Bed Bath & Beyond Files For Bankruptcy Protection

RTTNews | 856 दिनों पहले
Bed Bath & Beyond Files For Bankruptcy Protection

(RTTNews) - Bed Bath & Beyond filed for Chapter 11 bankruptcy protection in New Jersey, but the beleaguered home improvement retailer said its stores and websites will remain open and continue serving customers.

The company noted that it has received a commitment of about $240 million in debtor-in-possession financing from Sixth Street Specialty Lending. Following court approval, the company expects the financing to provide the necessary liquidity to support operations during the Chapter 11 process.

Bed Bath & Beyond said in January that it continued to consider all strategic alternatives including restructuring or refinancing its debt, seeking additional debt or equity capital, reducing or delaying business activities and strategic initiatives, or selling assets, other strategic transactions and/or other measures, including obtaining relief under the U.S. Bankruptcy Code.

टैग: BBBY
read more
Bed Bath & Beyond Maintains FY22 Outlook - Update

Bed Bath & Beyond Maintains FY22 Outlook - Update

While reporting financial results for the second quarter on Thursday, beleaguered home improvement retailer Bed Bath & Beyond, Inc. (BBBY) maintained its comparable sales guidance for the full-year 2022.
RTTNews | 1062 दिनों पहले
Bed Bath & Beyond Q1 Results Miss Estimates

Bed Bath & Beyond Q1 Results Miss Estimates

Home improvement retailer Bed Bath & Beyond, Inc. (BBBY) reported on Wednesday a net loss for first quarter that sharply widened from last year, hurt by hefty transient costs related to inventory markdown reserves and port-related supply chain fees. Both adjusted loss per share and net sales missed analysts' expectations.
RTTNews | 1154 दिनों पहले
European Economic News Preview: German GfK Consumer Confidence Due

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.
RTTNews | 21 मिनटों पहले
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | 1घंटे 10 मिनट पहले
Asian Markets Mixed In Cautious Trades

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.
RTTNews | 1घंटे 14 मिनट पहले
Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
RTTNews | 2घंटे 41 मिनट पहले