The company said it might be going under and sold shares anyway. And people bought them! And now the company is, indeed, under.
and said stores would close by June 30. Bed Bath’s demise is sad in that Blockbustery sort of way, as a vestige of consumerist days gone by. The store where your family bought a bath mat and a blender in 2004 could not keep up in the modern world, and now it will die, and its creditors will fight over what little is left after Bed Bath’s going-out-of-business sales.. Another was that nostalgia.
. But most things do not last forever, and Bed Bath’s stock has been on a determined march to zero since February. Concurrently, the company has been running out of money, and now it says the music has stopped.By this time, Bed Bath was probably dead anyway. But its death was not inevitable, and it was certainly not honorable.
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