Bed Bath & Beyond reports wider-than-expected loss as possible bankruptcy looms

CNBC ^ | 1-10-23 | Melissa Repko

[Jeff Chandler]

The pet store had more people in it!

The customers at Petsmart were some of the weirdest mask-wearing Covid-fearing freaks I encountered in any store during the Covid oppression. I saw one freak complete her purchase and drive away alone wearing her mask inside her car.

[Tolerance Sucks Rocks]

They could start selling My Pillow products again, I suppose, and see what happens.

[Red Badger]

I don’t fault anybody for wearing a mask if they so choose.

But I do not want the government to make me or anybody do it............

[mmichaels1970]

My wife has said that I’m “wider-than-expected” too.

[Cowgirl of Justice]

Yep- if you have any gift cards, you may want to use them NOW.

[Josa]

And I Helped them get there

[The Duke]

Maybe Mike Lindell can buy them out for pennies on the dollar.

[Josa]

I stopped buying anything from them. If they were on a wedding registry I did not even consider using that registry

[FamiliarFace]

Passed this along to family. Thanks for posting.

[T.B. Yoits]

Many retailers such as Bed, Bath, and Beyond do well because of the efforts of their suppliers who don't have as many retail outlets to sell through. They were the only place to buy some cool stuff and their suppliers made sure to fill orders in a timely and efficient manner. Unfortunately, as other retailers internet sales expanded, Bed, Bath, and Beyond became less of the sole go-to destination.

Another issue with retailers such as Bed, Bath, and Beyond is that people's taste for such lesser-found items varies by region. and even within regions. It's difficult to buy in large enough quantities to fill only some stores at a price point that doesn't send customers to online alternatives. Retailers avoid "piece-pick" operations due to the higher cost but some Bed, Bath, and Beyond store items couldn't move items in sufficient quantities to justify shipping full cases to the stores.

Bed, Bath, and Beyond also carries specialized items that require a moderate to high level of employee knowledge which calls for a considerably higher salary range. Multiply that across an entire chain, especially in retail, and it becomes unwieldy.

[bigbob]

He should buy it out of bankruptcy and then kill it with fire.

[fretzer]

I liked the kitchen stuff but I’ve not been to a BBY in 5+ years.

[tomkat]

.. and drive away alone wearing her mask inside her car.

I'd invariably LOL every time I saw one of those moronic mask-wearing solo-driving sheep.

Actually, the laughs haven't stopped cuz you still see one every once in a while   :-))

[mewzilla]

Holy crap.

That’s not bleeding red ink.

It’s hemorrhaging it.

[Bikkuri]

They should have kept their nose out of politics.

[Jewbacca]

“ Piss off 86 million voters and you go out of business”

Not just voters, but voters who are the core demographic of who are your customers — middle class homeowners with families.

Bed, Bathhouses, and Beyond Stupid.

[DAC21]

They are done. I don’t think I have been to that store since 2017 even though it was only a couple miles away. Well, I couldn’t now even if I wanted too as it closed two years ago. Around the time they ditched My Pillows. Screw them.

[DAC21]

“Maybe Mike Lindell can buy them out for pennies on the dollar”

Bed, Bath and My Pillows.

I like the ring of that!

[Jeff Chandler]

I don’t fault anybody for wearing a mask if they so choose.

When I spotted someone jogging or walking a dog with a mask on, I assumed he was stupid.

[existentially_kuffer]

Finally, Lori Griner of Shark Tank can stop hyping her so called connections to retailers like Bed, Bath & Beyond.