![]() ![]() The company's strongest category from an inventory standpoint was home décor, which had an availability rate of 66%. The company, under its new CEO Sue Gove, has tried to reverse course.Ĭategories worse off for Bed Bath and Beyond in December 2022 were kitchen and lighting, which both had a mere 39% inventory availability rate. Here’s an example of how it works: Let’s say the bid price for BBBY stock is 43 and the ask price for BBBY stock is 44, then the bid-ask spread for BBBY stock is 1. In May, the company's board pushed out CEO Mark Tritton, who advocated for limited inventory and a focus on private-label brands. The threat of bankruptcy comes months after the company said it would slash 20% of corporate jobs and close 150 stores. Availability of the website: Lang & Schwarz TradeCenter AG & Co. These inventory issues come as Bed Bath and Beyond started 2023 on a tumult ous note, writing in an SEC filing Thursday that it had "substantial doubt" it could continue running the business. ![]() "While management noted in the release that it leveraged the liquidity gained from the holiday season to pursue higher in-stock levels, the challenged inventory position is troubling given part of the near-term strategy to improve performance is to bring back national brand products." "During the quarter, inventory levels were negatively impacted by reduced credit limits for Bed Bath," Raymond James analyst Bobby Griffin wrote in a note Thursday. Continued declining sales could push the company into bankruptcy. The lack of inventory puts Bed Bath and Beyond in a major quagmire: It wants to bring back national brand products to improve performance, but it has a limited supply of products to offer. Account icon An icon in the shape of a person's head and shoulders. The Bed, Bath & Beyond share price forecast from AIPickup showed the stock averaging 12.16 in 2025, down from 13.10 in 2022 and 16.67 in 2023.
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