![]() Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Arnal was named as a defendant in a class action lawsuit accusing him, Ryan Cohen and other large shareholders of engaging in a “pump and dump” scheme to artificially inflate the price of the company’s stock.īed Bath & Beyond said in August that sales at stores open for at least one year plunged 26% during its latest quarter. Earlier this month, Gustavo Arnal, the retailer’s chief financial officer, jumped to his death from a New York City high rise. It’s a fraught time for the home-goods chain. “All currently planned store closings have been announced, and we will continue to review our portfolio where it makes sense to profitably support our customers and business,” the company said in a statement. It also secured a crucial $500 million in new financing as the holiday shopping season approaches. Along with shuttering stores, the company said in August it will lay off about 20% of its corporate employees and cut some of its in-house home goods stores. The downsize is part of the struggling retailer’s last-ditch effort to stabilize as it struggles in financial turmoil. Kevork Djansezian/APīed Bath & Beyond's chaotic 90s beauty isn't for the internet age FOX Business' Lucas Manfredi contributed to this article.Customers shop inside a Bed, Bath & Beyond store in Los Angeles in June 2005. MARK TEPPER WARNS OF A ‘RUDE AWAKENING’ FOR THE MARKETSĪnd it anticipates a net loss of approximately $385.8 million for the third quarter of fiscal year 2022, including impairment charges of approximately $100 million, compared to a net loss of $276.4 million from the same time last year. Lakewood: 5830 Lakewood Towne Center Blvd., S.W.īed Bath & Beyond said it expects to report net sales of approximately $1.259 billion compared to $1.878 billion from the same time last year, reflecting lower customer traffic and reduced levels of inventory availability. Leesburg: 532 Fort Evans Road Washington Wichita Falls: 3201 Lawrence Road Suite A Virginia Port Arthur: Central Mall 3100 Highway 365 Suite 114 Bayamon Plaza Del Sol, 725 West Main Avenue Texas Sandusky: 4020 Milan Road Unit# 910 Oregon Hamilton: Bridgewater Falls, 3451 Princeton Road GET FOX BUSINESS ON THE GO BY CLICKING HERE Ohio Charlotte: The Arboretum, 3413 Pineville-Matthews Road Sparks: 195 Los Altos Pkwy North Carolina Plattsburgh: 73 Centre Drive, Suite 100 Nevada Middletown: 470 Route 211 East, Suite 3 Flanders: 30 International Drive, Suite 1 Cloud: 3959 Second Street South New Jersey White Lake Twp.: 9050 Highland Road Minnesota Walker: Green Ridge Square, 3410 Alpine Avenue NW Northville: Northville Retail Center, 17223 Haggerty Road Farmington Hills: 31075 Orchard Lake Road Bossier City: 2900 Meadow Creek Drive MassachusettsīED BATH & BEYOND APPOINTS INTERIM CFO Michigan Waterloo: 1522 Flammang Drive Louisiana Gurnee: 6132 Grand Ave., Gurnee Mills Mall Fairview Heights: Fairview Center, 6611 N. Snellville: Presidential Market Center, 1905 Scenic Hwy Suite 5000īED BATH & BEYOND HAD CONCERNS ABOUT CFO'S STRESS LEVEL Illinois Waterford: 850 Hartford Turnpike Florida Stamford: Ridgeway Shopping Center, 2275 Summer Street Santee: 9918 Mission Gorge Road Connecticut San Leandro: 15555 East 14th Street, Suite 240 Tucson: 5225 South Calle Santa Cruz California ![]() Inquiries by FOX Business to the company about whether this list would be expanding were not immediately returned.īelow is the full list of affected store locations by state as of the September update. At the time, the company was putting together a turnaround plan, which has since fallen flat based on the latest update. In September, the company released a list of 56 stores that will close. "While the Company continues to pursue actions and steps to improve its cash position and mitigate any potential liquidity shortfall, based on recurring losses and negative cash flow from operations for the nine months ended November 26, 2022, as well as current cash and liquidity projections, the Company has concluded that there is substantial doubt about the Company's ability to continue as a going concern," she said.
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