Tuesday, March 21, 2023

Bed Bath & Beyond shares plunge after retailer warns it doesn’t have the cash to pay down debts

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  • Bed Bath & Beyond said Thursday it doesn’t have enough cash to pay down its debts.
  • It said it has defaulted on its credit line with JP Morgan, warning once again of a potential bankruptcy.
  • The update comes several weeks after the retailer issued a bankruptcy warning.

This is a developing story. Check back for updates.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC


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