Thread regarding Bed Bath & Beyond layoffs

Bankruptcy Filing in the Second Half of 2020 ?? NOT paying rent for up to 3 MONTHS !

The unprecedented global pandemic has created a limbo for most retail tenants, and in some cases, left landlords without payment of rents. Further, some states have placed moratoriums on eviction actions, allowing tenant to stay and not pay. However, as states begin to open back up for business there appears to be light at the end of this tunnel. Still, expect a host of retailers to file for protection in July and August to eliminate stores and try to renegotiate rents.

Although we normally provide a list of 10 retailers to watch, we have increased the list to 20 given the current state of affairs. Following are the top 20 to retailers to watch for possible Chapter 11 filing(s) in the remaining year:
#4 Bed Bath & Beyond. According to The Motely Fool, the company ended fiscal 2019 with $1.4 billion of cash and investments, up from $1 billion a year earlier. Yet, the company instead of using this time of closed stores to remodel or re-envision itself, has the same old floor plans. Further, it continues to have difficulties in online sales.

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Post ID: @OP+162QFgT7

6 replies (most recent on top)

Ah yes, the Rump supporters at Bloodbath doing the SAME thing he does to avoid paying vendors.

What a shock.

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Post ID: @2ixv+162QFgT7

Yes this company is outdated and yes management is so old fashion outdated they don’t do anything some of these people have been with the company for over 15 years now that I know for a fact .

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Post ID: @1dkc+162QFgT7

https://www.njlawblog.com/2020/06/articles/bankruptcy-creditors-rights/retailers-to-watch-for-bankruptcy-filing-second-half-2020/

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Post ID: @1cud+162QFgT7

They have the money to pay but they weren’t going to spend it on things they knew they couldn’t use. They haven’t paid vendors because they are in negotiations with them on lowering rates and are essentially holding them hostage to that. They are pressuring landlords to lower rates the same way. They CAN afford to pay. That’s not the issue. Many corporations have done this in the past.

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Post ID: @1frh+162QFgT7

Other retailers 20 years ago were ahead of the game. BBB is not even close today. Outdated everything....practices, equipment, inferior product etc. Management with their heads in the clouds.

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Post ID: @ouq+162QFgT7

Damm, I just heard about this. Probably not paying rent and vendors,just to make the earnings report look better. SMH

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Post ID: @okm+162QFgT7

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