![]() ![]() So, treat yourself with our bucket hats, earrings, and even a Cheshire cat rave fan. Wonderland is a world of discovery where rules do not apply. Now you've adorned yourself with the wildest outfit, what else are you forgetting? Oh right, accessories! In our Wonderland collection, we have rainbow socks, rhinestone visors, colorful wigs, leg garters, and the craziest pasties.ĭress to impress like the Mad Hatter with our sequin bikini sets, butterfly hair clips, face jewels, arm wraps, holographic chokers, and body glitter. Pair those with our groovy bell bottoms, edgy booty shorts, or rhinestone-studded mini skirts. Shop Alice in Wonderland-inspired outfits, like our psychedelic tops, holographic sets, fishnet bodysuits, and pastel crop tops. The trippy patterns, neon pieces, and whimsical accessories - what's not to love? If you're ready for a delightful adventure, take our hands, and let's journey down the rabbit hole together! If you are having suicidal thoughts, contact the Suicide & Crisis Lifeline at 988 for support and assistance from a trained counselor.Escape ur everyday life and tumble into the whimsical world that is our Wonderland collection. Read the company's earnings release here. The company's market value is $516.5 million. In a news release, Gove said working with Bed Bath's suppliers has "been an important focus area" and said its debt and liabilities with them "are considerably healthier than in the prior quarter."Īs of Wednesday's market close, Bed Bath's shares are down about 56% so far this year. According to former company executives, Bed Bath has had strained relationships with suppliers - and could face a repeat of two Christmases ago, when it did not have several hot products from well-known national brands. The coming months will test whether the retailer can get hot holiday items and popular national brands, which are pivotal to its latest strategy. In late August, Bed Bath got some relief by securing more than $500 million of new financing, including a $375 million loan.īed Bath's liquidity is $850 million after repayments and borrowing that took place before the second quarter began, the company said Thursday. Its board pushed out former CEO Mark Tritton in June, and CFO Gustavo Arnal died by suicide in early September. As the company gears up for the crucial holiday season, it is led by Gove, an interim CEO, and interim CFO Laura Crossen. She said it is lowering costs by about $250 million for the second half of the fiscal year, as it works to ramp up sales.īed Bath faces several significant challenges, including mounting debt, vacant leadership roles and tense relationships with vendors. Gove said the company's loyalty program, Welcome Rewards, has grown by more than 1.3 million since the end of August, bringing it to a total of 6.4 million members since it launched this summer. She said Bed Bath is "confident that our current liquidity will enable the necessary changes we are implementing." Interim CEO Sue Gove said in a news release Thursday that the company is fixing inventory problems by speeding up markdowns of some merchandise. Read more: Here's a map of Bed Bath & Beyond store closures It also announced cost-cutting measures, including layoffs and closing about 150 Bed Bath & Beyond stores. ![]() In late August, it shared plans to shake up its merchandising strategy, and strengthen its namesake stores and baby goods chain, Buybuy Baby. The quarterly report does not reflect the company's latest turnaround effort. Its comparable sales decreased in the high teens compared with growth of high teens in the year-ago quarter. One of the bright spots of Bed Bath's business, Buybuy Baby, also posted a sharp drop in the quarter. #BEYOND WONDERLAND WILL CALL FULL#The key retail metric, often called same-store sales, is a year-over-year comparison of online sales and sales at stores that have operated for 12 full months following an opening period of about six to eight weeks. Its net sales dropped from $1.99 billion in the year-ago period.Ĭomparable sales declined 26% in the second quarter. The company's net loss widened significantly to $366 million, or $4.59 per share, from $73 million, or 72 cents per share, a year earlier. ![]() 27 compared with what analysts were anticipating, based on Refinitiv data: Here's how the retailer did in the three-month period ended Aug. Bed Bath reiterated its full-year outlook, saying it anticipates comparable sales to decline by about 20% as its business improves in the back half of the fiscal year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |