The wrong type of executive leadership was/is not the reason for their downfall. There are several reasons why they need to file for chapter 11 bankruptcy. From an outsider’s perspective I believe it centers around not developing a strong online shopping and shipping network that could rival (if not surpass) the big three (Amazon, Walmart, and Target) shopping and shipping networks to enhance product flow to consumers. And a second reason, is not leaning into the “BEYOND” part of their name. Seriously, having Beyond in their name literally opened them up to all industries. We are simple people, brand loyalty is how we make so many decisions. So they could have leverage their business name and branded so many different products. Or created a brand that could be used for several products like Kirkland at CostCo. From alcohol to slippers, people know it’s a Cost Co brand and it will be at a reasonable level of quality
This story is missing the part about Ryan Cohen. Love that you guys did that animation of the stock chart and don't try to explain the massive spike right in the middle of it.
Reminded me of JCPenney downfall during the 2000, when the new CEO from Apple clean up the store trying to look like the sleek, minimalistic look, took away coupons etc. When BB&B asking customers to pay for membership and trying to get away from coupons, it didn't work! Why pay for membership for discount when their assortment are not discounted like Costco? It's sad that the CFO committed suicide...
You can’t look at quality pillows or pick up a refill for your c02 on the way to work through Amazon. Online is limited and lots of their inventory is cheap, shoddy and low budget.
Has everybody noticed a common pattern of a failing company?. to prop up their profits, start eliminating quality products that cost a little more in favor of cheaply made, and constructed products, imitating the quality products at the same or lower price, or in some cases, even charge more for the lower quality product. It might be a quick boost in profits to do something temporary early but once the customers figure this out the customer base leaves and does not return . I, I’ve seen every large chain store, follow the same practice to their demise throughout the decades . End it appears nothing has changed to the state. This is just history, repeating itself with the exact same pattern.
I can see why they died when you're growing at scale but have overpriced products when your competitors like Amazon is taking more and more of the market share % it's tough. Then you start dumping money trying to compete by sustaining growth instead of maintaining solvency, it's only down hill from there. Also hearing that their CFO committed suicide was a huge twist
Used to work there. Was happy to say I worked there when I first started back in 2012. Then it turned into "just retail" if anyone asked me what I did for a job. Leaving when I did was the best thing I ever did
A major company in 2023 with a sole focus of bed products and a few other niche items (smart speakers, pots and pans, etc) is just too unmarketable with the rise of Amazon and such where you could get it to your doorstep, usually for much cheaper. Surprised they’ve lasted this long tbh. Pier 1 vibes come along.
I never bought anything from bb&b because they were expensive. i would just go inside the store to window shop while i waited to get seated at Olive Garden right next door. I would just go to target or Amazon for my bed and bath items
We shopped here loyally for years and began to notice the quality decline. Spent a lot of money here… It eventually became more like a Target store than the Bed Bath and Beyond we used to remember. After the pandemic, they never got merchandise back on the shelves. Then they began telling us to use their “online” store. If we wanted to shop online, we would have used Amazon. So disappointed that this store lied to its loyal customers and shut down its stores here instead of telling customers to go somewhere else. They hardly listened to their loyal customers.
I actually took myself to BB&B 3months ago, for the first time. The only thing that I could afford there was a shower curtain. The one pillow that I was interested was $110 and out of stock. I didn't buy anything, but I did go home bought a pillow for $65 at Amazon. Or I could just window shop at Target🤷♀️
So sad favorite favorite place, they closed both locations in my county now have to travel to get to one. Pray for this country, our economy and the many that potentially lost or losing their jobs as a result.
Same thing happened at Kmart before their two separate bankruptcies. When vendors and suppliers are not paid, they don't ship the merchandise you are to sell and make a profit.
This report seems to be curiously omitting a great many facts of note about the BBBY saga, and fails to explain the unhinged stock price dynamics, the massive naked shorting (multiples of the float sold in a few days), and interesting SEC filings and management hiring patterns in recent months. Please explain this much bigger mystery, its not a simple 'fundamentals' story. There is an interesting financial story here, report on it!
They apparently don't want to talk about the meme stock rally back in 2021 lol. As hedge funds lay long term short positions in hopes of news like this comes some day, retail or other funds can go long to try and force them to close their positions.
These companies push it to the limit until it's too late. Prices are too high and are not competitive - bottom line. Actually the CEO creating a correctly priced line of products had the right idea.
Too bad..they used to be my go-to store for towels, dish cloths, and utensils. The last time I was in there, I found a gift for my daughter, but not much else. I guess their name now is Bed, Bath and Belly-up.
