Tag: household
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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.…
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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…
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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…
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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,…
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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…
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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…
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Bed Bath & Beyond coupons are good until Wednesday. Here’s what else to know
[ad_1] Bed Bath & Beyond coupons were once known for never expiring, but the famous blue-and-white mailers won’t be worth much after Wednesday. That’s when the store says it anticipates that it will stop accepting its ubiquitous coupons. On Sunday, the company, which also owns buybuy BABY, filed for Chapter 11 bankruptcy, saying it will…
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Bed Bath & Beyond: from home-goods behemoth to bankruptcy
[ad_1] It’s the end of the road for Bed Bath & Beyond Inc., a company that was once a shining star of U.S. retail. The troubled home-goods retailer BBBY filed for chapter 11 on Sunday, after spending several months teetering on the brink of bankruptcy. The company said it aims to achieve an orderly wind…
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Employees asked about cancelled bonuses. The CEO replied, ‘Leave Pity City.’
[ad_1] The chief executive of furniture retailer MillerKnoll has gone viral, probably not the way she would want. In a leaked Zoom call of the MillerKnoll town hall last month, CEO Andi Owen addressed concerns from employees over the company’s decision to withhold bonuses. It quickly descended into her lambasting staff for complaining about the…