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☆ Fico assassination attempt exposes risks for politicians in a polarized Europe
▼ + stars: | 2024-05-16 | by ( Luke Mcgee | Ivana Kottasová | ) edition.cnn.com time to read: +8 min

CNN —The horrific scenes in Slovakia following the assassination attempt on Prime Minister Robert Fico are a stark and brutal reminder of the dangers facing those who seek public office. Security personnel apprehend a suspected gunman after Slovakia's Prime Minister was shot in Handlova, Slovakia on May 15, 2024. President Zuzana Caputova appoints Robert Fico the new Slovakian prime minister at the Presidential Palace in Bratislava, Slovakia, on 25 October 2023. In 2022, Giorgia Meloni became Italy’s prime minister after running on an anti-immigration, socially conservative ticket. Former Japanese Prime Minister Shinzo Abe was shot dead in July 2022 as he gave a campaign speech.

Persons: Robert Fico, Fico, Zuzana Čaputová, ”, George Soros, Čaputová, Fico’s, Zuzana Caputova, Jakub Gavlak, Giorgia Meloni, Covid lockdowns, Jo Cox, DANIEL LEAL, David Amess, Shinzo Abe, Fernando Villavicencio –, – Organizations: CNN, Slovakia's, Getty, Fico, Slovakian, Parliamentary, Parliament, Political, Hamas, British Labour, AFP, Conservative, ISIS, Japanese Locations: Slovakia, Russia, American, Europe, Ukraine, Gaza, Handlova, AFP, Bratislava, Netherlands, Israel, London, Britain

☆ Beyond Meat’s stock surges after CEO promises to steeply cut costs in 2024
▼ + stars: | 2024-02-27 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

The troubled plant-based meat company, which has partnerships with McDonald’s and KFC owner Yum! “Our 2024 plan includes taking steps to steeply reduce operating expense and cash use,” Beyond Meat CEO Ethan Brown said in a statement. On a Tuesday call with Beyond Meat’s investors, Brown outlined a set of initiatives intended to rightsize the struggling company. Brown said the company would cut at least $70 million from Beyond Meat’s operating budget in 2024. The company also reported its full-year 2023 financial results Tuesday, reporting a net loss of $338.1 million for the year.

Persons: Ethan Brown, Brown Organizations: CNN, McDonald’s, KFC, Brands

☆ Buybuy Baby Comeback Bets Expectant Parents Want to Shop in Stores
▼ + stars: | 2023-11-27 | by ( Kate King | ) www.wsj.com time to read: 1 min

Baby-products retailer Buybuy Baby plans to open over 100 new U.S. stores in the next three years. Photo: Kate King/The Wall Street JournalWEST HARTFORD, Conn.—The new owners of Buybuy Baby recently reopened 11 stores, betting that many expectant parents still prefer to shop for strollers, cribs and car seats in person. Those stores had been closed for roughly three months after former parent company Bed Bath & Beyond’s bankruptcy. The baby-products retailer plans to open more than 100 new U.S. stores over the next three years, the company said, and eventually expand internationally. That number would put the company’s store footprint on par with where it was before the chapter 11 filing.

Persons: Kate King, —, Buybuy Organizations: Street, WEST HARTFORD, Bed Locations: Conn

☆ Empty Bed Bath & Beyond stores are hot real estate. Here’s who’s moving in
▼ + stars: | 2023-11-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

(Overstock.com bought Bed Bed & Beyond’s brand out of bankruptcy and has relaunched it online, complete with the 20% coupons.) Burlington, Michaels, Barnes & Noble, Ollie’s Bargain Outlet, Macy’s, HomeGoods and other chains have replaced old Bed Bath & Beyond stores. The majority of Bed Bath & Beyond’s stores are in the suburbs of mid-size and large cities, and are under 50,000 square feet. Bed Bath & Beyond spaces have been grabbed up swiftly at rents of up to 50% what Bed Bath & Beyond was paying, according to commercial real estate investment firm CBRE. Kimco Realty, a real estate owner with 26 former Bed Bath & Beyond leases, said that new leases were 38% higher than Bed Bath & Beyond rents.

Persons: Michael O’Sullivan, Barnes, Noble, hasn’t, Warby Parker, Brandon Isner, CBRE’s, ”, TJ Maxx, REI Organizations: New, New York CNN, Sears, Circuit, Kmart, Burlington, Bed, Kimco, Sports Authority Locations: New York, Burlington, . Burlington, Michaels, Kimco, HomeGoods

☆ Bed Bath & Beyond is back from the dead
▼ + stars: | 2023-08-01 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

Brought back to lifeJohnson promised newness blended with familiarity for Bed Bath & Beyond customers in the latest digital-only version of the retailer. “It will have the same great bed, bath and kitchen items but it will also have a much bigger beyond,” he said. Fans of Bed Bath & Beyond’s 20%-off a single item “Big Blue” coupon will be somewhat disappointed that it will not be resurrected. “I guess what I would say about the coupon is that if you like Bed Bath & Beyond coupons in the past, you will like new Bed Bath & Beyond mobile app we will be rolling out with launch in US,” said Johnson. Bed Bath & Beyond“We’ll still be offering coupons even if they’re not as large as the 20% coupon that people expected and frankly demanded from Bed Bath & Beyond,” said Johnson.

