91][92][93]

Leases for other locations in Canada were acquired by other retailers, including Mark's and Pro Hockey Life.[94]

Christmas Tree Shops bankruptcy

[edit]

On May 5, 2023, Christmas Tree Shops also filed for Chapter 11 bankruptcy, despite having been separated from Bed Bath & Beyond two years prior. The now-independent chain later announced in July that it would liquidate; its last stores closed on August 12, 2023, two weeks after Bed Bath & Beyond.[95][96]

Former subsidiaries

[edit]
  • Bed Bath & Beyond Canada L.P. (2007–2023) – opened in 2007; operated 53 stores across 9 Canadian provinces;[97] liquidated and closed in April 2023;[98] brand relaunched in Canada by Overstock.ca alongside US relaunch in August 2023[99]
  • Bed Bath & Beyond México – a joint venture with Home & More, S.A. de C.V to operate stores in Mexico under the Bed Bath & Beyond name.[100] The Mexican unit is not affected by the closure in the US and Canada and will continue to operate normally.[101][102]
  • Buy Buy Baby – founded by Richard and Jeffrey Feinstein; acquired in March 2007;[103] closed with company in July 2023
  • Harmon Face Values (2002–2023) – acquired in March 2002; closed in February 2023[61][104]
  • Cost Plus World Market (2012–2021) – acquired in May 2012; sold in February 2021[22][37]
  • Christmas Tree Shops (2003–2020) – acquired in 2003; sold in 2020; closed in August 2023[105]
  • One Kings Lane (2016–2020) – acquired in June 2016; sold in April 2020[106][107]
  • Linen Holdings (2012–2020) – acquired in June 2012; sold in October 2020[108]
  • Of a Kind (2015–2019) – acquired in August 2015; closed in October 2019[109][110]
  • Decorist (2017–2022) – acquired in 2017; closed in September 2022[24]

References

[edit]
  1. ^ a b "Form 8-K: 20230930-DK-BUTTERFLY-1, INC". U.S. Securities and Exchange Commission. September 29, 2023. Retrieved September 30, 2023.
  2. ^ Biswas, Soma (April 24, 2023). "Bed Bath & Beyond Took Out Emergency Loan on Eve of Bankruptcy". The Wall Street Journal. Retrieved April 26, 2023.
  3. ^ "Bed Bath & Beyond Inc. Fiscal 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. April 21, 2022. Archived from the original on January 6, 2023. Retrieved February 5, 2023.
  4. ^ "Bed Bath & Beyond". Fortune. Archived from the original on December 31, 2019. Retrieved February 28, 2018.
  5. ^ "Bed Bath & Beyond on the Forbes Global 2000 List". Forbes. Archived from the original on January 29, 2021. Retrieved February 28, 2018.
  6. ^ a b Wattles, Jackie (April 13, 2019). "Bed Bath & Beyond to close 40 stores". CNN. Archived from the original on November 30, 2020. Retrieved June 27, 2019.
  7. ^ Selyukh, Alina (April 23, 2023). "Homeware giant Bed Bath & Beyond has filed for bankruptcy". NPR.
  8. ^ Fonrouge, Gabrielle (April 23, 2023). "Bed Bath & Beyond files for bankruptcy protection". CNBC. Retrieved April 23, 2023.
  9. ^ a b Perkins, Maddy (April 26, 2023). "Bed Bath & Beyond is closing permanently — and its closing sale is underway. Here's how to get the best deals right now". MarketWatch. Retrieved April 30, 2023.
  10. ^ Holman, Jordyn; Kelley, Lora; Hirsch, Lauren (April 24, 2023). "Bed Bath & Beyond Shoppers Rush to Use All Those Coupons". The New York Times. ISSN 0362-4331. Retrieved April 30, 2023.
  11. ^ "Bed Bath and Beyond, Buy Buy Baby stores in Florida to officially close July 30. See the list". Florida Today. Retrieved July 25, 2023.
