Mon, Apr 24th, 2023 - 8:00pm
April 07, 2023 - 7:00am | By Kyle Cornell
(New York, NY) -- Bed, Bath and Beyond is announcing a 120-million-dollar lifeline to stock its bare shelves.
The chain hasn't had the funds to stock shelves as it works to avoid bankruptcy.
Its CEO said in a statement in January that while Bed, Bath and Beyond worked quickly to try to attract shoppers back with new merchandising and marketing strategies, lack of inventory is why it failed to achieve its goals.
ReStore Capital is putting up that money to increase stock at Bed, Bath and Beyond as well as buybuy BABY.