Persons: Overstock.com, ” Jonathan Johnson, ”, Johnson, newness, Beyond.com, What’s, “, it’s, We’ll, Beyond’s Organizations: New, New York CNN, Bed, CNN, Beyond, US Locations: New York, ”, New Jersey

☆ Babies R Us makes a comeback with new US flagship store
▼ + stars: | 2023-07-18 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

CNN —First came Toys R Us’ roller coaster revival, and now Babies R Us is experiencing its own rebirth, too. Babies R Us, which went out of business in tandem with its parent company, Toys R Us, in 2018, is opening its new US flagship store on Wednesday at the American Dream Mall in New Jersey. Tru Kids had bought Toys R Us (which also owned Babies R Us) in a 2018 liquidation sale and had attempted to resurrect the toy store chain, opening two locations in New Jersey and Texas in late 2019. It opened a new 20,000 square foot Toys R Us flagship store, also at the American Dream Mall, in December 2021. He said Babies R Us’ comeback will “mimic” that of Toys R Us: “Expect the same ambitious rollout,” said Shmidman, adding that WHP is looking at taking Babies R Us nationwide with a similar partnership to Macy’s-Toys R Us.

Persons: CNN —, Yehuda Shmidman, ”, Jarrett Birnbaum, reemergence, –, Shmidman, “ Organizations: CNN, US, WHP, Tru, Macy’s, Bed Locations: New Jersey, Texas

☆ Buybuy Baby stores to close amid Bed Bath & Beyond's ongoing bankruptcy liquidation
▼ + stars: | 2023-07-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —Buybuy Baby will close all of its stores as part of its parent company Bed Bath & Beyond’s ongoing bankruptcy liquidation. The deal did not include the chain’s 120 physical retail stores. Bed Bath & Beyond’s brand name, domain and loyalty program assets were purchased by Overstock.com for $21 million last month after filing for bankruptcy in April. The acquisition also did not include Bed Bath & Beyond’s brick-and-mortar stores, which have closed. In a March 2022 letter, former Bed Bath & Beyond activist investor Ryan Cohen said he believed Buybuy Baby was “much more valuable than the Company’s entire market capitalization today.”

Persons: Janie, Jack, Ryan Cohen, ” Organizations: CNN, Bed, CNBC, Sixth Street Partners, Go, Overstock.com, Beyond, & $ Locations: New Jersey, Bath

☆ Overstock Sees a Future in Calling Itself Bed Bath & Beyond
▼ + stars: | 2023-06-28 | by ( Jordyn Holman | ) www.nytimes.com time to read: +1 min

Soon, Overstock.com will become Bed Bath & Beyond — at least in digital form. Overstock, which last week paid $21.5 million to acquire the bankrupt retailer’s intellectual property, said on Wednesday that it would start operating its website under the Bed Bath & Beyond name. Company executives plan to eventually bring back Bed Bath & Beyond’s popular wedding registry. As Overstock folds the bankrupt retailers’ assets into its own operations, it is considering renaming its business entirely, said Jonathan Johnson, the company’s chief executive. It might settle on Bed Bath & Beyond, he added, but other names are being considered, too.

Persons: Overstock.com, Jonathan Johnson Organizations: Bed, Company Locations: Canada, United States

☆ Judge approves Overstock’s $21.5 million purchase of Bed Bath & Beyond’s brand
▼ + stars: | 2023-06-27 | by ( ) edition.cnn.com time to read: 1 min

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☆ Overstock.com Wins $21.5 Million Bid for Bed Bath & Beyond’s Assets
▼ + stars: | 2023-06-22 | by ( Jordyn Holman | ) www.nytimes.com time to read: 1 min

Bed Bath & Beyond, the home-goods retailer that filed for bankruptcy in April, accepted a $21.5 million bid from Overstock.com to acquire its assets, according to a court filing on Thursday. “Following completion of the court-approved auction process and in consultation with the official committee of unsecured creditors, Bed Bath & Beyond Inc. has selected a proposal from Overstock.com as the winning bidder,” Julie Strider, a Bed Bath & Beyond spokeswoman, said in a statement. Overstock will receive Bed Bath & Beyond’s assets, which include its intellectual property, business data, rights to mobile apps and certain contracts, Ms. Strider said. Overstock will “assume certain specified liabilities,” she added. Overstock, the online retailer known for selling large furniture like couches and desks, declined to comment.

