Bed Bath & Beyond Inc is reviving bankruptcy preparations, Bloomberg TV reported on Wednesday, as the home goods retailer has struggled with dropping sales and competition from big-box retailers for a while.
FILE PHOTO: A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022.
Andrew Kelly//File Photo/File Photois reviving bankruptcy preparations, Bloomberg TV reported on Wednesday, as the home goods retailer has struggled with dropping sales and competition from big-box retailers for a while.Bed Bath & Beyond did not immediately respond to a Reuters request for comment.plans to sell $300 million worth of its shares and once again warned it might have to file for bankruptcy if it cannot raise funds from the sale.
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