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Bed Bath and Beyond files for bankruptcy

nytimes.com

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Re: Bed Bath and Beyond files for bankruptcy

#101

Post by garyfirestorm »

Animats wrote: post #45
bearjaws wrote: post #31

This is a huge loss IMO, buying kitchen supplies and bedding on Amazon is complete shit. Target isn't much better due to lack of variety and types of bedding. I've bought the same bed sheets for 5+ years, a few months ago I bought new ones since some bleach got spilt on one set, it comes in and I could tell immediately the quality was far worse. One wash later, its ripping & fraying. Thankfully I could return them. S…

I want to buy a mattress. Mattress review sites are all phony. Amazon is all phony reviews. Mattress FIRM is hugely overpriced. Bed, Bath, and Beyond's brands were just names they'd acquired. That entire industry has managed to shoot itself in the foot. Probably better to order from an actual manufacturer on Alibaba.

Try Avacado Mattress. I genuinely love the product and if you were to believe their spiel it’s probably sustainable and eco friendly…

Re: Bed Bath and Beyond files for bankruptcy

#102

Post by crazygringo »

bearjaws wrote: post #31

This is a huge loss IMO, buying kitchen supplies and bedding on Amazon is complete shit. Target isn't much better due to lack of variety and types of bedding. I've bought the same bed sheets for 5+ years, a few months ago I bought new ones since some bleach got spilt on one set, it comes in and I could tell immediately the quality was far worse. One wash later, its ripping & fraying. Thankfully I could return them. S…

No, BBB had low quality crazy overpriced items.

Yes it was good to be able to see and try items before buying, but then they'd just fall apart.

With Amazon, yeah it sucks I sometimes have to return things because you couldn't try it in person. But on the other hand, I wind up buying much higher quality items on Amazon, and at a cheaper price, because the top 15 reviews together usually give really solid feedback on how the item is holding up after a year or two.

When there are 500 or 5,000 reviews on an item, you generally know what quality you're going to get. At BBB that was never the case. Especially with so many items manufactured exclusively for BBB.

Re: Bed Bath and Beyond files for bankruptcy

#103

Post by draw_down »

kube-system wrote: post #14
humanlion87 wrote: post #8

I find the whole situation fascinating. Bed Bath continued to sell hundreds of millions of shares while they were preparing for bankruptcy and retail investors (or meme stock investors) continued to buy them. I assume Bed Bath did all the paperwork that is necessary (like calling out risks, that the raised capital will go to creditors first, etc) for such a stock sale. But it is clear they were doing it out of bad-fa…

I have a hard time feeling sorry for any retail investors who made the decision to buy BBBY on their own.

[dead]

Re: Bed Bath and Beyond files for bankruptcy

#104

Post by fshbbdssbbgdd »

bearjaws wrote: post #31

This is a huge loss IMO, buying kitchen supplies and bedding on Amazon is complete shit. Target isn't much better due to lack of variety and types of bedding. I've bought the same bed sheets for 5+ years, a few months ago I bought new ones since some bleach got spilt on one set, it comes in and I could tell immediately the quality was far worse. One wash later, its ripping & fraying. Thankfully I could return them. S…

Have you been to BBB lately? They tried to pivot to store brands, people didn’t like that, then they tried to pivot back to name brands but couldn’t afford the inventory. That’s why they are bankrupt.

Re: Bed Bath and Beyond files for bankruptcy

#105

Post by Animats »

wincy wrote: post #81
Animats wrote: post #45

Earlier quoted context omitted.

I want to buy a mattress. Mattress review sites are all phony. Amazon is all phony reviews. Mattress FIRM is hugely overpriced. Bed, Bath, and Beyond's brands were just names they'd acquired. That entire industry has managed to shoot itself in the foot. Probably better to order from an actual manufacturer on Alibaba.

During the pandemic I bought a $500 mattress from Amazon but didn’t like it. So they just gave it to me for free and refunded my purchase. So now I’m sleeping on a free mattress that I don’t really like but it was free.

