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Bed Bath & Beyond nộp đơn xin phá sản
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Bed Bath & Beyond came out of the 2008 downturn a winner. Competitors like Sharper Image and Linens 'n Things filed for bankruptcy, but Bed Bath & Beyond actually expanded its business by acquiring other retailers. Its home-goods emporiums (nơi buôn bán, chợ, cửa hàng lớn) full of towels and kitchen aids — all available at a reduced price with that big blue coupon — were beacons (người dẫn đường) that kept shoppers coming back.


Now, as the U.S. economy experiences another period of uncertainty (bất định), Bed Bath & Beyond is no longer on top, the result of an increasingly unwieldy corporate structure and its failure to fully reckon with the ascendance (nổi lên) of online shopping (mua bán qua mạng).

On Sunday, the 52-year-old retailer said it was filing for bankruptcy protection in United States Bankruptcy Court for the District of New Jersey and would be conducting a "limited" process to sell some or all of its business. The company's 360 Bed Bath & Beyond stores and 120 Buy Buy Baby stores and websites will remain open.

To help fund its operations in bankruptcy, Bed Bath & Beyond has raised $240 million from the investment firm Sixth Street Specialty Lending.

...The company’s decline offers a glimpse (cái nhìn thoáng qua) into the forces (lực, xung lực) shaping (định hình) the post-pandemic retail landscape. For companies like Bed Bath & Beyond, whose financial problems were masked as consumers rushed to spend their stimulus money (tiền cứu trợ, kích cầu), the economic concerns of the past few months are exposing those weaknesses. It will become even more crucial for retailers to adapt as shoppers cut back on discretionary spending.

“We are going to see the Darwinism of retail” play out in 2023, said Michael Lasser, a retail analyst at UBS who has covered Bed Bath & Beyond for 16 years.
Tags: finance

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