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Operator: Greetings, and welcome to the Brixmor Property Group First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday, after years of declining sales and low inventory. The home goods retailer, headquartered in Union, New Jersey, will keep its 360 namesake stores and 120 Buybuy Baby locations open for now as the company begins to close the business and liquidate assets. The company plans to close its stores by June 30.
Plus: Elon Musk killed the good bots
The company's massive crash might not be over.
Struggling home goods retailer Bed Bath & Beyond Inc is taking an axe to stores and jobs and overhauling its merchandising strategy, but its return to profitability anytime soon may hinge on luring U.S.