After warning of a potential bankruptcy, Bed Bath & Beyond reported wider quarterly losses than expected. CNBC’s Bertha Coombs reports on what is causing the company’s downward spiral and its plan to close 150 stores.
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#bedbathandbeyond #earnings #business
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Corporate America is destroying itself. When your only goal is unlimited growth and profit, let me tell you: there is a limit and it's exactly why these companies are failing.
NEVER WORK HERE!
You mean it's a bad strategy to look like K-Mart with prices like Neiman Marcus. Who knew?
I was a frequent visitor when my work place was closed by one of their stores.
Unfortunately, I spent only total about $150 over the years at their stores.
They might have an edge at their early years but I think they will fail eventually.
They haven't changed their retailing format for years.
Wal-Mart is a better choice of warehouse shopping experience.
Looks like they’re not doing so good since Captain Gene left. Employees were scrubs, always creepin’ and chasing waterfalls.
Not only do they sell regular sized towels for 15$, I can't even find a store when I remember it exists. Where are they? I have to find one like I'm exploring the American frontier like the Oregon trail
Imo everything there you can find for cheaper elsewhere. Sad for them but their prices aren’t competitive
This is what happens when you price Americans out of basic goods. If almost no one has any descreshary money all these places will fall.
Hopefully Bed and Bath, will stay in business.
I'm surprised Trump supporters haven't said yet it's because they dropped my pillow products. LOL!
Was it 20% off
Time for execs to loot the coffers and file. Screw the employees, that's the corporate mantra.
I bet when they saw those losses, they wanted to go to BED because it was BEYOND their..bath….f**k it.
I just bought something from bath and body works yesterday though