A group of highly speculative stocks rallied double digits on Wednesday as retail investors pushed meme names up again in the new year following a dismal 2022.
Bed Bath & Beyond is cutting jobs and seeking new outside advice as it faces the risk of bankruptcy.
Bed Bath & Beyond has warned that it could seek bankruptcy protection as it quickly runs out of money and sales shrink.
Bed Bath’s turnaround plan called for cost-cutting and improved partnerships with vendors. But its sales have yet to improve.
The embattled home goods retailer said it is exploring financial options, including filing for bankruptcy.
Dan Loeb’s hedge fund expects the retailer can resolve many of its issues by bringing more experience to Bath & Body work’s board.
Troubled retailer Bed Bath & Beyond’s stock was down Monday after it said it would issue shares to repay some bonds.
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