It's time to say bye to Bed Bath and Beyond in Canada - all stores across the country are closing, as operations here are 'not profitable on a standalone basis.' retail retailnews bedbathandbeyond Canada
Bed Bath & Beyond is closing all of its Canadian stores and winding down operations across the country.shared by consultancy firm Alvarez & Marsal on February 10, the retail chain is insolvent. The Canadian division is “not profitable on a standalone basis,” the documents note.
While the parent company considered closing only poorly performing stores and continuing its Canadian operations on a smaller scale, it ultimately concluded that the “economics were not justifiable.” For the nine month period ending on November 26, 2022, Bed Bath & Beyond Canada reported a net loss of $87.6M, while buybuy BABY reported a net loss of $11.9M. Together, the companies’ total assets were approximately $480.1M, while their total liabilities were around $429.7M.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian Bed Bath & Beyond locations going out of businessSudbury has a Bed Bath & Beyond southeast of Costco off of The Kingsway
Read more »
Bed Bath & Beyond is closing all stores in CanadaBed Bath & Beyond is closing all stores in Canada according to a court filing on Friday. This comes only two days after the U.S. division announce...
Read more »
Bed Bath & Beyond to wind down Canada operationsBed Bath \u0026amp\u003B Beyond\u0027s Canadian operations are going out of business, after the retailer raised cash to stave off a U.S. bankruptcy. Read more
Read more »
Bed Bath & Beyond to wind down Canada operationsBed Bath \u0026amp\u003B Beyond\u0027s Canadian operations are going out of business, after the retailer raised cash to stave off a U.S. bankruptcy. Read more
Read more »
Bed Bath & Beyond to wind down Canada operationsBed Bath \u0026amp\u003B Beyond\u0027s Canadian operations are going out of business, after the retailer raised cash to stave off a U.S. bankruptcy. Read more
Read more »
Bed Bath & Beyond Canada granted creditor protection, retailer winding downBed Bath & Beyond Canada has commenced the creditor protection proceedings to allow for a timely wind-down of the business.
Read more »