![]() NowThis reached out for a comment, but has yet to hear back. Overstock shares in the green after the company receives approval for the purchase of Bed Bath & Beyonds assets. Time will tell what’s next for the chain as it and many others face increasingly tough competition. As much as we recognize this has played an important historical role in the company’s success, we also believe that its dependence upon it is now a symptom of a rather poor retail strategy and questionable execution.”īed Bath & Beyond has been around since 1971 and now operates over 1,500 stores across the U.S. Profit is also affected by Bed Bath & Beyond’s discounting and its rather slapdash approach to coupons and vouchers. ![]() Profit is sinking, it’s missing earnings marks and the mega retailers like Walmart and Amazon are slowly killing the beloved store and strip mall staple.īut is it just competition? People like GlobalData Retail’s Niel Saunders say you can’t just blame the Internet, stating, “Too many of Bed Bath & Beyond’s stores - especially older ones - are a mess. Its stock just hit a 10-year-low - down 76% since 2015, as Amazon stomps all over it in the home goods market. The rally came after Bed Bath & Beyond’s BBBY stock closed at a record low of 24 cents on Friday following a 22.6 plunge in three days after the company disclosed a sale of more than 100. ![]() There are plenty of people who love Bed Bath & Beyond - but it might never recover after sinking this low. Bed Bath & Beyond’s ( BBBY) stock ended the quarter at an all-time low of 43 cents per share, as the home goods retailer taps the public markets one more. On Thursday, Lasser reiterated a sell rating on Bed Bath & Beyond shares and slapped the stock with 3.50 price target, which assumed about 80 downside risk to the current BBBY stock price. ![]()
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