Current Events > Bed, Bath and Beyond files for bankruptcy

(+) Yeah! (+)

g980 posted...

"zero notice" lol as if any BBBY was blindsided by this

and since when do bankrupt companies give severance

After all the "if companies cant afford to pay their employees more then they shouldnt exist" this is what happens when companies stop existing - people lose their jobs

whitelytning posted...

Not true. It sank because they couldnt keep the balance sheet in the black. People point to their reluctance to get into the online market. They essentially became the demo store for things people would buy on Amazon.

and yet the shareholders all walked out with more money do to the stock buy backs they did

whitelytning posted...

Not true. It sank because they couldnt keep the balance sheet in the black. People point to their reluctance to get into the online market. They essentially became the demo store for things people would buy on Amazon.

This is true. I vividly recall going to my local BB&B to look at a certain baking sheet, and then went on Amazon and ordered the exact one, using the bar code, while still in the store.

Saved myself $10.

AceMos posted...

and yet the shareholders all walked out with more money do to the stock buy backs they did

Yes. That's how capitalism works. Even with the smallest of businesses, the money always goes to the top. Whether it's Amazon, or some housewife selling cakepops out of her kitchen, the overwhelming majority of the money ends up with the owner(s) of the business.

bigblu89 posted...

Yes. That's how capitalism works. Even with the smallest of businesses, the money always goes to the top. Whether it's Amazon, or some housewife selling cakepops out of her kitchen, the overwhelming majority of the money ends up with the owner(s) of the business.

thats what i said from the start this is a example of capitalism screwing ppl over

AceMos posted...

thats what i said from the start this is a example of capitalism screwing ppl over

Not to defend them, at all, but just stating facts.

If there was no severance deal in place prior to BB&Bs collapse, and I honestly dont know if there was or wasnt, they didnt screw anyone over.

Its retail. Most of them were just hourly employees. I doubt many of them even had benefits unless they were in management positions.

Good. Terrible place to work for. Thanks Mark Tritton

When does the blowout sale start? Cuz I'm gonna buy a shit ton of stuff if it's like 75% off lol