https://www.retaildive.com/news/placerai-target-bed-bath-beyond-cvs-and-ulta-poised-to-win-in-2020/569945/
6 replies (most recent on top)
The only thing bed bath is poised to win in 2020 is its bankruptcy filling
Earnings call went south. The monies gotten from the sale of properties, probably used to line those that were let go as part of a deal. as for the stores themselves, they just have to keep chugging along. I looking through my jobs sights... BBB seems to be looking for help, maybe I should try to get my old job back... I am a glutten for punishment.
Win what? A goldfish at the county fair? There are no consolation prizes in business.
If they want to generate cash, cut or eliminate the dividend while the new ceo is still in good graces with Wall Street. Isn’t buying back stock what created the debt here? That’s a bad road to go down.
Uh, that's a NO. This company is still thinking all wrong even with a new CIO. Bed Bath & Beyond said it's going to use the proceeds from the sale leaseback deal to reinvest in the business, buy back stock, and pay down debt. Share repurchases would seem to be a use of cash that it shouldn't bother with right now as it has more pressing matters than propping up earnings for investors. They just gave themselves a boost of cash but if sales and business do not improve this shot in the arm will only last so long, then what? Sears did the same exact thing, look at that company now. Just being realistic. Saying they are poised to win 2020 is being hopeful and somewhat ignorant.
The earnings call is tomorrow. I think they are going to announce a mass roll out of remodels. I know that here in the central region we have been asked for managers to do training on being store set up managers to help with mass remodels coming up. They have plans to get several done before the end of March, and planning for several before June.