Persons: Julie Strider, Overstock, Strider Organizations: Bed, Beyond Inc Locations: Overstock.com

☆ Bride had her wedding dress held 'hostage' in a billing dispute between Bed Bath & Beyond and preservation company
▼ + stars: | 2023-04-29 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

Last week, Bed Bath & Beyond (BBBY) announced it was planning to liquidate its inventory and go out of business. After reading good reviews about Houston-based Memories Gown Preservation, she decided to order the $120 kit through Bed Bath & Beyond. “I knew I wouldn’t look good in a white wedding dress,” she said. The MemoriesGP website still advertises Bed Bath & Beyond as an authorized dealer and as a registry option. “We take concerns raised by our customers very seriously,” Bed Bath & Beyond said.

☆ Here's where you can use Bed Bath & Beyond coupons now
▼ + stars: | 2023-04-27 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Bed Bath & Beyond’s competitors are coming to the rescue of customers looking to use expired coupons issued by the failed retailer. Big Lots said Thursday that it’s “assisting shoppers nationwide” by accepting expired Bed Bath & Beyond coupons until May 7. Bed Bath & Beyond coupons are being accepted at other stores. History of Bed Bath & Beyond’s couponsBed Bath & Beyond introduced its oversized coupon for 20% off a single item three decades ago. Now that the company is going through a liquidation process, Bed Bath & Beyond said it’s the end of the road for the coupons.

☆ Bed Bath & Beyond’s Demise Creates Fresh Opportunities, Retail Landlords Say
▼ + stars: | 2023-04-26 | by ( Kate King | ) www.wsj.com time to read: 1 min

Illustration: John McColganHundreds 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.

☆ The $11.8 billion mistake that led to Bed, Bath & Beyond’s demise
▼ + stars: | 2023-04-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Bed, Bath & Beyond made plenty of mistakes that led to this week’s bankruptcy filing. “The company’s stewardship of their capital failed,” said Declan Gargan, retail director and credit analyst who follows Bed, Bath & Beyond for S&P Global Ratings. Across Corporate America, share repurchases reached a record $936 billion, according to S&P Dow Jones Indices, up from $882 billion in 2021. In fact the Bed, Bath & Beyond share repurchases were not enough to stop activist investors from pushing out top management of the company in 2019. President Joe Biden, a frequent critic of share repurchases, included a 1% tax on share repurchases in the Inflation Reduction Act passed by Democrats in Congress last year.

Organizations: & $

For many shoppers, Bed Bath & Beyond’s bankruptcy filing on Sunday was a call to action. Its 360 Bed Bath & Beyond stores would soon be closing, as would its 120 Buy Buy Baby locations. Shoppers have until Wednesday to use their coupons. Around the country, they rounded up the ubiquitous blue slips of paper offering 20 percent off, stuffed them in pouches and plastic bags, and made their way to the nearest Bed Bath & Beyond. At a store in Manhattan’s Chelsea neighborhood on Monday, Sylvia Ward, a self-described Bed Bath & Beyond aficionado from the Bronx, said news of the closings had “absolutely devastated” her.

☆ Bed Bath & Beyond’s Bankruptcy, Explained
▼ + stars: | 2023-04-23 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Juul’s Fall From $38 Billion Startup to Near-Bankruptcy: What Went Wrong Juul sparked a vaping craze when it launched, making it one of the most valuable startups in 2018. Five years later, its value has gone up in smoke. WSJ explains Juul’s collapse and what’s next for the e-cigarette company. Illustration: Nayon Cho

☆ Bed Bath & Beyond files for bankruptcy
▼ + stars: | 2023-04-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Chris Hammons unloads a bag of items she purchased at a Bed Bath & Beyond store in Dallas, Texas September 23, 2009. In its bankruptcy filing, Bed Bath & Beyond said it had $5.2 billion in debt and assets of just $4.4 billion. Discount chains such as HomeGoods and TJ Maxx have also undercut Bed Bath & Beyond’s prices. Without the differentiators of the lowest prices or widest selection, Bed Bath & Beyond’s sales stagnated from 2012 to 2019. And Bed Bath & Beyond is the latest retail chain to file for bankruptcy this year.

