$Bed Bath & Beyond(BBBY)$If BBBY could make some money, it would be worth far more than its present $1.1 billion. It did $7.3 billion in business last year. Even its “disastrous” May quarter saw revenue of$1.46 billion.
The trouble is it lost $358 million, or $4.49 per share, on those May quarter sales, leading to reportssuppliers might halt product shipments. A newloan deal eased those worries, but only temporarily.
The retailer’s earlier plans, based on private labels and a more “curated” selection under former CEO Mark Tritton, have been abandoned. But how will BBBY raise cash, bring shoppers back, and solve itssupply chain woes? Will it sell Buy Buy Baby, a successful baby products chain Cohenwanted it to dump? Buy Buy Baby may not be worth as much now as before, given growing recession fears.
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