The company currently operates about 950 locations and employs 32,000 workers.
Filing for bankruptcy wouldn’t necessarily mean closing all stores, but since the problem is not a new one and the economy is getting worse not better, it’s hard to imagine they just now suddenly discovered a way to become profitable.
Don’t let me interrupt. Feel free to discuss the my pillow guy.
I just wanted to chime in that with some companies it’s almost fun to point out the trouble they are in.
Companies started by an inventor who has no idea how to run a business.
5-10 year old companies that never made any money. (You literally could have made a better profit investing in a kid’s lemonade stand.)
and I don’t consider Bed Bath and Beyond one of those companies. Sure, in hindsight, had they downsized years ago they might have saved the company but in general, companies don’t hire CEOs who think that way. They are basically just a sign of the times.
In general, people who think a company has an abysmal future an should make major changes to stay afloat, don’t stay invested in the company. They sell. They get out. So companies don’t hire hatchet-man CEOs until it is too late.
Yes, you are correct. The company suffers from numerous flaws and it has been a meme stock for at lest 2-3 years now.
Sure it will. He makes it work. BB and B is failing because they lack a Mike Lindell.
I find his election challenge pretty outrageous as you do. That takes nothing away from his ability to make a business run. He could end up buying the BB and B bones and making MyPillow stores from them.