Organizations: & $

☆ What happens to buybuy BABY with Bed Bath & Beyond planning to go out of business
▼ + stars: | 2023-04-23 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

CNN —America’s leading specialty baby products retailer will shutter its 120 stores, a consequence of parent company Bed Bath & Beyond’s bankruptcy filing on Sunday. “The buybuy BABY business is the one part of the operation that will probably attract interest from buyers,” Saunders said. Bed Bath & Beyond placed some hope in buybuy BABY while it struggled to survive. He joined Bed Bath & Beyond in 2019 from Target, where he was in charge of expanding its private label brands. In its bankruptcy filing, Bed Bath & Beyond said it had $5.2 billion in debt and assets of just $4.4 billion.

Organizations: & $

☆ Bed Bath & Beyond’s potential bankruptcy would create long-term growth for off-price retailer and Club holding TJX
▼ + stars: | 2023-04-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Existential troubles facing Bed Bath & Beyond (BBBY) are creating an opportunity for Club holding TJX Companies (TJX) to take market share, which could lead to sustainable long-term growth at the off-price retailer behind the T.J. Maxx, Marshalls and HomeGoods. Shares of Bed Bath & Beyond traded for less than 30 cents each Thursday. "The assortment of goods, the categories they can extend into, and the strength of the balance sheet ... allows for them to be a solid beneficiary" of Bed Bath & Beyond's misfortunes. TJX 1Y mountain TJX Companies (TJX) 1-year performance That inventory glut isn't just a Bed Bath & Beyond problem; it's industry-wide. More Bed Bath & Beyond store closures "can only enhance conversion," said Telsey, whose firm Telsey Advisory Group likes TJX stock.

☆ Bed Bath & Beyond stiffed thousands of workers on severance pay
▼ + stars: | 2023-04-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Bed Bath & Beyond has been on bankruptcy watch and has been closing hundreds of stores since late 2022. Toys "R" Us and other chains that filed for bankruptcy have been criticized for failing to pay workers severance. There is no federal requirement for severance pay, although some collective bargaining agreements with unions cover severance agreements. At Bed Bath & Beyond, CEO Sue Gove is eligible for $7.1 million in severance pay and former Bed Bath & Beyond CEO Mark Tritton is suing the company for $6.8 million in unpaid severance. ‘This was our reward’Some Bed Bath & Beyond employees recently laid off in other states did not receive severance pay either, as first reported by Bloomberg.

☆ Bed Bath & Beyond gets $120 million lifeline to help it stock near barren shelves
▼ + stars: | 2023-04-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Cash-starved Bed, Bath & Beyond, which is scrambling to avoid bankruptcy, announced a $120 million lifeline to help it stock near-empty shelves. One reason that the chain’s sales have fallen and losses have mounted is that the company doesn’t have the funds needed to buy inventory in order to stock shelves. The money comes from ReStore Capital, which will purchase up to $120 million of merchandise from Bed, Bath & Beyond’s suppliers in order to supplement stock at Bed Bath & Beyond and buybuy BABY. “This … solution can allow us to strengthen merchandise availability and better fulfill demand.”Shelves are seen empty inside of a closed Bed Bath and Beyond store on February 08, 2023 in Larkspur, California. Last week, the company disclosed in a filing plans to sell $300 million worth of its stock to raise much-needed cash.

☆ Foot Locker is closing 400 stores. They may become an eyesore
▼ + stars: | 2023-03-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Foot Locker will close 400 stores by 2026 in malls. Anchor vacancies in malls hurt neighbors like Foot Locker and reduce traffic to their stores as well. Eventually, stores like Foot Locker go dark and it becomes harder for the mall to survive. Finding tenants for the 400 Foot Locker spaces will be challenging as big retailers look to stay away from weaker malls. Bed Bath & Beyond will be “much easier to fill than in-mall spaces.”So what happens to all the indoor malls with empty Foot Locker stores and other vacant spaces?

Bed Bath & Beyond’s storied brand and the passionate interest of individual investors helped the retailer secure a lifeline. Sue Gove wanted to keep Bed Bath & Beyond Inc. out of bankruptcy. Few believed it was possible. Alarmed by the retailer’s deteriorating finances, banks in January had cut off their credit lines and pushed for the company to start a liquidation, including selling off inventory, to repay their loans, said people familiar with the matter.

☆ Bed Bath & Beyond’s $1 Billion Stock Deal: What to Know
▼ + stars: | 2023-02-15 | by ( Anna Mutoh | ) www.wsj.com time to read: 1 min

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☆ Bed Bath & Beyond’s Tough Challenge: Shutting Stores Without Paying a Fortune
▼ + stars: | 2023-02-13 | by ( Soma Biswas | Kate King | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond Inc. could face tough negotiations with landlords and pay a high price to close out leases on hundreds of stores as the retailer attempts to downsize without the protection of bankruptcy. A last-minute equity financing of up to $1 billion provided the company enough capital to pay down bank loans, which Bed Bath defaulted last month. But staying out of chapter 11 also means it loses negotiating leverage it would otherwise have in bankruptcy.

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