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Bed Bath & Beyond announced in July 2020 that it planned to close more than 200 stores, about 21% of its fleet, over two years, citing the COVID-19 pandemic. [38] 63 locations targeted for closure were named that September, [39] followed by another 43 in January 2021. [40] In January 2022, Bed Bath & Beyond announced the closure of 37 more ...
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Beyond, Inc. (formerly known as Overstock, Inc.) is an American online retailer that owns the "Bed Bath & Beyond" and the "Overstock" brands, and runs online stores named with those brands. [2] The Midvale, Utah -based company acquired and adopted the name of bankrupt big-box retailer Bed Bath & Beyond in 2023.
The company continued to struggle through the retail apocalypse, and in late summer of 2022, Bed Bath & Beyond announced plans to close 150 stores, lay off 20% of its corporate and supply chain staff, and eliminate the role of COO and CSO within the company. Liquidity was raised to about $1B after a loan and additional financing were secured.
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In a seven-year collaboration, Bed Bath & Beyond entered into a $17 million term loan credit agreement. Some $8.5 million of that is a convertible note, which means it can be converted into stock ...
From simple beginnings to becoming a national retail titan that sold everything from coffee makers to candy, the company's more than 50-year long journey has been both adventurous and chaotic.
English: Interior of a closing Bed Bath & Beyond store in Roseville, Michigan. This store is among the last remaining Bed Bath & Beyond locations, and is scheduled to close permanently in June 2023. This store is among the last remaining Bed Bath & Beyond locations, and is scheduled to close permanently in June 2023.