The seller probably paid about $60 for that mattress.

Re: Bed Bath and Beyond files for bankruptcy

#106

Post by Encrypt-Keeper »

mosdl wrote: post #36
bearjaws wrote: post #31

This is a huge loss IMO, buying kitchen supplies and bedding on Amazon is complete shit. Target isn't much better due to lack of variety and types of bedding. I've bought the same bed sheets for 5+ years, a few months ago I bought new ones since some bleach got spilt on one set, it comes in and I could tell immediately the quality was far worse. One wash later, its ripping & fraying. Thankfully I could return them. S…

Agreed, you basically now only have discounters who sell in store small appliances/kitchen supplies. It must not be profitable enough since there are really no other stores in that market other then BBB.

Not sure what you mean, most if not all department stores today sell small kitchen appliances and supplies. From Target and Walmart to Macys

Re: Bed Bath and Beyond files for bankruptcy

#107

Post by BaseballPhysics »

steveBK123 wrote: post #99
BaseballPhysics wrote: post #75

Earlier quoted context omitted.

Eh, frankly, I think that does a disservice to the people buying the stock. Were a bunch of people buying into the meme stock hype? Sure. Does that make them financially illiterate? Well, the folks who bought Hertz sure look pretty damn smart in hindsight even though at the time they were being described in similar ways, so... who's to say if they are illiterate or just have a different view of value and risk?

Yes it does. Just because someone does inevitably win the lottery does not make lottery ticket buying financially literate & savvy.

It's ironic that you make that comparison, as a lot of very very financially literate people buy lottery tickets because they know they're taking a risk, they know the probabilities, and they still do it because it's fun.

For the same reason, some of the most brilliant minds out there gamble on games of chance, or engage in sports betting, or other high risk activities.

Just because someone takes a risk that you would not take, doesn't mean they're financially illiterate, and certainly you are not in a place to judge one way or the other.

Edit: And as an aside, I can speak to this with some personal experience, as on a lark I threw a bit of money at GME back in the day. Not a lot! Certainly no more than I could afford to lose (and I assumed going in that I would lose it). It was a rollicking good time as I followed the hype cycle on Reddit and whatnot. And in the end I 5x'd my bet.

I don't for a second believe that was anything but dumb luck. And you won't find me running around finding new meme stocks to chuck money at. But I certainly enjoyed myself!

So does that make me financially illiterate?

Re: Bed Bath and Beyond files for bankruptcy

#108

Post by selectodude »

Finnucane wrote: post #95
dragontamer wrote: post #53

Earlier quoted context omitted.

Today, sure. But I'm talking about even in October 2022, just a few months ago. No one was going to open a bedding store when BBBY was within walking distance.

No, we're going to order from LL Bean. We gave up on BBY years ago, the service has sucked for a long time.

Does LL Bean sell frying pans now?

Re: Bed Bath and Beyond files for bankruptcy

#110

Post by genghisjahn »

neurobama wrote: post #52
humanlion87 wrote: post #8

I find the whole situation fascinating. Bed Bath continued to sell hundreds of millions of shares while they were preparing for bankruptcy and retail investors (or meme stock investors) continued to buy them. I assume Bed Bath did all the paperwork that is necessary (like calling out risks, that the raised capital will go to creditors first, etc) for such a stock sale. But it is clear they were doing it out of bad-fa…

The whole stock market in 2023 makes no sense to me, not just Bed Bath and Beyond. So many companies no longer pay dividends. So many classes of stock are now non-voting shares. Common stock shareholders usually get nothing if a company goes bankrupt and liquidates. So if I don't get dividends, can't vote, and am not entitled to a share of the company's assets, what is the actual value in owning stock? Do I just wait…

Common share holders almost always get nothing if a company goes bankrupt. That's part of the risk of holding stock. See the section How Assets are Distributed in a Liquidation: https://www.investopedia.com/ask/answers/09/corporate-liquid...
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