Bed Bath & Beyond’s (NASDAQ:BBBY) Holiday Sales May be in Real Trouble
November 25 2022 - 01:40AM
TipRanks
American home goods retailer Bed Bath & Beyond (NASDAQ:BBBY)
may be in real trouble this holiday season due to inventory
challenges. While most retailers are struggling with the issue of
excess inventory, BBBY is struggling to stock up on inventory on
its shelves. As per a WSJ report, citing analytics company
DataWeave, roughly 43% of BBBY’s inventories were out of stock in
October, much higher than its competitor’s levels and nearly twice
the level of out-of-stock items in the first half. Additionally,
customers have been complaining of not finding items they usually
bought from BBBY and have shifted shopping to other stores.
https://www.tipranks.com/news/bed-bath-beyonds-nasdaqbbby-holiday-sales-may-be-in-real-trouble?utm_source=advfn.com&utm_medium=referral
Bed Bath and Beyond (NASDAQ:BBBY)
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