While it narrowly avoided bankruptcy in February thanks to a share sale, it was unable to uphold the terms of the agreement. Ultimately, it turned to store closures and layoffs. Alongside supply chain disruption, its e-commerce shortcomings left it ill-equipped to keep up with consumer demand for online shopping in recent years.įaced with declining revenue and a cumbersome debt load, the company tried to reduce costs by cutting back on trademark offerings like mailer coupons and name-brand inventory. While the company grew its physical footprint considerably in the aughts, it lagged behind competitors like Target, Amazon, and Walmart in building out its e-commerce presence. * Denotes a company’s second or third bankruptcy Companies that filed for bankruptcy in 2023 so far: Bed Bath & BeyondĪfter teetering on the edge of bankruptcy for months, Bed Bath & Beyond filed for Chapter 11 bankruptcy protection in April.
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