![]() (That is, unless you have a full-on espresso machine that comes with one attached.) Though I prefer my coffee black, I’ve watched my mom froth milk for her morning latte for as long as I can remember, and I have to say, there is something quite luxurious about treating yourself to a more involved drink at home. And the fact of the matter is, if you want to froth milk for your espresso, or tea, or hot chocolate, you’re going to need a dedicated milk frother. But sometimes you do, in fact, run into a single-use item that actually does its job in a way nothing else can. No one needs a dedicated avocado or apple slicer. In February, Bed Bath & Beyond announced 150 store closures across the country, just one week after initially revealing that 87 locations, five buybuy Baby stores and and all remaining Harmon Face Value stores were shuttering.Īt the time, Gove said the 150 closures, totaling about half of all Bed Bath & Beyond locations, were intended to prioritize a “straight-forward, back-to-basics philosophy that focuses on better serving our customers, driving growth and delivering business returns.In general, I roll my eyes at one-trick-pony kitchen tools. ![]() The company’s shares were worth about $2 in January, according to NBC News. ![]() Gove stepped in as interim CEO before taking over the role.īut the financial problems continued. Additionally, the message said workforce would be reduced “across our corporate, supply chain and store portfolio,” but did not include the specific number of layoffs.ĬNBC had previously reported in June 2022 that Bed Bath & Beyond’s shares had plummeted, and CEO Mark Tritton departed along with other top executives. In January, CNBC reported that employees were sent a memo that said the company’s chief transformation officer role had been eliminated. The bankruptcy news comes after the company began 2023 with a series of store closures and layoffs. “Through the filing of customary motions with the Court, the Company intends to uphold its commitments to customers, employees, and partners, including continued payment of employee wages and benefits, maintaining customer programs, and honoring obligations to critical vendors,” the statement read.īed Bath & Beyond said it has received $240 million from the investment firm Sixth Street Specialty Lending to help fund the bankruptcy process as it tries to sell some of its assets. The stores will remain open as Bed Bath & Beyond “begins its efforts to effectuate the closure of its retail locations,” the company said in the statement. However, the company assured Bed Bath & Beyond and buybuy BABY customers that they will still be able to purchase items. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey” in a statement April 23. The home goods retailer announced it had “filed voluntary petitions for relief under Chapter 11 of the U.S. However, customers will not be awarded Welcome Rewards on any future purchases following the bankruptcy announcement. The Welcome Rewards program will be up and running until May 15, meaning customers will be able to redeem points and merchandise credits. The company said they "expect" to accept returns and exchanges for items bought before April 26 up until May 24. ![]() All purchases after April 26 will be final.
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