Net Proceeds of Offering to Immediately Repay ABL Facility Default Under Credit Agreement Waived Company's Turnaround Plans to be Further Supported by Realigned Store Footprint and Cost Structure UNION, N.J., Feb. 7, 2023 /PRNewswire/ -- Bed Bath &... — read more
Warn Notices 2023
https://www.nj.gov/labor/assets/PDFs/WARN/2023_WARN_Notice_Archive.pdf
When will the announcement go out?
When will affected stores be notified? When will we know if our store is closing? Is there a chance that affected locations already know and those that didn't get the notification are staying open? I know there's no future at Bed Bath & Beyond but I... — read more
Stores that have Harmon
When are they getting the closing notice? Going to be a lot of empty open floor space at my location
Bed Bath & Beyond is closing 150 more stores
Just posted today: https://amp.cnn.com/cnn/2023/02/07/business/bed-bath-and-beyond-more-closures/index.html
Severance
Has anyone from the last 2 waves heard anything about severance. That’s pretty much the only thing keeping me around.
401k
They don't match for last year's contributions until around March or April. Whats the chances we don't get that match?
No Web access today
Anyone else have no web access. Can’t make a label, can’t check pricing or replenish and no access to store walk. Ps. They is no one in Enterprise support to call. Ship is going down…
Why is there still a SVP of diversity equity and inclusion??
Logic would have sent all of the no show useless corporate jobs down the river by now....
Liquidators slowly taking over
Each store that is closing is now technically owned by the liquidator that bid for the store. They are in charge of making sure payroll and all other store operations are funded. The DM's are powerless!!! Forget rewards plus or any other id--tic... — read more
Customers
Anyone else getting the two different customer comments 1- Is this store closing? I heard they all were and that I can get 20% off everything. 2- You don’t have that in stock either! That’s why you are going out of business! They are getting so... — read more
RC and MT : what’s the connection?
RC last week bought a stake in Nordstrom where MT is part of the company’s board. Everyone knows They both are responsible for current state of Bed Bath. Are they going to destroy Nordstrom too? What’s the connection between these 2? Is it part of... — read more
MT
Did MT work for Target the entire time he has CEO at BBB and sabotage the company? Why did the CFO take a header? Why did they hire GM who put 2 companies out of business. So many questions yet to be answered. MT brought in all of his own people and... — read more
closings
Any get the package? And started liquidation today and didn't know it ?
They are trying to keep you in limbo: both Corporate and Memers.
We never had someone act like a hall monitor on here before: why do you think that is? So memers can counteract the negative press the place has been getting and keep their flock in place when they play games with the stock, and BBBY lets them get... — read more
Where were and are the original Bed Bath and Beyond locations??
I was just looking at the store numbers of different stores and it appears that Canoga Park was one of the original locations, store number 8, and Tucson, Arizona-Crossroads Festival is store number 47. Are store numbers numbered after what stores... — read more
New trend
If you think you are in a safe store you are wrong. The company is closing stores in waves. We are about to enter wave 5 next week. Secret last minute calls are being made to sms by dms on Wednesday or Thursday nights. No list is announced. As more... — read more
What Happened To The Support Center?
They've been down all week. Anyone in the know?
The real question?
How long does anyone expect a company to survive when sales are down 50-60% from 2018. Even the best stores still left are down about 40% since then. And let's not talk about traffic, that's down around 70% I'm most areas. They were pumping... — read more
Next week
It’s gonna be wild!! Come back here to feel the truth.
W-2
I was laid off in August, still haven't received my W-2. Anyone else have that problem?
401k
Anyone try to access your 401k account. I’ve tried for 2 days and it says it’s doing maintenance.
Closed 7 More Stores in SoCal
https://therealdeal.com/la/2023/02/03/bed-bath-beyond-to-close-seven-more-stores-across-socal
More stores will be added to liquidation in the next coupe of weeks.
Just heard from another SM on a store visit with the RVP, overheard talking to someone on a call saying that it's all over and get your resume ready. Mored stores and set to close.
Payroll stubs not arrived
Anyone else's store not receive their paper checks yet? Our tracking shows them a few states away.
Remember what happened to Sears a few years ago?
That's what we can expect to happen to us. Go read up on it just to see what happened and how employees were treated in that whole mess. Then redouble your efforts to find a new job before we reach that point (which is not too far away from us... — read more
Liquidation kits
Any other stores receiving liquidation kits by "accident"? We got a call saying they were sent to all stores by accident. We were told to hang onto them and we will be instructed to send them to a closing store at a later date. Problem with that lie... — read more
Pull the gift cards
All BBB and BBBY gift cards are a pull off the floor and don't sell in all kiosks and retailers...
FYI
Found this online for anyone who’s interested in types of bankruptcy and timelines. https://www.clevelandbankruptcyattorney.com/six-stages-of-filing-for-bankruptcy/
Warm Notice NY
57 employees being let go Elmsford NY, May 1st https://dol.ny.gov/system/files/documents/2023/01/warn-bed-bath-beyond-2022-0090-1-30-2023.pdf
Now is the time to leave
Creditors get paid first and last creditors who are left, i.e. employees gets what is left, so best to quit now before the inevitable chapter 7. Remember unemployment also covers loss of hours. This is the best possible advice. Chapter 11 is bad... — read more
Sign spinner got stiffed!
The sign guy that was on the side of the road advertising the closing of my store walked away disgusted because he hasn’t been paid.
Who cares?
Don’t act surprised. If you’re still there - you’re a fool
Repetitive Severance post
https://www.bloomberg.com/news/articles/2023-02-03/bed-bath-beyond-s-ex-employees-report-delay-in-severance-pay
Cohen is at it AGAIN. Nordstrom is heading where Bbb is headed.
https://stocks.apple.com/ADvP-PnnrRGa6JdP_S15Q_Q
Vendor Thread
Are there any vendors here that are still waiting on payments? Has anyone been concerned?
It's Over
BBBY Will File For Chapter 7 Today. Get your cover letters and resumes ready for the next steps in your retail careers.
anyone else get the payment delated email
We are reaching out to make you aware that there has been a delay with your payment. We recognize the challenges this may cause and appreciate your patience as we work to provide you with an update. We are aiming to be back in touch by Wednesday... — read more
The absolute gall of these people
I'm one of those that hasn't been paid yet. I'm working like a mule day in and day out the least I could expect is at least getting paid on time so I can take care of my bills... but I suppose the millionaire execs can't relate to us commoners in... — read more