Retailer burned through about $300 million in cash in its latest quarter

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Bed Bath & Beyond Plans More Layoffs as Cash Dwindles

Retailer burned through about $300 million in cash in its latest quarter

Bed Bath & Beyond Is in Crisis Mode. What Went Wrong?
After years of declining sales, Bed Bath & Beyond is facing an existential crisis. WSJ’s Suzanne Kapner explains why the company has fallen on hard times and looks forward to what’s next for the veteran retailer. Photo Illustration: Laura Kammermann/WSJ

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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