Bed Bath & Beyond Inc. (NASDAQ:BBBY) today provided shareholders with a positive update on its turnaround efforts, boosting BBBY stock.
The domestic goods retailer has been struggling as of late, with BBBY stock spending most of the summer in freefall, having lost over 60% since April. The company has been waylaid by a myriad of issues such as poor quarterly performance, excessive inventory, an excessively broad portfolio, and an inefficient supply chain, all of which have contributed to investors flocking from BBBY stock in their droves. The biggest problem for BBBY is how long these issues ...
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