https://finance.yahoo.com/news/bed-bath-beyond-wind-down-224422858.html
Winding down is equal to liquidating in Commonwealth countries. There were many reports they would close the stores after they failed to get any freight after Dec 22.
5 replies (most recent on top)
The way the Target commentator tacked "...or something..." on the end leads me to believe that comment was sarcasm. I feel sorry for you if you feel for it.
Yeah? Look at Target's success compared to BBBYs failure. Which one is over $100 per share? Meme and dream much?
Oh well, it's not like getting out of Canada is the end of the world. After all, Target also got out of Canada. It's not like everyone can be Walmart... or something...
I was thinking of the same pairing as well and how they could outlast BBBY US. Target sold its brand in Australia to a local business as well.
Well, at least BB&B Mexico is still doing good. Of course that's probably because of the same reasons Sears Mexico is doing good:
A. Due to the complexities of business law in Mexico, BB&B has to partner up with a Mexico-based corporation, instead of running things themselves, like in Canada.
B. People in Mexico still go to malls.
So, likewise the Mexico division will probably just buyout their own controlling interest, and go on long after the US counterpart is gone.