
the staff of the Ridgewood blog
Paramus NJ, Bed Bath & Beyond said it might not be able to continue as a going concern, bringing another US retail chain to the precipice of bankruptcy and potentially placing tens of thousands of employees at risk. The news comes less than a day after Amazon said it was firing more than 18,000 employees—8,000 more than expected—the biggest wave of terminations in its history.
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The company, based in Union, NJ, said that it’s looking at several options including restructuring its business in bankruptcy court, but it acknowledged that even those efforts may not be successful. Shares fell 30% to $1.69 on the news.
In September of 2022 Bed Bath & Beyond announced dozens of the roughly 150 stores it plans to close including the location in the Fashion Center in Paramus.
BuyBuyBaby will likely be spun off or carved out in chapter 11.
Absolutely everything in the store is available online through the likes of Amazon and Walmart. I can’t believe it’s managed to hold on this long.
Go woke, go broke.
What?
Ok, I’ll bite. What is “woke” about Bed, Bath, and Beyond? Is it the beyond?
Please be specific.
The Christmas Tree Shop is great
you mean the “Holiday Shop”…. right?