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Bed Bath & Beyond’s Demise Creates Fresh Opportunities, Retail Landlords Say

Hundreds of shopping centers across the U.S. are poised to lose their anchor tenant in the coming months after Bed Bath & Beyond Inc. filed for bankruptcy and announced plans to eventually close its remaining stores.  While property owners will have to absorb additional costs to lure replacement tenants, and some might still struggle to fill large vacated spaces, many landlords say they aren’t worried.  Hundreds of shopping centers across the U.S. are poised to lose their anchor…

Bed Bath & Beyond’s Woes Prompt Landlords to Line Up New Tenants

But landlords who own big-box space occupied by the troubled home-goods retailer are more confident about finding new tenants than they would have been in years past, according to property owners and retail analysts. One of the bigger Bed Bath & Beyond landlords has received commitments from tenants to fill all 12 locations if and when they close, according to a person familiar with the matter, including Sephora, Trader Joe’s, Dick’s Sporting Goods Inc., T.J. Maxx,…

Bed Bath & Beyond’s Collapse Draws Suitors for Buybuy Baby

The unraveling of Bed Bath & Beyond Inc. BBBY -24.62% could unlock one of the company’s strongest businesses: the Buybuy Baby chain of stores selling strollers, cribs and other infant gear. Bed Bath, which is preparing for a bankruptcy filing, has been in discussions with private-equity firm Sycamore Partners and another suitor about a deal to sell the baby chain as part of its chapter 11 restructuring, according to people familiar…

Bed Bath & Beyond’s chief customer and technology officer resigns

A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location.Scott Mlyn | CNBCBed Bath & Beyond's chief customer officer, Rafeh Masood, has resigned, marking the latest leadership change at the embattled retailer.Masood also held the role of chief technology officer. His resignation is effective as of Dec. 2, the company said in a regulatory filing.Bed Bath & Beyond said the departure is "not the result of any disagreement" with the company on any matter relating…

Bed Bath & Beyond’s CEO Sue Gove Hosts Suppliers in Plea for Support

On her first day as permanent chief executive of Bed Bath & Beyond Inc., BBBY 1.10% Sue Gove made a plea to suppliers of the struggling home goods retailer: Stick with us. The company hosted roughly 500 suppliers virtually and at its Union, N.J., headquarters for a two-hour summit in which executives laid out their strategy for resuscitating the chain, which has been reeling from a failed overhaul under prior…

Bed Bath & Beyond’s Losses Widen as Sales Drop 28%

Bed Bath & Beyond Inc. BBBY -4.18% is catching up on past due payments to suppliers, giving the troubled home-goods seller some breathing room as it tries to turn itself around. The respite may be temporary. Analysts said the company faces another cash crunch unless it can reverse a steep drop in sales and ballooning losses. Sales fell 28% to $1.44 billion for the three months ended Aug. 27, compared with $1.99 billion a year earlier. Same-store sales, which…

Bed Bath & Beyond’s rare bright spot just reported a big drop in sales

A customer carries a Buy Buy Baby shopping bag in New York, US, on Thursday, Aug. 25, 2022.Gabby Jones | Bloomberg | Getty ImagesBuybuy Baby has been a rare bright spot for struggling Bed Bath & Beyond.On Thursday, however, the baby gear chain reported a steep quarterly sales drop — raising eyebrows and prompting concerns that it may also be losing customers.Buybuy Baby's comparable sales declined by a high-teens percentage compared with a year ago in the three-month period ended Aug. 27. At Bed Bath & Beyond's…

Bed Bath & Beyond’s Challenges Linger After Loan Deal

Bed Bath & Beyond Inc . selected asset manager Sixth Street Partners to supply new financing, according to people familiar with the matter, as doubts remain among vendors and some investors about the company’s turnaround prospects. Sixth Street is in exclusive talks with Bed Bath & Beyond and is nearing final terms for a loan of close to $400 million to shore up the troubled retailer’s liquidity, according to people familiar with the matter. Negotiations to finalize the loan documents are…

Bed Bath & Beyond’s Fizzling Rally Narrows Options for Cash Infusion

Bed Bath & Beyond Inc.’s financing options to help staunch its cash bleed have narrowed after billionaire activist Ryan Cohen sold all his shares in the company last week. Now, the struggling retailer is under more pressure to persuade lenders to provide it with fresh funds.Since Mr. Cohen on Wednesday announced plans to sell his entire 10% stake, many of the individuals who followed him to invest in the retail chain’s shares have also sold. Its stock slid…

FLASHPOINT BEYOND’s Jeremy Adams and Tim Sheridan clarify what matters and what doesn’t

It’s been more than a decade since readers were introduced to the Flashpoint, the alternate timeline inadvertently created by the Scarlet Speedster himself, Barry Allen, when he messed with the timeline. The world of Flashpoint was vastly different in many ways to the main DC Universe, including Thomas Wayne taking on the Batman mantle after witnessing the murder of his son Bruce in that fateful alley. Following the conclusion of the 2011 series that ushered in DC’s New 52 initiative, the Thomas Wayne Flashpoint Batman…