  12. ^ a b Holman, Jordyn (June 22, 2023). "Overstock.com Wins $21.5 Million Bid for Bed Bath & Beyond's Assets". The New York Times. ISSN 0362-4331. Retrieved June 24, 2023.
  13. ^ "Overstock officially launches Bed Bath & Beyond domain online in US". KSLA. August 1, 2023.
  14. ^ "The rise and fall of Bed Bath & Beyond, one of America's most iconic big box retailers". Business Insider India. Times Internet Limited. Archived from the original on February 27, 2020. Retrieved February 27, 2020.
  15. ^ a b Williams, Jake (May 19, 2023). "Bankrupt – Bed Bath & Beyond". Bright Sun Films (Video) – via YouTube.
  16. ^ History of Bed Bath & Beyond Inc. International Directory of Company Histories. Vol. 41. St. James Press. 2001. Archived from the original on March 1, 2019. Retrieved February 25, 2019 – via Funding Universe.
  17. ^ a b "History of Bed Bath & Beyond Inc". FundingUniverse. Archived from the original on October 29, 2013. Retrieved October 27, 2013.
  18. ^ "Bed Bath & Beyond Inc. Announces Opening of 200th Store". Bed Bath & Beyond. August 16, 1999.
  19. ^ "Bed Bath Beyond Buys Harmon Stores". Midland Daily News. March 5, 2002. Retrieved July 7, 2023.
  20. ^ "Bed Bath & Beyond opens in Canada". Home Textiles Today. December 7, 2007. Retrieved July 7, 2023.
  21. ^ Modrow, William M. (July 2003). "Business & Company Resource Center2003381Business & Company Resource Center. Farmington Hills, MI: The Gale Group Contact Gale for pricing URL: www.galegroup.com Last visited April 2003". Reference Reviews. 17 (7): 28–29. doi:10.1108/09504120310497915. ISSN 0950-4125. Archived from the original on February 10, 2021. Retrieved October 31, 2021.
  22. ^ a b Hsu, Tiffany (May 9, 2012). "Bed Bath & Beyond to Buy Cost Plus for $495 Million". Los Angeles Times. Archived from the original on October 22, 2013. Retrieved October 27, 2013.
  23. ^ "Bed Bath and Beyond Acquires One Kings Lane". Multichannel Merchant. June 15, 2016. Retrieved October 1, 2021.
  24. ^ a b c "Decorist shuts down". Business of Home. September 26, 2022. Retrieved July 7, 2023.
  25. ^ Gomez, Amanda (March 26, 2019). "New brooms". BreakingViews. Reuters. Archived from the original on May 1, 2019. Retrieved May 1, 2019.
  26. ^ Verdon, Joan (April 30, 2019). "Bed Bath & Beyond's Family Ties Under Attack: Nepotism Or Good Deals?". Forbes. Archived from the original on May 1, 2019. Retrieved May 1, 2019.
  27. ^ Chin, Kimberly (April 22, 2019). "Bed Bath & Beyond Overhauls Board Amid Activist Pressure". The Wall Street Journal. ISSN 0099-9660. Archived from the original on May 1, 2019. Retrieved May 1, 2019.
  28. ^ Thomas, Lauren (May 13, 2019). "Bed Bath & Beyond CEO Steven Temares steps down 'immediately' and resigns from board". CNBC. Archived from the original on May 13, 2019. Retrieved May 14, 2019.
  29. ^ Maidenberg, Micah (May 13, 2019). "Bed Bath & Beyond Chief Executive Steps Down". The Wall Street Journal. ISSN 0099-9660. Archived from the original on May 13, 2019. Retrieved May 14, 2019.
  30. ^ Meyersohn, Nathaniel (December 17, 2019). "Bed Bath & Beyond's new CEO just laid off nearly his entire C-Suite". cnn.com. CNN. Archived from the original on December 17, 2019. Retrieved December 17, 2019.
  31. ^ Bhattarai, Abha (April 26, 2019). "Your love of Bed Bath & Beyond coupons could be killing the retailer". The Washington Post. Archived from the original on May 1, 2019. Retrieved May 1, 2019.
