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Bed Bath & Beyond Dying – Darlinez News.

<p> &lbrack;ad&lowbar;1&rsqb;<br &sol;>&NewLine;<&sol;p>&NewLine;<div>&NewLine;<p>Adding to the long list of problems that will take Bed Bath &&num;038&semi; Beyond under&comma; Bloomberg reports that some suppliers have stopped shipping products to the retailer&period; They do not trust the company’s balance sheet to be strong enough for them to get paid for inventory&period; It is the last in a series of problems that will ruin the retailer&period;<&sol;p>&NewLine;<p>Bloomberg also reported that some suppliers had not been paid since the summer&period; Others claim the money Bed Bath raised recently was used to pay bills that were in arrears&period; This means it has little money left to pay for the inventory it needs for the holidays&period; Strong holiday sales are the only thing that will keep Bed Bath afloat&comma; and those sales are in severe jeopardy&period;<&sol;p>&NewLine;<p>The inventory problem may not matter because other problems will cause the retailer’s demise&period; Sue Grove&comma; the interim CEO&comma; has decided to take the job permanently&period; She could find that permanently may be a few months&period; She has worked in retail before&comma; but even the CEO of Walmart could not fix Bed Bath &&num;038&semi; Beyond’s troubles&period;<&sol;p>&NewLine;<p>The company has closed over 18&percnt; of its stores and laid off hundreds of people&period; Is it any wonder&quest; The retailer’s financial results are in shambles&period; Revenue dropped 28&percnt; in the most recently reported quarter to &dollar;1&period;4 billion&period; This is a worse slide than the one at J&period;C&period; Penney before it disintegrated&period; Bed Bath &&num;038&semi; Beyond lost &dollar;366 million&period; The retailer said same-store sales would drop 20&percnt; for the fiscal year&period; Perhaps it will close enough stores to mitigate that&period;<&sol;p>&NewLine;<p>Grove said at the time of the release&comma; &OpenCurlyDoubleQuote;Our results for the second quarter came in as previously expected and announced&period; While our sales and profit results do not yet reflect the strategic and financial actions we have initiated to change our performance&comma; they do demonstrate sequential progress in several key areas&period;” What must a lack of progress look like if she calls this progress&quest;<br &sol;>The company’s stock has entered penny stock territory recently&period; It is down 70&percnt; this year to &dollar;4&period; Wall Street has completely abandoned the chances of recovery&period;<&sol;p>&NewLine;<p>Among Bed Bath &&num;038&semi; Beyond’s problems is its shrinking store count&period; While this may save a modest sum&comma; for the time being&comma; a smaller store count means some consumers will find it harder to find a store close to them&period; The inconvenience has helped ruin other retailers&comma; like Sears and Kmart&period;<&sol;p>&NewLine;<section id&equals;"email-subscribe" class&equals;"section section-email-sub single-email-sub"><&excl;-- div&period;svg-icon --><&sol;p>&NewLine;<div class&equals;"container">&NewLine;<div class&equals;"subscribe-message" style&equals;"line-height&colon; 1&period;3&semi;">&NewLine;<p>Get Our Free Investment Newsletter<&sol;p>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;section>&NewLine;<p>Like Sears and Kmart&comma; Bed Bath &&num;038&semi; Beyond won’t survive&period;<&sol;p>&NewLine;<div id&equals;"smartasset" style&equals;"margin-bottom&colon; 1em&semi; margin-top&colon; 1em&semi;">&NewLine;<p><b>Sponsored&colon; Tips for Investing<&sol;b><&sol;p>&NewLine;<p>A financial advisor can help you understand the advantages and disadvantages of investment properties&period; Finding a qualified financial advisor doesn’t have to be hard&period; SmartAsset’s free tool matches you with up to three financial advisors who serve your area&comma; and you can interview your advisor matches at no cost to decide which one is right for you&period; If you’re ready to find an advisor who can help you achieve your financial goals&comma; get started now&period;<&sol;p>&NewLine;<p>Investing in real estate can diversify your portfolio&period; But expanding your horizons may add additional costs&period; If you’re an investor looking to minimize expenses&comma;&Tab;consider checking out online brokerages&period; They often offer low investment fees&comma; helping you maximize your profit&period;<&sol;p>&NewLine;<&sol;div>&NewLine;<p>&Tab;&Tab;&Tab;&Tab;<&excl;-- &num;post-footer--><&sol;p><&sol;div>&NewLine;

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