Thread regarding Bed Bath & Beyond layoffs

How low will it go?

Ready for tomorrow? Stock took a big hit today, who thinks it can go sub $10 after the earnings announcement tomorrow?

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Post ID: @OP+1eF1FnlW

17 replies (most recent on top)

i dunno bout anywhere else, but my guess is that remodels are taking so long because, at least in my district, we have one person doing all the stores that are getting them, and he probably has a crew of just a few people; just like everything we do, it's always half a**ed and as cheap as possible

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Post ID: @1klt+1eF1FnlW

And here’s another gem.
MT took over as CEO November of ‘19.
BBB is still paying the old CEO his salary as part of his exit package. 3 year severance.
The idea of his severance in light of current closings that he’s a least partially responsible for.

Buried in the financials.

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Post ID: @1eus+1eF1FnlW

It’s amazing how easily people are led.
The information is always available but bury it behind some slick talking (liar) figure head and 50% of a given population will lap it up as truth.

A CNBC talking puppet actually said BBB had a decent quarter.
They lost $100 million dollars in sales ,by MT’s own admission, through miss allocation of stock. They put the product in the wrong places and missed out on $100 million dollars.
And it wasn’t supply chain. Inventory is up $300 million dollars over last period.

MT claims the flagship remodeled Chelsea store is comping so much higher (30% despite lower traffic) simply on its remodel but has only managed to remodel 80 stores out of over 1000 stores. Do the math. Assuming his numbers are correct, simply remodeling all the stores would add several billion in sales per year. Even a 10% jump on $8 billion in sales seems to justify getting it done. Same store sales for BBB were down 10% this period. Fix the stores and fix the problem.
Why are they wasting billions on buy backs and dragging their feet on remodels.
My local Target has had a major and several minor remodels in the last year+.

Read the financials!

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Post ID: @1kwo+1eF1FnlW

what does the president or any of the cultural changes have to do with anything? the company has been on the downslide for a while, and MT was brought in to speed it up while padding their pockets; for the record, all the people who complain we don't sell mypillow anymore, our store used to get more returns of those then we sold because they sucked. whatever the reason for not carrying them anymore was, good riddance, but we really don't carry any as seen on tv stuff anymore so....enough already

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Post ID: @1vvy+1eF1FnlW

lol-there it is. the dumpster supporters have taken over this depressing board hoping to recruit for their cult. i wondered how long it would take....

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Post ID: @1lmb+1eF1FnlW

By “feedback from customers” do you mean big sales increases? Short of that nothing else matters!

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Post ID: @1wdm+1eF1FnlW

MT's spin is bragging about how many beyond+ signups we've had....side stepping the fact that we've been offering it for free, lol

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Post ID: @aci+1eF1FnlW

being a meme stock will keep it above the red

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Post ID: @bij+1eF1FnlW

MT will be on Cramer this evening putting a spin and candy coating on BBBY's Q3 failures

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Post ID: @bec+1eF1FnlW

After this anyone who thinks this company will be around much longer is insane. Factor in they lost the registry business to Amazon and Target, what is left? The stock price is not what should be focused on if you still work at BBB. Your focus should be how quickly you can find another job.

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Post ID: @ptm+1eF1FnlW

It’s hard to predict a meme stock but earnings are a disaster and I think it should fall through to single digits.

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Post ID: @erp+1eF1FnlW

@feedback from customers…not sure what store you are in but this “new look” has gotten us nothing but “Are you closing?” since is started. The only thing I’d cross my fingers for is a severance. There is no more assortment. What kept our customers coming back is gone. The most unique thing in my store is the stupid Drain Weazle. That’s what people want…that weird stuff you can’t find anywhere else. It’s gone and so are they.

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Post ID: @ygg+1eF1FnlW

I work at a store and the feedback from the customers for the changes and new
look has been nothing but positive.Fingers crossed for a great 2022

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Post ID: @xtc+1eF1FnlW

The stock is really undervalued. There is a strong future for us as we overcome these small hurdles. MT has long term vision and everyone that sticks with it will enjoy huge rewards.

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Post ID: @pnd+1eF1FnlW

The stock isn’t worth the leverage which has been used to prop up the stock.

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Post ID: @ybd+1eF1FnlW

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