Retail
According to The Wall Street Journal, Bed Bath & Beyond will likely be forced to file for Chapter 11 Bankruptcy this weekend. To show how bad their fortunes have fallen in the last year, their stock was valued at $16.38 a year ago. Today at 11:05 AM on April 20, you can buy a share for 36 cents.
Other bad news and probable cause for the stock’s slide, Bed Bath & Beyond’s retail sales are off 40% to 50% from last year.