All I have to say is 4 bedroom house 3 kids and we all have My Pillow products from house shoes, sheets and and over 9 Pillows just this year. It is my go to for gifts
Right now,bed bath and beyond just doesn't have a product that America needs..we can't afford to pamper ourselves..we have to buy real necessities,like food and gas..maybe bb&b can rise again like the Phoenix,but not right now..
There are several reasons why they need to file for chapter 11 bankruptcy. From an outsider’s perspective I believe it centers around not developing a strong online shopping and shipping network that could rival (if not surpass) the big three (Amazon, Walmart, and Target) shopping and shipping networks to enhance product flow to consumers. And a second reason, is not leaning into the “BEYOND” part of their name. Seriously, having Beyond in their name literally opened them up to all industries. We are simple people, brand loyalty is how we make so many decisions. So they could have leverage their business name and branded so many different products. Or created a brand that could be used for several products like Kirkland at CostCo. From alcohol to slippers, people know it’s a Cost Co brand and it will be at a reasonable level of quality.
Looks like another Kmart struggling to survive, and stores with empty shelves. When you don't pay your vendors, and suppliers, you do not get merchandise to sell in your stores.
I was love/hate with them. I loved the sexiness of their stores but HATED the high MSRP, BUT with that, you get an average of three coupons. This is the way that Kohls's (clothes store) works. Then there was the membership thing to get even more off on that same item, that you already have 2-3 coupons for. They hit you with much of that at checkout, thus delaying the final part of the transaction. Just give me the fricken price, and eliminate all those games. all that said, I'm always sorry to see ANY big chain go down.
Irresponsibility clear as day. You cannot depend nor trust the corporations to help or take the workers interest because in the end we are nothing but numbers on the balance sheet ✅.
Update: As of today April 23ed BB&B has declared chapter 11 bankruptcy and plans to start closing stores and according to there site winding down operations
I loved BBB then they eliminated all the things that made it a fun store to shop, they changed the quantity and quality products offered. I miss the old store.
I don't even have to watch a video, my only experience with BB&B was trying to buy a soap dispenser they wanted to charge me $80 for...Need I say more?
I work at one that's closing in 2 months, we never had more than 5 or 6 customers in the whole store before they started the clear out sale and it hit the news.
Lol why did they skip over the huge jump from $5 to $30 in August?. How often does a stock 6x in a couple weeks? Seems like it would have been a good thing to explain. So it sounds like they were losing money because they had low inventory and undesirable products. Why don't they just load up on what people want and make money again. Seems pretty straightforward to me.
they couldn't reload on products that people want because they burnt their bridges with their suppliers. they haven't pay them, already in a high amount of debt, and cut them off in favor of their own private brands. their old suppliers were not willing to work with them any more.
I remember my family went to their stores once but they were FAR too expensive. A small scented spray was like 5 oz for 20 dollars not even a good perfume just a scented mist
No. Baby products are a gag specialty. Not the prize products. Toys R us knew this as well. Unfortunately neither helped the mother brand out of their demises.
Companies never seem to learn that going all in on stupid woke, leftist politics is bad idea. Most of a company's customers aren't insufferable leftists.
@@caseyadams1861 Yeah, and the same goes for these Hollywood awards programs. The recent Golden Globes viewership was abysmal, yet they keep pumping out the garbage.
1) Become CEO of name-brand, profitable company. 2) Borrow billions for whatever. 3) Pay myself and friends millions and millions. 4) Who cares what #4 is. 5) Rinse and Repeat 🍾😎👍
Executives that have never worked retail run a retail company into the ground. SHOCKING 💯
not always, bestbuy had a CEO that came a hotel backround but was still able to turn them around and make them grow again
You can’t just grow upper management like produce.
There isnt a big enough pool of talent to draw from when you expand too quickly.
The wrong type of executive leadership was/is not the reason for their downfall. There are several reasons why they need to file for chapter 11 bankruptcy. From an outsider’s perspective I believe it centers around not developing a strong online shopping and shipping network that could rival (if not surpass) the big three (Amazon, Walmart, and Target) shopping and shipping networks to enhance product flow to consumers.
And a second reason, is not leaning into the “BEYOND” part of their name. Seriously, having Beyond in their name literally opened them up to all industries.
We are simple people, brand loyalty is how we make so many decisions. So they could have leverage their business name and branded so many different products. Or created a brand that could be used for several products like Kirkland at CostCo. From alcohol to slippers, people know it’s a Cost Co brand and it will be at a reasonable level of quality
This story is missing the part about Ryan Cohen. Love that you guys did that animation of the stock chart and don't try to explain the massive spike right in the middle of it.
Amazing how he sold just at the right time ...lol
I was curious as to the spike. Elaborate pls.
