Key Takeaways
- Bed Bath & Beyond stated it is considering bankruptcy in an announcement made Jan. 5, 2023.
- The stock has rallied since the announcement, up 58%.
- During its third quarter earnings call, CEO Sue Gove declined to answer analysts’ questions about the company.
Bed Bath & Beyond has struggled financially for years due to poor management decisions. While the home goods retailer was once a go-to destination for home furnishings, other retailers have stepped in with more choices and better prices. These poor decisions have led to the company announcing that bankruptcy is an option on the table. Here is how Bed Bath & Beyond got here and its options moving forward.
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