Bed Bath & Beyond warns about bankruptcy as sales slump
By ANNE D’INNOCENZIO
AP Retail Writer
NEW YORK (AP) — Beleaguered Bed Bath & Beyond is warning it may need to file for bankruptcy as struggles to attract shoppers. The Union, New Jersey-based home goods chain said Thursday that it’s looking at options including restructuring its business in bankruptcy. It acknowledged that even those efforts may not be successful. Its stock plunged 30%. The company’s assessment came as its dismal performance continued through the holiday season with sales down by roughly a third from a year earlier while losses widened over the same period.