@@Keji839 Pump and dump. RC went on a media blitz talking about how they believed in the company long term, and then dumped stock shortly after.
The stock isn't always related to the company
@@Keji839the Cohen dude did a meme stock on BBB
If you don't pay your vendors you are doomed
Fry's coulda told them that a few years earlier.
Reminded me of JCPenney downfall during the 2000, when the new CEO from Apple clean up the store trying to look like the sleek, minimalistic look, took away coupons etc. When BB&B asking customers to pay for membership and trying to get away from coupons, it didn't work! Why pay for membership for discount when their assortment are not discounted like Costco? It's sad that the CFO committed suicide...
JCP also went down the woke path with Ellen
Good old Ron Johnson. An infamous textbook example of a bad CEO.
They're getting crushed by Amazon.
You can’t look at quality pillows or pick up a refill for your c02 on the way to work through Amazon. Online is limited and lots of their inventory is cheap, shoddy and low budget.
@@Cwgrlup I'd rather get pillows from Costco and CO2 from Walmart. I never even consider going to Bed Bath & Beyond for anything.
Also by target, walmart and everyone else
Has everybody noticed a common pattern of a failing company?. to prop up their profits, start eliminating quality products that cost a little more in favor of cheaply made, and constructed products, imitating the quality products at the same or lower price, or in some cases, even charge more for the lower quality product.
It might be a quick boost in profits to do something temporary early but once the customers figure this out the customer base leaves and does not return .
I, I’ve seen every large chain store, follow the same practice to their demise throughout the decades .
End it appears nothing has changed to the state. This is just history, repeating itself with the exact same pattern.
That’s capitalism for ya. Eternal profits are not sustainable, no matter how much greedy people try to fight it
lol just wait till next week or two...
Quality maters and services too therefore closing a lot of stores doesn't help much because your a loosing costumers and operational advantages.
That's what Quiznos did.
Walmart does the same thing with a lot of products
BBB is just too expensive.
Huh, Best Buy?
Bingo
BBB stands for big black b
I realized this when I moved into my first apartment in my 20s😂
I can see why they died when you're growing at scale but have overpriced products when your competitors like Amazon is taking more and more of the market share % it's tough. Then you start dumping money trying to compete by sustaining growth instead of maintaining solvency, it's only down hill from there. Also hearing that their CFO committed suicide was a huge twist
I don't understand why they're failing - they were a critical part in the success of the film "The Other Guys"
One. Not many ppl shop there 2. Amazon crushed them badly
@@jake78441 Amazon is not better either
The CEO sounds like she reading off of a sheet that she didn’t even view before the call
Used to work there. Was happy to say I worked there when I first started back in 2012. Then it turned into "just retail" if anyone asked me what I did for a job. Leaving when I did was the best thing I ever did
Great example on how one bad CEO can take a company with a few issues and absolutely destroy it
A major company in 2023 with a sole focus of bed products and a few other niche items (smart speakers, pots and pans, etc) is just too unmarketable with the rise of Amazon and such where you could get it to your doorstep, usually for much cheaper. Surprised they’ve lasted this long tbh. Pier 1 vibes come along.
I never bought anything from bb&b because they were expensive. i would just go inside the store to window shop while i waited to get seated at Olive Garden right next door. I would just go to target or Amazon for my bed and bath items
Me too. Bottom line: priced too high
BB&B and the more expensive prices was always my go to for stuff they only had on amazon but that I didnt want to wait for haha
Husbands everywhere welcome the demise of Bed Bath & Beyond.
what is husbands
@@deroxanlit4181 Their a pretty cool band. It's worth checking them out
LOL
@@forrestwalter3650 i thought there is like a company called husband
@@deroxanlit4181you’re slow for thinking that and not understanding the joke
We shopped here loyally for years and began to notice the quality decline. Spent a lot of money here… It eventually became more like a Target store than the Bed Bath and Beyond we used to remember. After the pandemic, they never got merchandise back on the shelves. Then they began telling us to use their “online” store. If we wanted to shop online, we would have used Amazon. So disappointed that this store lied to its loyal customers and shut down its stores here instead of telling customers to go somewhere else. They hardly listened to their loyal customers.
I actually took myself to BB&B 3months ago, for the first time. The only thing that I could afford there was a shower curtain. The one pillow that I was interested was $110 and out of stock. I didn't buy anything, but I did go home bought a pillow for $65 at Amazon. Or I could just window shop at Target🤷♀️
Anyone who has seen their products from their app knows they offer quality products below market price. Paid shill
This is not the same company
So sad favorite favorite place, they closed both locations in my county now have to travel to get to one. Pray for this country, our economy and the many that potentially lost or losing their jobs as a result.
