I don’t understand why they would hire someone at 750K when they have someone who has been doing this job for a while as well as his job and is good at it. Yet they can’t afford to pay severance to the employees they terminated. As bad as the... — read more
Newest closing list
https://bedbathandbeyond.gcs-web.com/static-files/2fc46144-7e9a-4083-b728-3f6cab2d1545 This is the most up to date list available straight from BBBY.
There goes our severance
We are the last on the list in case of bankruptcy. Meaning whoever is laid off will get a big fat zero from now on. Perfect. Just perfect. As if things weren't bad enough at Bed Bath & Beyond as it is, now we're hit with this as well. I can't believe... — read more
Bed Bath & Beyond Preparing to File For Bankruptcy This Week
Link to article: https://finance.yahoo.com/news/exclusive-bed-bath-beyond-preparing-031519167.html You may as well check out the video on Chris Cronin's YT channel.
Bed Bath & Beyond Shuts Down Harmon Website, All Harmon Stores in Full Liquidation
Link to the sites: https://www.bedbathandbeyond.com/store/static/harmon#. https://web.archive.org/web/20230128025652/https://www.harmonfacevalues.com/ Or go to the Chris Cronin's YT channel to see a latest video about it
Reuters reporting BK this week.
Yahoo article. Don't go shooting the messenger- shoot the "sources who don't want to be named" Came out evening of 1/30 but also gives wiggle room for takeover, but more likely after the BK. Severance checks may have to go to Sixth St. partners... — read more
Just FYI-this dropped at 9:15 CST 1/30/23. BK update
https://finance.yahoo.com/news/exclusive-bed-bath-beyond-preparing-031519167.html
Severance
Does anybody in the latest round of closing/liquidation stores know anything about severance payments or if a retention bonus is being offered?
Vancouver Plaza
Can anyone tell me if the BBBY store in Vancouver, Washington at Vancouver Plaza is closing. Trying to order store pickup and it says zero items are available for store pickup, but other locations in my area have several items showing available. I’m... — read more
Reports of a new conference coming up
No idea why. Well, some idea but not speculating.
What stores are closing.
Open website. Click store pickup. Click find a store. Click browse by state. Choose your state. All stores in liquidation have curbside pick-up turned off.
Were you laid off? WARN Act
The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more
Breaking News: All Harmon Face Value Stores Closing
Link to the article: https://finance.yahoo.com/bed-bath--beyond-makes-desperate-move-while-teetering-toward-bankruptcy-183136890.html Link to the video: https://www.youtube.com/watch?v=KvSbfuvOBmQ&feature=youtu.be
Just a suggestion
For all of you still paying into your 401k.. STOP! If I could see into the future you will not be getting a company match at the end of the year!
Is there severance with a confidentiality agreement?
Not asking specifics but the vibe that is not being mentioned is that a few can't answer. Is there a confidentiality agreement involved and that is why no one with a business sense has mentioned anything about this question
They “goofed “
They interviewed the founders yesterday and they said that they goofed about not getting into online sales and curbside pick up like other retailers were starting. Yes they goofed but they are laughing all the way to the bank. They got greedy and... — read more
Time For A Fire Sale
It looks like it may all be over. They can't get anybody to fund CH11 for them. This is why the announcement is taking so long. Nobody comes in to fund CH11, it's fire sale time. Company is preparing for bankruptcy without bidder in place Retailer... — read more
Where's that new store closing list
What's taking them so long to post it?
Oh come on….
How can a company that can’t pay its bills higher someone for $30,000 a month?! Sure let’s pay them, while knowing we won’t be able to pay our actual employees. This company is done for.
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all pto is gone if bbby files bankruptcy protection
use it or lose it now pto is washed out when bbby files for bankruptcy worked for Ames I know
If they owe 2.2 billion
How do they justify hiring a new VP for $750k. The c suite crew are just a bunch of hacks. They can blame Covid and the customers but the real blame falls on the poor mismanagement of the leaders at 650 Liberty oh wait they have been working from... — read more
How soon for the chainwide GOING OUT OF BUSINESS sales?
Other people in my circle are asking
Not paying severance
I just received an email from Lynda M saying they were not paying the most recent severance payments.
Skipping February payments -BBBY
The company was also considering skipping debt payments due on Feb. 1, a source had told Reuters.
Banks have cut off credit lines to BBBY
https://finance.yahoo.com/m/f9951ebb-f6b2-32e5-91a4-ae50566a7853/bed-bath-beyond-says-banks.html People have been trying to tell you to get out of this company. I hope you listened. I really do.
Lenders demanding immediate payment on loans.
https://finance.yahoo.com/m/d2ce6006-d426-35a3-bd36-d52cfe28c4bd/bed-bath-beyond-says-it.html And Bloodbath cannot give them that.
Loan default and trading halted on stock.
https://finance.yahoo.com/m/96756f87-db43-3140-bade-5ffadf0a331b/bed-bath-beyond-stock.html Let's see the memers discount this. Should be fun.
Harmon layoffs
Harmon layoffs started today
Hours Cut Company Wide!!!!
Hold on it’s going to get ugly!
Why are there so many directors and rvp and evp when there is no money?????
kick these pukes to the curb! evp of diversity evp of pricing director of anything. svp customerexperienc we have no customers there should not be anyone making more than 80k at corporate and no vp evp director titltles they are all id--ts
Inventory
Are any stores doing inventory next month? We keep getting sketchy info in our store like it's maybe going to be moved etc. Not the usual sense of urgency at all. 😳
Bed Bath & Beyond gets delisting warning from Nasdaq
https://chainstoreage.com/bed-bath-beyond-gets-delisting-warning-nasdaq?fbclid=IwAR100XE_-P9ukePds8gYWWyhzIGD16C0FLhYX3OqRkqE6xYR5zhJx_zwGYE&mibextid=S66gvF
Website down
The website is barely loading today no matter which device I go to it on. Guess there’s nobody left to fix it? Or why bother since liquidation sales aren’t held online.
If Bed Bath & Beyond closes more stores, these companies could benefit the most
https://archive.ph/wRMXV#selection-1033.0-1036.0
Judas Goats
Look up the definition and see if you think it applies to corporate in this case. Who wants to be slaughtered for these goats?
Board of Directors cashing out
The Board of Directors canceled huge amount of their stocks in exchange for cash. That’s what these SEC filing from today show. Is this a sign that they are cashing out while they still can? And amazing that they can do this while regular... — read more
Bed Bath & Beyond Filing For Chapter 7
With no more inventory being sent to the store, will the company file for Chapter 7 today or tomorrow?