Omnichannel

Bed Bath & Beyond may be headed to bankruptcy

Photo by istock.com

January 5, 2023

Bed Bath & Beyond expects its third quarter results to be so dismal that it may not be able to keep stores operating as sales likely dipped by nearly 30%.

The retailers is also facing declining store traffic and inventory challenges, according to a Wall Street Journal report.

The company is mulling bankruptcy as one strategy given losses are expanding nearly 40%. It will present its quarterly results next week.