Bed Bath & Beyond Inc

A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023.Stephanie Keith | Bloomberg | Getty ImagesBed Bath & Beyond is expected to be dissolved after the failed retailer declared bankruptcy, but the company's crown jewel – Buy Buy Baby – may live to see another day. The baby gear retailer is drawing interest from at least two bidders as its parent company Bed Bath & Beyond works to auction off its assets and keep some form of its business alive, CNBC has learned. The interested…

A closed Bed Bath & Beyond store in San Francisco, California, US, on Monday, April 24, 2023. David Paul Morris | Bloomberg | Getty ImagesIn strip malls across the country, Bed Bath & Beyond stores have "Closing Soon" signs.For other retailers, those may as well be "For Rent" signs.The home goods retailer, which filed for bankruptcy Sunday, won't only create opportunities for competitors to gain new customers and market share. Its shuttered stores will kick off a land grab for retailers hungry for additional…

Bed Bath & Beyond is confident it can offload its names and stores after it declared bankruptcy, but shareholders are expected to be wiped out as its stock plummets. The storied retailer, which declared bankruptcy Sunday after a series of failed Hail Mary efforts to keep operations running, detailed its descent to insolvency in a series of court filings. But the company noted it is still marketing the business to avoid outright liquidation. "While the commencement of a full chain wind-down is necessitated by economic…

A "Store Closing" banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023.Johnny Milano | Bloomberg | Getty ImagesBed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after it failed in several last-ditch efforts to raise enough money to keep the company alive.The beleaguered home goods retailer has been warning of a potential bankruptcy since early January, when it issued a "going concern" notice that it may not have the cash to cover expenses after a dismal holiday…

Shoppers walk into a Nordstrom department store on March 03, 2023 in Austin, Texas. Brandon Bell | Getty ImagesNordstrom on Monday said it has tapped former Nike operating chief Eric Sprunk to join its board, as the company faces pressure from an activist investor.Nordstrom shares jumped about 4% on Monday.Sprunk, who was Nike's COO from 2013 to 2020, will join the board immediately, the company said. With the appointment, Nordstrom said its board will grow to 11 directors.In a news release, Nordstrom board member Brad…

A customer leaves a Bed, Bath and Beyond store on August 31, 2022 in Oakland, California.Justin Sullivan | Getty ImagesBed Bath & Beyond wants shareholders to approve a reverse stock split at an upcoming special meeting, as the retailer keeps working to avoid filing for bankruptcy, according to a securities filing late Wednesday. The retailer's board is calling on shareholders to approve the reverse stock split at the May 9 meeting so it can have enough shares available to raise up to $300 million in equity from a…

Customers carry bags from Bed Bath & Beyond store on April 10, 2013 in Los Angeles, California.Kevork Djansezian | Getty Images News | Getty ImagesBed Bath & Beyond announced Wednesday it is working with Hilco Global to get merchandise back on its shelves in the company's latest effort to stay alive and avoid bankruptcy. The home goods retailer has entered into a vendor consignment program with ReStore Capital, an investment manager under Hilco that provides "creative financing solutions" to struggling companies. …

An exterior view of a Bed Bath & Beyond store on February 7, 2023 in Clifton, New Jersey. Kena Betancur | Corbis News | Getty ImagesBed Bath & Beyond is warning of a bankruptcy filing — again — if a proposed $300 million stock offering doesn't pay off.The beleaguered retailer said if it doesn't receive proceeds from the stock offering, announced Thursday, it will likely need to file for bankruptcy protection.In addition, the company disclosed that the loans it secured last year were downsized. According to a…

A GameStop store operates in a strip mall on March 16, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesGameStop on Tuesday posted a quarterly profit for the first time in two years, finishing out the year on a high note after grappling with sales declines, inventory woes and cash flow pressure.Shares of the company jumped about 35% during after-hours trading.For the quarter ended Jan. 28, net sales dropped slightly to $2.23 billion from $2.25 billion in last year's fourth quarter. The video game retailer also posted a…

Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering. Jeff Greenberg | Universal Images Group | Getty ImagesNordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street's expectations.The company said it expects sales to decline in the new fiscal year, reflecting in part its decision to wind down its Canadian operations."We entered Canada in 2014 with a plan to build and sustain a long-term business there. Despite our…