Bed, Bath, And Going Out Of Business

Nowadays, business is harder than ever to retain due to the growing population of online shoppers. Amazon has solidified itself as the go-to retailer for basically any and all household goods. It makes you wonder, how does a store like Bed, Bath and Beyond stay afloat? Well, the short answer is that they don’t.

The home goods company reported their lowest stock shares in 18 years. Their revenue has not been this low since the turn of the 21st century, and the outlook is not positive. Shares are down to about 36 cents, dropping over 23% in the second quarter. Part of the reason is because the revenue they raked in, a measly $2.94 billion, is not enough to sustain a business with stores the size of most Bed, Bath and Beyonds.

Another struggle they’re having is with their coupon offers. Most consumers do not shop at the store unless they have some sort of coupon, and these deals have been consistently eating into Beyond’s revenue for some time according to their Chief Financial Officer. Analysts are predicting that if another store is going to fall, it’s going to be Bed, Bath, and Beyond.

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4 years ago
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