Im dying laughing at the pump and dump on the failed business rofl
That explains why I stopped by a Bed Bath and Beyond that was half empty.
Same thing happened at Kmart before their two separate bankruptcies. When vendors and suppliers are not paid, they don't ship the merchandise you are to sell and make a profit.
Seems like everyone in the comment section can save any company.
This report seems to be curiously omitting a great many facts of note about the BBBY saga, and fails to explain the unhinged stock price dynamics, the massive naked shorting (multiples of the float sold in a few days), and interesting SEC filings and management hiring patterns in recent months. Please explain this much bigger mystery, its not a simple 'fundamentals' story. There is an interesting financial story here, report on it!
Rug pull ryan killed bbby
Are we just going to ignore the giant spike in the middle of the graph? ...lol
They apparently don't want to talk about the meme stock rally back in 2021 lol. As hedge funds lay long term short positions in hopes of news like this comes some day, retail or other funds can go long to try and force them to close their positions.
These companies push it to the limit until it's too late. Prices are too high and are not competitive - bottom line. Actually the CEO creating a correctly priced line of products had the right idea.
Too bad..they used to be my go-to store for towels, dish cloths, and utensils. The last time I was in there, I found a gift for my daughter, but not much else. I guess their name now is Bed, Bath and Belly-up.
All I have to say is 4 bedroom house 3 kids and we all have My Pillow products from house shoes, sheets and and over 9 Pillows just this year. It is my go to for gifts
Amen. They did ban My Pillow. A beloved company by 50 percent of America. Good move. Not.
Ok i am in. Gonna hold till 80$.
first reasonable comment
Rug pull ryan killed the moass
I ordered a large pot from them and they sent me one with a lid that didn't even fit propertly. Then it was sold out and I coudn't even exchange it.
Right now,bed bath and beyond just doesn't have a product that America needs..we can't afford to pamper ourselves..we have to buy real necessities,like food and gas..maybe bb&b can rise again like the Phoenix,but not right now..
Gosh I loved this store
They should add another few B's.
Breakfast Burritos, Bed Bath and Beyond.
🚀🌒
Blood Bath and Beyond.
There are several reasons why they need to file for chapter 11 bankruptcy. From an outsider’s perspective I believe it centers around not developing a strong online shopping and shipping network that could rival (if not surpass) the big three (Amazon, Walmart, and Target) shopping and shipping networks to enhance product flow to consumers.
And a second reason, is not leaning into the “BEYOND” part of their name. Seriously, having Beyond in their name literally opened them up to all industries.
We are simple people, brand loyalty is how we make so many decisions. So they could have leverage their business name and branded so many different products. Or created a brand that could be used for several products like Kirkland at CostCo. From alcohol to slippers, people know it’s a Cost Co brand and it will be at a reasonable level of quality.
Looks like another Kmart struggling to survive, and stores with empty shelves. When you don't pay your vendors, and suppliers, you do not get merchandise to sell in your stores.
I was love/hate with them. I loved the sexiness of their stores but HATED the high MSRP, BUT with that, you get an average of three coupons. This is the way that Kohls's (clothes store) works. Then there was the membership thing to get even more off on that same item, that you already have 2-3 coupons for. They hit you with much of that at checkout, thus delaying the final part of the transaction. Just give me the fricken price, and eliminate all those games. all that said, I'm always sorry to see ANY big chain go down.
I've never stepped foot in a BB&B store and I never intend to.
This aged well.
Ikr
😂🤣😂🤣😂🤣
Irresponsibility clear as day. You cannot depend nor trust the corporations to help or take the workers interest because in the end we are nothing but numbers on the balance sheet ✅.
more stories like this plz
I'm betting that Store Managers and Employees don't know the depth of this. It's almost Enron like in the aspect of it's decline. 😢
Like Kmart's demise.
@@ericknoblauch9195 yes.
1995 I re member when the store was packed with shippers. I was a good store. Now its dust in the wind.
Update: As of today April 23ed BB&B has declared chapter 11 bankruptcy and plans to start closing stores and according to there site winding down operations
Rebrand as Bed Bath & Beyoncé. Problem solved.
Stopped going to that overpriced store decade ago.
I loved BBB then they eliminated all the things that made it a fun store to shop, they changed the quantity and quality products offered. I miss the old store.
Scamming ceo and cfo. That’s what happened.
Just like Kmart.
They shouldn’t of banned my pillow. Politics don’t mix with business.
I don't even have to watch a video, my only experience with BB&B was trying to buy a soap dispenser they wanted to charge me $80 for...Need I say more?
