As an expansion of its efforts to “aggressively address underperforming stores,” Big Lots is increasing its store closure range from 150 to 315 stores. The company, which has reconfigured financing as it has suffered losses and lower comparable sales, has entered into...
Earnings slid at JCPenney in the fiscal year ended February 3, 2024, with sales down if in a lesser way. Penney Intermediate Holdings reported a net income of $30 million versus $221 million in the year before. After a currency translation adjustment, income was $29...
Bed Bath & Beyond on June 12 selected Overstock.com, Inc. to act as the stalking horse bidder for certain of its intellectual assets at a proposed purchase price of $21.5 million, according to a filing with the United States Bankruptcy Court in New Jersey. If the...
As it winds down operations, Bed Bath & Beyond has announced that it was notified by the Nasdaq Listing Qualifications Department that the market had determined to delist the company’s common stock although trading will continue temporarily. Bed Bath &...
As it continues working to repair its finances, Bed Bath & Beyond has set plans for a special shareholder meeting to update the company’s Amended and Restated Certificate of Incorporation so it can execute a reverse stock split. The intention is to give the...
