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Bed Bath & Beyond is seeking reparations from a shipping company it says “exploited customers.” The bankrupt retailer filed its complaint against Orient Overseas Container Line Limited and OOCL (Europe) Limited (OOCL) with the Federal Maritime Commission (FMC) on April 27.
There's no need to worry that video game retailer GameStop (NYSE: GME ) will end up like Bed Bath & Beyond (NASDAQ: BBBY ). There are important differences between GameStop and Bed Bath & Beyond, and GME stock actually has the potential to make a multi-bagger move in 2023.
Bed Bath & Beyond (OTCMKTS: BBBYQ ), which declared bankruptcy last month, was delisted from the Nasdaq yesterday as part of its bankruptcy proceedings. Now listed on an over-the-counter exchange under the symbol BBBYQ, the company's shares are trending and gaining attention from retail investors.
Although many retailers may feel anxious about the prospect of going bankrupt, this is a chance for brands to expand their horizons and explore new markets.
Bed Bath & Beyond (NASDAQ: BBBY ) is no more. Shares of BBBY stock stopped trading today, as the company begins its delisting process.
In the aftermath of headline-grabbing bankruptcy filings of Bed Bath & Beyond and David's, more retailers are at risk of falling under.
Bed Bath & Beyond Inc.'s BBBY stock will be delisted from the Nasdaq COMP at market open Wednesday. The troubled home goods retailer and sometime meme stock filed for chapter 11 bankruptcy in April after a troubled couple of years marked by strategic missteps, cash burn, challenging underlying business trends and the impact of the COVID-19 pandemic.
The retailer was a star stock during its first 20 years as a public company, but things fell apart in recent years.
Bed Bath and Beyond Inc., which filed for chapter 11 bankruptcy last month, has filed complaints against two ocean carriers, claiming that they abandoned their service commitments to the troubled home goods retailer.
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