How when i go theres always people there its always pack
I work at one that's closing in 2 months, we never had more than 5 or 6 customers in the whole store before they started the clear out sale and it hit the news.
Never go to the beyond section, one guy went there he has not been heard from since.
Lol why did they skip over the huge jump from $5 to $30 in August?. How often does a stock 6x in a couple weeks? Seems like it would have been a good thing to explain. So it sounds like they were losing money because they had low inventory and undesirable products. Why don't they just load up on what people want and make money again. Seems pretty straightforward to me.
they couldn't reload on products that people want because they burnt their bridges with their suppliers. they haven't pay them, already in a high amount of debt, and cut them off in favor of their own private brands. their old suppliers were not willing to work with them any more.
@@SparkPrincess Just get new money, new management and say you're sorry. If i was a retailer I'd want my products in Bed Bath and Beyond
Ha ha ha that’s the Wall Street bets regards doing a short squeeze 😅
I remember my family went to their stores once but they were FAR too expensive. A small scented spray was like 5 oz for 20 dollars not even a good perfume just a scented mist
Mike Lindell should buy Bed Bath & Beyond "My Pillow & Beyond"
If they put their efforts into their successful sister store Buy Buy Baby, then they wouldn't have this issue.
Speaking as a former employee.
No. Baby products are a gag specialty. Not the prize products. Toys R us knew this as well. Unfortunately neither helped the mother brand out of their demises.
Rug pull ryan killed bby
This is due to people not showering as much anymore.
Last year you bought something from BBBY? I’ll go first - 2018.
The wsj pointing out bbby...huh.. Bobby going to squeeze
It was the cancellation of a base pillow that nailed the coffin.
what about the shorts though?
Go woke go broke. Stopped shopping a few years ago.
2:18 😢
me watching this as an employee of the company in Canada : 👁👄👁
I’m surprised it took this long for them to close.
No mention of naked shorts, yeah.
that lady sounded like a voice assistant she was so bland
"How bad our are finances?"
"Are CFO killed himself when he saw the reports."
As for Bed Bath & Beyond, we the people have spoken, and we come down on the side of Mike Lindell.
Companies never seem to learn that going all in on stupid woke, leftist politics is bad idea. Most of a company's customers aren't insufferable leftists.
@@caseyadams1861 Yeah, and the same goes for these Hollywood awards programs. The recent Golden Globes viewership was abysmal, yet they keep pumping out the garbage.
It is inevitable.
There it is....
lol when they lose their CFO, their stock briefly climbed
Wallstreetbets did try
Wth yeah i stopped going because of no coupons. They lost a demographic.
Why dont they cut their salary instead of firing
They need a rebrand.
The next Sears
Yes! The next Sears/Kmart to go belly up, file bankruptcy, and close more stores until only a handful remain.
Conclusion: buy and hold to the moon 🚀
How much ya down
1) Become CEO of name-brand, profitable company.
2) Borrow billions for whatever.
3) Pay myself and friends millions and millions.
4) Who cares what #4 is.
5) Rinse and Repeat
🍾😎👍
Chasing away the customers is a poor business model.
Where's Jake Ryan
Online you only see what stores are closing..how about using a little brain and tell people which stores are staying open so we can go there !!
Well,.... maybe charging $75 for a towel was too much....
Burlington NC USA bed bath beyond it's says store closing before I went to Mexico I think its probably says nothing 😮😢
Buh bye bb&b. Your pricing strategy sucked.
Did you know that Ken Griffin committed perjury and international securities fraud?
Open your books Kenny -- show us your short position.
It’s happening.
He looked at the finances and decided he/might as well disappear
Click will be a different movie if it closes completely.
It won't be missed
Did they expect sales to increase when they shut down 20% of their stores? Lol
It’s called cutting costs. No point in paying employees and keeping lights on at a store if it doesn’t get enough traffic to be profitable
Mark Tritton and his failed behind the curve vision. 🤦🏻♂
Too late to turn around. #Chapter11 #Bankruptcy #Liquidation
We are live MR Dragon resident Indonesia.
Well maybe because they suck you can find most things they have way cheaper elsewhere
retail is dead.
Blood bath & beyond
Yes they are bleeding red ink really bad. Next they will be on life support through a bankruptcy filing like Sears and Kmart.
meme stock
Lindell laughing sooooo hard w me
any one here after Chapter 11 file by Bed bath & Beyond
where all my apes at lol
Bed Bath & Bankruptcy!
Do you think cancelling My Pillow and Ivanka Trump's product line had any thing to do with the drop in sales? Naaaaaah.
Absolutely.
This is just the start of the fall of big business.