  32. ^ "Bed Bath & Beyond Inc (BBBY.O)". Reuters. Archived from the original on May 1, 2019. Retrieved May 1, 2019.
  33. ^ Ren, Henry (January 19, 2021). "My Pillow Shunned by Retailers After CEO Touts Election Fraud". Bloomberg.com. Archived from the original on November 8, 2021. Retrieved August 18, 2022.
  34. ^ Telford, Taylor (January 19, 2021). "MyPillow CEO says Bed Bath & Beyond, Kohl's, Wayfair are dropping his products". The Washington Post. Archived from the original on January 20, 2021. Retrieved August 18, 2022.
  35. ^ "One Kings Lane's new owner is collecting distressed home furnishing brands". Business of Home. April 22, 2020. Retrieved July 5, 2023.
  36. ^ Jansen, Caroline (October 14, 2020). "Bed Bath & Beyond to sell Christmas Tree Shops banner". Retail Dive. Retrieved April 30, 2023.
  37. ^ a b "Bed Bath & Beyond sells Cost Plus World Market". The North Bay Business Journal. January 20, 2021. Retrieved April 30, 2023.
  38. ^ Tyko, Kelly (July 8, 2020). "Bed Bath & Beyond announces plans to permanently close 200 stores over next two years". USA TODAY. Archived from the original on July 12, 2020. Retrieved July 12, 2020.
  39. ^ Tyko, Kelly (September 18, 2020). "Is your Bed Bath & Beyond store closing? See the full list of the 63 stores slated to close by the end of 2020". USA TODAY. Retrieved April 30, 2023.
  40. ^ Rattner, Nate; Thomas, Lauren (January 6, 2021). "Bed Bath & Beyond is closing more than 40 stores this year. Here's a map of where they are". CNBC. Retrieved April 30, 2023.
  41. ^ Tyko, Kelly (January 5, 2022). "Is your Bed Bath & Beyond store closing? See the stores slated to close by the end of February". USA Today. Retrieved April 30, 2023.
  42. ^ Stein, Sanford (March 7, 2022). "Activist Letter Sends Bed Bath & Beyond Stock Soaring". Forbes. Archived from the original on August 4, 2022. Retrieved August 4, 2022.
  43. ^ Cohen, Ryan (March 6, 2022). "Letter To Board". Letter to Bed Bath & Beyond Inc. Retrieved August 4, 2022.
  44. ^ Repko, Melissa (March 25, 2022). "Bed Bath & Beyond shares rise after retailer strikes deal with activist investor Ryan Cohen". CNBC. Archived from the original on August 4, 2022. Retrieved August 4, 2022.
  45. ^ Freeman, Jake (July 21, 2022). "FCM BBBY HOLDINGS, LLC Exhibit 1" (PDF). Securities and Exchange Commission. Archived (PDF) from the original on August 4, 2022. Retrieved August 4, 2022.
  46. ^ "Bed Bath & Beyond Inc. Announces Executive Leadership Changes" (Press release). Bed Bath & Beyond Inc. June 29, 2022. Archived from the original on January 10, 2023. Retrieved December 20, 2022.
  47. ^ Repko, Melissa (August 31, 2022). "Bed Bath & Beyond announces store closures, layoffs and new financing in push to fix struggling business". NBC News. Archived from the original on September 7, 2022. Retrieved September 7, 2022.
  48. ^ Royce, Aaron (August 31, 2022). "Bed, Bath & Beyond Will Close 150 Stores: See Which Stores Have Already Shut Doors". Footwear News. Archived from the original on September 7, 2022. Retrieved September 7, 2022.
  49. ^ "Bed Bath & Beyond interim CEO Sue Gove to take on role permanently". Reuters. October 26, 2022. Retrieved April 30, 2023.
  50. ^ Singh, Kanishka (September 5, 2022). "Death of Bed Bath & Beyond CFO ruled a suicide". The Globe and Mail. Archived from the original on September 6, 2022. Retrieved September 6, 2022.
