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“Bed Bath & Beyond posts nearly $400M loss in Q3” Bed Bath & Beyond on Tuesday reported a third-quarter loss of $393 million after early holiday sales failed to provide a respite from the months’ long cash burn that led to warnings of a possible bankruptcy. The home goods seller has been struggling with a dwindling cash…
“Bed Bath & Beyond shares plunge after bankruptcy warning” Struggling Bed Bath & Beyond warned on Thursday that there’s substantial doubt about the company’s ability to continue as a “going concern” as sales continue to drop and it struggles to attract shoppers. The company, based in Union, NJ, said that it’s looking at several options…
“‘Natural’ baby company recalls 10,000 sippy cups over lead contamination” The “all-natural” baby product company Green Sprouts is recalling 10,500 of its signature sippy cups after finding lead in them. The cups, commonly sold in Whole Foods, Bed Bath and Beyond, and on Amazon’s baby section, have a bottom base that can break off, exposing…
“Bed Bath & Beyond faces leadership void after Gustavo Arnal’s death” Embattled retailer Bed Bath & Beyond needs to move quickly to shore up its executive ranks after the sudden death of its chief financial officer, an expert told The Post on Monday. Gustavo Arnal jumped to his death from the 18th floor of his…
“Who was Bed Bath & Beyond’s CFO Gustavo Arnal” The top-level Bed Bath & Beyond executive who apparently jumped off a Tribeca high rise was a well-regarded businessman whose career spanned across the globe before his sudden death on Friday. Gustavo Arnal was hired by Bed Bath & Beyond in May 2020 and credited with…
“Bed Bath & Beyond exec Gustavo Arnal faced $1.2B suit before suicide” A Bed Bath & Beyond exec was facing a $1.2 billion “pump-and-dump” stock-fraud suit when he apparently leaped to his death from his swank 18th-floor apartment in Lower Manhattan last week. Gustavo Arnal, who was the chief financial officer of BBB, is among…
“Bed Bath & Beyond settles with activist investor Ryan Cohen” Bed Bath & Beyond blinked. The struggling home goods retailer agreed to add three directors in a settlement with Ryan Cohen, the GameStop chairman and “meme stock” icon who recently took a 9.8% stake in the company. Shares of the retailer soared more than 8%…
“#Meme stocks will just keep rising, market-watchers say” The Federal Reserve’s signal that it could eventually raise interest rates — though not anytime soon — isn’t likely to stop the rise of meme stocks, analysts and investors said. In fact, there’s not much the Fed will do that will affect meme stocks at all, market…
“#Why GameStop is surging and what it means for the stock market” GameStop is among a handful of previously unloved companies whose shares are spiking in recent weeks. They’re being fueled by an unruly crowd of individual investors on chat forums like Reddit. Here’s what you need to know. Why is GameStop up? GameStop was…
“#NYC stores and restaurants board up for Election Day turmoil” The lights went down, and the plywood continued to go up Saturday on old ‘Board’way — and across Manhattan in anticipation of Election Day unrest. The Post found workers at chain stores such as Staples, Ann Taylor, and a Bed Bath & Beyond in Chelsea…