26, 2022, but that number has come down since then as the retailer has slashed jobs. The company had 32,000 employees as of Feb. A year ago, shares were trading at around $17. Shares were hovering close to 30 cents in the past few days. who purchased a nearly 10% stake in Bed Bath & Beyond last March, sold off all his shares. The trading was reminiscent of last year’s meme-stock craze, when out-of-favor companies suddenly became darlings of smaller-pocketed investors.īut the stock fell back to Earth after Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc. It made a monstrous run from $5.77 to $23.08 in a little more than two weeks in August. Bed Bath & Beyond stock priceīed Bath & Beyond’s shares, which were trading at distressed levels, have also been on a turbulent run. to allow it to keep operating during the bankruptcy process. The retailer said it secured a commitment of roughly $240 million in financing from Sixth Street Specialty Lending, Inc. The store closings will put thousands of jobs at risk.
What it means for the Redsīusiness: 3 restaurants you need to try ASAP, from Northside to Fairfield to Montgomery Money: Bally Sports Ohio's parent company filed for bankruptcy. 2757 Town Center Blvd., Crestview Hills, KY 41017.6142 Wilmington Pike, Dayton, OH 45459.2719 Edmondson Road, Cincinnati, OH 45209.Bed Bath & Beyond store locations in Greater Cincinnati, Northern Kentucky The company currently has 12 locations in Ohio and four in Kentucky. The move comes after the company failed to secure funds to stay afloat. For now, its 360 Bed Bath & Beyond stores and its 120 Buy Buy Baby stores as well as its websites will remain open to serve customers. District Court in New Jersey and said it will start an orderly wind-down of its operations including eventually closing its stores, while seeking a buyer for all or some of its businesses. The beleaguered home goods chain made the filing Sunday in U.S. Bed Bath & Beyond − one of the original big box retailers − has filed for Chapter 11 bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround plans.
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