  51. ^ Mollman, Steve (September 4, 2022). "Bed Bath & Beyond CFO accused of "pump and dump" scheme before falling to his death from NYC skyscraper". Fortune. Archived from the original on September 4, 2022. Retrieved September 5, 2022.
  52. ^ Lombardo, Cara (September 7, 2022). "Inside Bed Bath & Beyond, Concerns Over Mounting Stress for CFO". The Wall Street Journal. Archived from the original on September 7, 2022. Retrieved September 7, 2022.
  53. ^ Molina, Brett (September 16, 2021). "Bed Bath & Beyond is closing 150 stores. Here's a list of 56 locations shutting down now". USA Today. Retrieved April 30, 2023.
  54. ^ "Bed Bath & Beyond stock hits 52-week low, considers bankruptcy". The Global Herald. January 5, 2023. Archived from the original on January 5, 2023. Retrieved January 5, 2023.
  55. ^ Valinsky, Jordan (January 5, 2023). "Bed Bath and Beyond says it may not survive". CNN. Archived from the original on January 5, 2023. Retrieved January 5, 2023.
  56. ^ Bomey, Nathan (January 5, 2023). "Bed Bath & Beyond bankruptcy might be next, retailer warns". Axios. Archived from the original on January 5, 2023. Retrieved January 5, 2023.
  57. ^ "Bed Bath & Beyond could file for bankruptcy 'as early as this weekend': MACCO CEO". Yahoo! Finance. January 5, 2023. Archived from the original on January 5, 2023. Retrieved January 5, 2023.
  58. ^ "Bed Bath Beyond Probability Of Bankruptcy 2023". Macroaxis. Archived from the original on January 6, 2023. Retrieved January 5, 2023.
  59. ^ Biswas, Soma (January 10, 2023). "Bed Bath & Beyond taps new restructuring adviser as bankruptcy looms". Fox Business. Fox. Archived from the original on January 27, 2023. Retrieved January 27, 2023.
  60. ^ Kapner, Soma Biswas and Suzanne (January 26, 2023). "Bed Bath & Beyond Says Banks Have Cut Off Its Credit Lines". The Wall Street Journal. ISSN 0099-9660. Archived from the original on January 26, 2023. Retrieved January 26, 2023.
  61. ^ a b "Bed Bath & Beyond makes desperate move while teetering toward bankruptcy". Yahoo! Finance. January 27, 2023. Archived from the original on January 27, 2023. Retrieved January 27, 2023.
  62. ^ Tyko, Kelly (January 31, 2022). "Bed Bath & Beyond closing more stores, all Harmon locations". Axios.
  63. ^ Gladstone, Alexander; Kapner, Suzanne; Thomas, Lauren (February 7, 2023). "Bed Bath & Beyond Gets a Lifeline From Hudson Bay Capital". The Wall Street Journal. ISSN 0099-9660. Retrieved June 21, 2023.
  64. ^ "Hudson Bay Is Anchor Investor in Bed Bath & Beyond Share Sale". Bloomberg.com. February 7, 2023. Retrieved June 21, 2023.
  65. ^ Hirsch, Lauren; Holman, Jordyn (February 7, 2023). "Investment Firm Backs Bed Bath & Beyond's Stock Offering". The New York Times. ISSN 0362-4331. Retrieved June 21, 2023.
  66. ^ "Bed Bath & Beyond to wind down Canada operations". Reuters. February 10, 2023. Retrieved February 11, 2023.
  67. ^ Hartmans, Avery; Reuter, Dominick (February 10, 2023). "Bed Bath & Beyond is closing nearly 150 more locations as it whittles its footprint down to just 360. Here's the full list of closing stores". Business Insider. Retrieved April 30, 2023.
  68. ^ Rizzo, Lillian (March 30, 2023). "Bed Bath & Beyond again warns of bankruptcy if new stock offering doesn't pay off". CNBC. Retrieved April 1, 2023.
