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Bed Bath & Beyond US in a ‘death spiral’

(Source: Bigstock.)
Fresh figures from beleaguered US retailer Bed Bath & Beyond show sales slumped by a third in the latest quarter driving a loss of US$451 million in three months.  Analyst Neil Saunders, MD at GlobalData, said the “torrid” figures show the company has “completely lost control and is in a tailspin”.  “With the ground fast approaching, survival now looks unlikely. A third of revenue has vanished, plunging an already beleaguered company into the depths of chaos.” The lates
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