Tag: Bed Bath & Beyond Inc.
-
Why investors gamble on shares of bankrupt companies — Bed Bath & Beyond, for example
[ad_1] The recent movement in Bed Bath & Beyond Inc.’s stock has shone a spotlight on the attraction that bankrupt companies hold for some investors. Bed Bath & Beyond’s shares BBBYQ, -8.01% have risen 30.7% in the last month, outpacing the S&P 500’s SPX, -0.29% gain of 2.9%, despite the bankrupt home-goods retailer’s well-documented woes.…
-
Why some Bed Bath and Beyond investors think ‘Teddy’ could be meme stock savior
[ad_1] Shares of bankrupt Bed Bath & Beyond Inc. rose 3% Wednesday, with the meme stock maintaining its appeal to some investors, despite the retailer’s well-publicized woes. Bed Bath & Beyond BBBYQ filed for chapter 11 in April and was subsequently delisted from the Nasdaq Composite. Trading over the counter since May 4, and with liquidation…
-
Overstock to bring back Bed Bath & Beyond’s loyalty program after asset purchase
[ad_1] Bed Bath & Beyond’s stores might be disappearing, but the home-goods retailer will survive in online form, following Overstock.com Inc.’s deal announced Wednesday to acquire and revive the bankrupt chain’s website and loyalty program. Overstock OSTK, +6.11% on Wednesday said it had it had acquired Bed Bath & Beyond’s brand and intellectual property, in…
-
Bankruptcy judge approves Overstock’s bid to buy Bed Bath & Beyond assets
[ad_1] Overstock.com shares OSTK, +4.38% rose Tuesday as a judge approved the company’s $21.5 million bid to buy the assets of bankrupt retail chain Bed Bath & Beyond Inc. U.S. Bankruptcy Court Judge Vincent Papalia gave the sale the green light Tuesday afternoon at a hearing in New Jersey, and said he was “gratified” that the…
-
Bed Bath and Beyond: Hundreds of leases set for auction, pending court approval
[ad_1] Bankrupt Bed Bath and Beyond Inc.’s real estate advisor A&G Real Estate Partners plans to auction hundreds of the home goods retailer and buybuy BABY’s leases as part of the company’s Chapter 11. A&G Real Estate Partners announced the plan, which is subject to court approval of bid procedures, on Tuesday. Bed Bath & Beyond BBBYQ,…
-
Bed Bath & Beyond: These retailers could pick up the company’s bones
[ad_1] Bed Bath & Beyond Inc.’s bankruptcy could benefit a host of retailers, according to data from analytics company Placer.ai. The struggling home goods retailer and sometime meme stock darling filed for Chapter 11 last month, and the company’s bankruptcy is likely to benefit two categories of retailer, according to Placer.ai. “First, chains looking to expand their brick-and-mortar…
-
Bed Bath and Beyond seeks millions from ocean carriers in freight dispute
[ad_1] Bed Bath and Beyond Inc., which filed for chapter 11 bankruptcy last month, has filed complaints against two ocean carriers, claiming that they abandoned their service commitments to the troubled home goods retailer. The Wall Street Journal first reported Tuesday that Bed Bath and Beyond BBBY filed a complaint with the Federal Maritime Commission…
-
Where will Bed Bath & Beyond’s customers shop now?
[ad_1] It looks like Bed Bath & Beyond BBBYshoppers will soon become Amazon AMZN, Target TGT and Walmart WMT shoppers. Those are the three retailers that stand to benefit the most from the home-focused retailer’s impending closure, according to a consumer survey from Numerator, a data and technology company. Specifically, 68% of shoppers said they……
-
Bed Bath and Beyond bankruptcy: ‘Dancing goose’ celebrates retailer’s demise
[ad_1] One of the strangest scenes in the saga of Bed Bath and Beyond Inc.’s bankruptcy played out outside the home goods retailer’s store in Manhattan’s Chelsea district Wednesday when a giant “dancing goose” celebrated the company’s demise. The person in the goose costume was part of a protest organized by PETA and Humane Long…