Posted on 04/23/2023 7:08:01 AM PDT by dynachrome
Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat.
The Union, New Jersey-based home goods retailer filed for bankruptcy in a District of New Jersey court, listing both its estimated assets and liabilities in the range of $1 billion and $10 billion, according to a court filing.
Bed Bath & Beyond said that it has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending Inc, according to a separate statement.
The company added that its 360 Bed Bath & Beyond and 120 buybuy BABY stores and websites will remain open and continue serving customers as it begins efforts to effect the closure of its retail locations.
(Excerpt) Read more at nypost.com ...
“Our stores will stay open until we close them.” That is profound.
The doors may be open, but the shelves are empty.
They got rid of Mike Lindell and My Pillow and then they went broke.
Serves them right!
I heard this morning they are closing all stores. Same thing, but interesting how it is written. https://riverheadlocal.com/2023/04/23/bed-bath-closing-sales-to-start-wednesday/
Go woke go broke. Bud light and Budweiser are not far behind.
Got rid of My Pillow. Go woke go broke, but they are to blind to see it. Screw them.
No sympathy.
Get woke, go broke
They were going downhill long before they dumped Lindell, but he was the final nail in the coffin.
Budweiser and all of the products made by AB InBev are dead to me. At this point I won’t drink their beer for free.
Whaaaaaat? You mean their woke supporters aren’t enough to keep em afloat? Gee, how sad. Somehow,the manager of bbb shoukd have realized that woke folk don’t shower or use toiletries lol
One down, many more to go, for example: Target, Disney, InBev, Heineken, Bank Of America, Goldman Sachs, JPMorgan, Google, Amazon, etc.
https://www.cancelthiscompany.com/
The last time I even LOOKED at my local BB&B store was when game wardens were tranquilizing and removing a moose from the parking lot:
https://www.kbzk.com/news/local-news/moose-captured-near-target-in-bozeman
The man who owned the company died and his wife then showed herself a delusional Leftist. An error in judgement was made and could have been corrected. The comany hired an Ivy League grade Hispanic business school type to save the company. He wound up in short order jumpingout of a Manhattan highrise window. So sad. All the misguided wife had to do was to apologize publicly to Mike Lindell, resume sotkcing some of his products, and a good proportion of us once study cusomers would have returned. I, for one, would have. I tried getting this message to the management of the compnay, but autormated customer service bots were the face of “customer service.”
it was a lousy store before ML
Heineken? Heineken?!!!
“F*ck that sh*t. Pabst Blue Ribb
on!!!”
Frank, in ‘Blue Velvet’. 😊
Bud Light & Beyond.
Who didn’t see that coming?
Broke, bankrupt, and begone!
Mike Lindell should buy it and turn the stores into My Stuff stores, decorated in red, white, and blue and with a Trump Gear department.
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