Retailer burned through about $300 million in cash in its latest quarter
Bed Bath & Beyond Plans More Layoffs as Cash Dwindles
Retailer burned through about $300 million in cash in its latest quarter
By Suzanne KapnerFollow
Updated Jan. 10, 2023 4:39 pm ETPRINTTEXT
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Bed Bath & Beyond Inc. BBBY 27.78%increase; green up pointing triangle said it plans more layoffs and cost cuts after the home-goods retailer’s cash pile and sales dwindled in the most recent period.
The retailer’s operations burned through about $300 million in cash in the quarter ended Nov. 26 and closed the period with about $200 million in cash and equivalents.
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