  69. ^ Gladstone, Alexander. "Bed Bath & Beyond Ends Hudson Bay Deal, Turns to Market for $300 Million to Avoid Bankruptcy". WSJ. Retrieved June 21, 2023.
  70. ^ Fonrouge, Gabrielle (April 23, 2023). "Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts". CNBC. Retrieved April 23, 2023.
  71. ^ "Bed Bath & Beyond Customer FAQ". Kroll Restructuring Administration. Retrieved April 23, 2023.
  72. ^ "Bed Bath & Beyond Customer FAQ". Kroll Restructuring Administration. Retrieved April 23, 2023.
  73. ^ Mitra, Anuron (April 25, 2023). "Bed Bath & Beyond stock to be delisted from Nasdaq following bankruptcy filing". Seeking Alpha. Retrieved May 6, 2023.
  74. ^ Wildt, Tanya (April 27, 2023). "The Container Store, Big Lots will accept Bed Bath & Beyond coupons: What to know". Detroit Free Press. Gannett. Retrieved April 30, 2023.
  75. ^ McCarthy, Erin (April 28, 2023). "Boscov's ditched coupons years ago. But for now, they'll take your Bed Bath & Beyond ones". The Philadelphia Inquirer. Retrieved April 30, 2023.
  76. ^ "3 key mistakes that doomed Bed Bath & Beyond". CBS News. January 13, 2023. Retrieved May 6, 2023.
  77. ^ Cohan, Peter. "After 52 Years, Why Bed Bath & Beyond Went Bankrupt". Forbes. Retrieved May 6, 2023.
  78. ^ Meyersohn, Nathaniel (February 8, 2023). "Bed Bath & Beyond was a retail pioneer. Here's what went wrong". CNN. Retrieved May 6, 2023.
  79. ^ Isidore, Chris (April 25, 2023). "The $11.8 billion mistake that led to Bed Bath & Beyond's demise". CNN. Retrieved May 6, 2023.
  80. ^ Levine-Weinberg, Adam (July 6, 2022). "The Share Buyback That Killed Bed Bath & Beyond". The Robin Report. Retrieved May 6, 2023.
  81. ^ Kavilanz, Parija (August 22, 2022). "Bed Bath & Beyond shares tank on reports that suppliers have halted product shipments". CNN. Retrieved May 6, 2023.
  82. ^ Fonrouge, Gabrielle (June 22, 2023). "Overstock.com wins auction for Bed Bath & Beyond's intellectual property, digital assets". CNBC.
  83. ^ Knauth, Dietrich (June 27, 2023). "US judge approves Overstock's $21.5 mln Bed Bath & Beyond purchase". Reuters.
  84. ^ Holman, Jordyn (June 28, 2023). "Overstock Sees a Future in Calling Itself Bed Bath & Beyond". The New York Times. ISSN 0362-4331. Retrieved June 28, 2023.
  85. ^ Rizzo, Lillian (June 20, 2023). "Bed Bath & Beyond schedules separate auction for Buy Buy Baby assets". CNBC.
  86. ^ Knauth, Dietrich (July 7, 2023). "Bed Bath & Beyond ends auction for Buy Buy Baby stores". Reuters. Retrieved July 9, 2023.
  87. ^ "Canadians stuck with worthless gift cards as Bed Bath & Beyond shutters its stores". Toronto. April 27, 2023. Retrieved May 18, 2023.
  88. ^ Toneguzzi, Mario (May 3, 2023). "Doug Putman Acquires Bed Bath & Beyond Leases in Canada to Launch New Home Retail Concept [Interview]". Retail Insider. Retrieved May 6, 2023.
  89. ^ Toneguzzi, Mario (May 17, 2023). "Toys"R"Us and Babies"R"Us Canada Expand Footprint with New Store Launches in Former Bed Bath & Beyond Locations [Interview with Doug Putman]". Retail Insider. Retrieved August 18, 2023.
