Home goods retailer Bed Bath & Beyond announced that it will begin “winding down operations” after filing for bankruptcy on Sunday. The news comes after a year of job cuts at the company and store closures. NBC News’ Kathy Park reports.
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#BedBathAndBeyond #Bankruptcy #Shopping
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It's all because Morty sold that universal remote. Now they are in trouble.
Is party city next or staples??
The economic depression caused by Republicans and Democrats. City governments demand higher property taxes which is passed on too shoppers. We have a big government bullying citizens into giving them more taxes. Businesses are closing due to the unfriendly business environment. Dummies listen to the lies of Republicans and Democrats.
Really sad. Loved this place in high school. I thought it was magical.
BB&B started its decline after the 2007-2008 Financial Crisis. Before that event, the first housing bubble had people believing that by renovating and decorating their homes, their homes would go up in value enabling them to borrow more on their home equity lines of credit. After that, people reduced their "investing" on their homes since many had been foreclosed.
The pre-Financial Crisis BB&B was a temple of domestic awesomeness. I still remember the distinctive smell that greeted me when I entered that store and it was stocked wall to wall with interesting home products, kind of like the old Toys R Us. Now their stores are like the last days of Service Merchandise. Slightly barren with an aura of sadness.
Agree, as a consumer I normally go to the store that carries most of the items that I am looking for, as opposed to the store that has very few selection of items.
Tai Lopez lol
The death of retail 💀
Amazon.
My Pillow gets the last laugh with record profits in 2022 😂 literally “going woke and going broke”. Idiots 😂
Lot of good sales will happen lol
Now is the time in America for small bussiness to thrive !
Not surprised. It's competing against Amazon, Wayfair, etc where people are buying stuff online nowadays. Not sure if it'll be able to get back up on its feet.
I'm a leftist and that's the uncle Joe economic everybody is starting to collapse banks and President Joe is giving to corapate America and destroyed the small business man and President Joe backtracking on public option minimum wage and other promises he made to the Americans people and it's a war economy and New York mayor and President Joe are trying to get rid of Medicaid for over 13 million Americans
This is what build back better looks like. Biden's America.
Good hate this store . Dumb charge do much for products.
Will
I bought one item from there, that was 8 years ago. Quite frankly I'm surprised this over priced store lasted as long as it did.
I guess people stop bathing.
The Jeff Epstein affiliation basically 6 of these type stores with roots in the state of Ohio showed up early in the account against Jeff Epstein while he was in jail
Russia Russia Russia 😅😅😅😅