Bed Bath & Beyond Store Closings: Here's the full list

[bucolic_frolic]

1. Store closings

are usually run by closeout artists, who actually buy the inventory and run the sales in the same location. Usually all the original employees are gone by that time. Don't know if this is being done any differently, but it is unusual for closings to happen pre-bankruptcy. Says to me they're desperate for cash and have sold what is not working out well for them to get money. You have more options in bankruptcy if you have as much cash as possible. It is usual now for shareholders to lose all their equity in bankruptcy. They cancel the old stock and issue new stock if the firm "emerges" from bankruptcy.