  90. ^ Wallace, Melissa (June 19, 2023). "WHAT'S GOING ON HERE? rooms + spaces opening at High Tech Road in Richmond Hill". Richmond Hill Liberal. Retrieved August 6, 2023.
  91. ^ "Victoria's Rooms + Spaces closes just months after grand opening". February 15, 2024.
  92. ^ "Rooms+Spaces forced to close at Kelowna's Orchard Plaza".
  93. ^ "Sites-RNS-ca-Site".
  94. ^ "Canadian Tire Corporation Expands Mark's Store Footprint Through Bed, Bath & Beyond Lease Acquisition". corp.canadiantire.ca. Retrieved May 18, 2023.
  95. ^ "Christmas Tree Shops files for bankruptcy, report says". WCVB. May 5, 2023. Retrieved May 6, 2023.
  96. ^ "Christmas Tree Shops to liquidate all stores". Wall Street Journal. June 29, 2023. Retrieved June 30, 2023.
  97. ^ Goldenberg, Joel (March 2, 2016). "Bed Bath & Beyond won't ship to Quebec". The Suburban. Retrieved April 24, 2023.
  98. ^ Patterson, Craig (February 13, 2023). "Bed Bath & Beyond to Leave Hundreds of Thousands of Square Feet of Vacant Retail Space with Canadian Exit". Retail Insider. Retrieved April 24, 2023.
  99. ^ Anderson, Sarah (March 31, 2023). "Bed Bath & Beyond Canada offering biggest liquidation discounts yet before closing". blogTO. Retrieved April 25, 2023.
  100. ^ "Bed Bath & Beyond Inc. Announces Joint Venture with Home & More, a Home Products Retailer in Mexico". Bed Bath & Beyond. Archived from the original on October 28, 2013. Retrieved October 27, 2013.
  101. ^ "Bed Bath & Beyond se declara en quiebra en EU: ¿Tiendas cerrarán en México?". El Financiero (in Spanish). April 24, 2023.
  102. ^ "comunicado". Bed Bath & Beyond México (in Spanish). Retrieved August 6, 2023.
  103. ^ Cianciolo, Mike (March 26, 2007). "buybuy BABY Gets Bought". The Motley Fool. Archived from the original on October 29, 2013. Retrieved October 27, 2013.
  104. ^ Lillo, Andrea (March 11, 2002). "Bed Bath makes first acquisition with Harmon". Home Textiles Today. Archived from the original on October 29, 2013. Retrieved October 27, 2013.
  105. ^ Marks, Jennifer (October 13, 2020). "Bed Bath & Beyond sells Christmas Tree Shops and hospitality operation". Home Textiles Today. Archived from the original on January 5, 2023. Retrieved January 5, 2023.
  106. ^ Kapner, Suzanne (June 14, 2016). "Bed Bath & Beyond Buys One Kings Lane for 'Not Material' Price". The Wall Street Journal. Archived from the original on July 9, 2016. Retrieved July 6, 2016.
  107. ^ "One Kings Lane's new owner is collecting distressed home furnishing brands". Business of Home. April 22, 2020. Archived from the original on January 5, 2023. Retrieved January 5, 2023.
  108. ^ "Bed Bath buys Linen Holdings for $105 million". Reuters. June 1, 2012. Archived from the original on October 29, 2013. Retrieved October 27, 2013.
  109. ^ Brooke, Aliza (August 10, 2015). "Indie Design Retailer Of a Kind Acquired by Bed Bath & Beyond". Fashionista. Archived from the original on February 5, 2023. Retrieved February 19, 2016.
  110. ^ "Bed Bath & Beyond Shuts Indie E-Tailer Of a Kind". October 3, 2019. Archived from the original on January 5, 2023. Retrieved January 5, 2023.

Further media

[edit]
[edit]
Wikimedia Commons has media related to Bed Bath & Beyond (1971-2023).
  • Bankruptcy case website
  • Business data for Bed Bath & Beyond Inc:
Retrieved from "https://en.wikipedia.org/w/index.php?title=Bed_Bath_%26_Beyond&oldid=1264703473"
pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy