{"id":1663756,"date":"2022-09-29T07:56:42","date_gmt":"2022-09-29T11:56:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1663756"},"modified":"2022-09-29T07:57:04","modified_gmt":"2022-09-29T11:57:04","slug":"bed-bath-beyond-quarterly-loss-widens-on-merchandising-issues","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bed-bath-beyond-quarterly-loss-widens-on-merchandising-issues\/","title":{"rendered":"Bed Bath &#038; Beyond quarterly loss widens on merchandising issues"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbed-bath-beyond-quarterly-loss-widens-on-merchandising-issues%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1663756&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) -Bed Bath &#038; Beyond Inc on Thursday reported a bigger quarterly loss as the embattled home goods chain struggled to stock its shelves with in-demand styles and people cut back on spending amid decades-high inflation.<\/p>\n<p>Once known to be a \u201ccategory killer\u201d in home goods, Bed Bath\u2019s stock and fortunes have slumped after its move to sell more store-branded products flopped and led to a reshuffle of its management team earlier this year.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The big-box chain now aims to attract more consumers by selling more national brands and dishing out coupons, but has a mountain to climb, with people spending less on home goods and an interim chief executive and finance chief in place.<\/p>\n<p>Bed Bath said on Thursday its current liquidity is $850 million, following agreements for more than $500 million in new financing to buy more time to steady the ship. The company burned through $325 million in the reported quarter.<\/p>\n<p>Analysts at UBS have estimated Bed Bath will burn through $1.5 billion in cash over the next eight quarters.<\/p>\n<p>The company\u2019s net loss was $366.2 million, or $4.59 per share, for the second quarter, compared with a loss of $73.2 million, or 72 cents per share, a year earlier.<\/p>\n<p>Bed Bath\u2019s shares fell 1.4% to $6.37 in premarket trading.<\/p>\n<p> (Reporting by Praveen Paramasivam in Bengaluru; Editing by Shounak Dasgupta)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/bed-bath-beyond-2\/attachment\/file-photo-a-person-exits-a-bed-bath-beyond\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8S0MJ-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8S0MJ-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/bed-bath-beyond-2\/attachment\/file-photo-a-shopping-cart-is-seen-at-a-bed\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8S0MK-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8S0MK-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Bed Bath &#038; Beyond Inc on Thursday reported a bigger quarterly loss as the embattled home goods chain struggled to stock its shelves with in-demand styles and people cut<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1663756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1663756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1663756"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1663756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1663756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1663756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1663756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}