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Top related persons:
— - 1 Patrick Burrell - 1 Burrell - 1 Michael Crossen - 1 It's - 1 Crossen - 1 Daniel Blinn - 1 Fisker - 1
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Service - 1 Business - 1 Fisker - 1 Technicians - 1 La - 1 Consumer - 1 Consumer Law - 1 BI - 1

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9 mentions found


☆ Fisker employees are fixing some customers' cars with parts from the company's vehicle 'graveyard,' sources say
  + stars: | 2024-05-01 | by ( Grace Kay | ) www.businessinsider.com   time to read: +8 min
Read previewFisker employees have been taking parts off pre-production vehicles and existing inventory to fix some customers' cars, according to several people familiar with the issue. Business Insider also viewed several photos of Fisker Oceans with missing parts that sources say were used for customer vehicles. A spokesperson for Fisker told Business Insider the information was false. Related stories"Every day was a fire drill of what car has this part that I need," a former employee told BI. Business Insider viewed an email exchange between a Fisker employee and Burrell that showed the employee offered to fix Burrell's car using a part off another Fisker car.
Persons: —, Patrick Burrell, Burrell, Michael Crossen, It's, Crossen, Daniel Blinn, Fisker Organizations: Service, Business, Fisker, Technicians, La, Consumer, Consumer Law, BI Locations: La Palma , California, Palma, La Palma, California, Connecticut
☆ Bed Bath & Beyond files for bankruptcy after running out of options
  + stars: | 2023-04-23 | by ( Sam Tabahriti | Jyoti Mann | ) www.businessinsider.com   time to read: +2 min
Bed Bath & Beyond filed for Chapter 11 protection in New Jersey Sunday, a court filing showed. The retailer had suffered from sliding sales, making its financial position increasingly precarious. The US home goods retailer warned last year that it had "serious doubt" about surviving after grappling with sliding sales. In another last-ditch move, Bed Bath & Beyond tried this month to raise $300 million from other investors. Holly Etlin, who was appointed as interim CFO in February, has been tapped by the company to serve as chief restructuring officer and will oversee the liquidation and sale process, the Chapter 11 filing shows.
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☆ Late Bed Bath & Beyond CFO Dropped From Shareholder Suit
  + stars: | 2022-11-02 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: +5 min
Gone are claims from the original 24-page complaint that Mr. Arnal and Mr. Cohen colluded to boost the company’s share price. Bed Bath & Beyond has said the lawsuit was without merit. Bed Bath & Beyond and Mr. Cohen, along with JP Morgan Securities LLC, are still named as defendants in the suit, which seeks class-action status. Bed Bath & Beyond shares traded around $4.05 on Wednesday, down more than 70% since the beginning of the year. Mr. Toll said he hadn’t heard from Bed Bath & Beyond or Mr. Arnal’s estate leading up to the filing of the amended complaint.
☆ Late Bed Bath & Beyond CFO Dropped From Suit Alleging Collusion With Ryan Cohen
  + stars: | 2022-11-02 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: +5 min
“There’s plenty of grief in his family, and us making it even worse didn’t seem worth it,” Mr. Toll said. Gone are claims from the original 24-page complaint that Mr. Arnal and Mr. Cohen colluded to boost the company’s share price. Bed Bath & Beyond and Mr. Cohen, along with JP Morgan Securities LLC, are still named as defendants in the suit, which seeks class-action status. Mr. Cohen unloaded his entire stake in Bed Bath & Beyond in mid-August. Bed Bath & Beyond shares traded around $4.05 on Wednesday, down more than 70% since the beginning of the year.
☆ Bed Bath & Beyond shares fall after interim CEO Sue Gove appointed to position permanently
  + stars: | 2022-10-26 | by ( Melissa Repko | ) www.cnbc.com   time to read: +2 min
Bed Bath & Beyond said Wednesday that it has appointed interim Sue Gove to the position permanently. Bed Bath is trying to reverse declining sales, win back customers and strengthen relationships with suppliers. In late August, Bed Bath announced cost cuts and a new loan on a call with investors. Without those items this holiday season, Bed Bath could have a hard time competing with rivals like Amazon, Target and Walmart. Bed Bath is having its first supplier summit on Wednesday, which the company said will strengthen those relationships.
☆ Bed Bath & Beyond reports a 28% drop in sales as it presses ahead with its turnaround plan
  + stars: | 2022-09-29 | by ( Melissa Repko | Melissa Repko Is A Retail | Consumer Reporters For Cnbc.Com. | ) www.nbcnews.com   time to read: +3 min
Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. It also announced cost-cutting measures, including layoffs and closing about 150 Bed Bath & Beyond stores. Bed Bath faces several significant challenges, including mounting debt, vacant leadership roles and tense relationships with vendors. In late August, Bed Bath got some relief by securing more than $500 million of new financing, including a $375 million loan. According to former company executives, Bed Bath has had strained relationships with suppliers — and could face a repeat of two Christmases ago, when it did not have several hot products from well-known national brands.
☆ Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan
  + stars: | 2022-09-29 | by ( Melissa Repko | ) www.cnbc.com   time to read: +4 min
A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. It also announced cost-cutting measures, including layoffs and closing about 150 Bed Bath & Beyond stores. She said Bed Bath is "confident that our current liquidity will enable the necessary changes we are implementing." Bed Bath faces several significant challenges, including mounting debt, vacant leadership roles and tense relationships with vendors.
☆ Bed Bath & Beyond is closing 150 stores. Here are the locations confirmed so far.
  + stars: | 2022-09-16 | by ( Grace Dean | ) www.businessinsider.com   time to read: +5 min
Bed Bath & Beyond is closing around 150 stores and laying off staff. It has now named 56 of the stores set to close across 21 states. By laying off staff and closing the stores, the company said it planned to reduce costs by $250 million in 2022. Sales in the second quarter had slumped roughly 26% compared to the same period in 2021, Bed Bath & Beyond said in preliminary earning results. The struggling retailer has now revealed the location of 56 of the stores being closed, spanning 21 states and Puerto Rico.
☆ Bed Bath & Beyond taps chief accounting officer as interim CFO
  + stars: | 2022-09-06 | by ( Melissa Repko | Melissa Repko Is A Retail | Consumer Reporters For Cnbc.Com. | ) www.nbcnews.com   time to read: +1 min
Bed Bath & Beyond has tapped its chief accounting officer as interim CFO after its former executive died on Friday. Laura Crossen is interim chief financial officer as of Monday, the company said in a regulatory filing. Shares of Bed Bath & Beyond were down by about 15% early Tuesday as investors weighed the struggling retailer’s path forward. It said last week that it would eliminate the jobs of chief operating officer and chief stores officer. Customers leave a Bed Bath & Beyond store in New York on Aug. 25.
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