- Reuters•10 hours ago
CHICAGO/NEW DELHI (Reuters) - U.S. retailer Bed Bath & Beyond (BBBY.O) said it ordered an external audit of textiles from Welspun India (WLSP.NS), putting more pressure on the embattled Indian bedding and towel maker that has seen nearly half its market value wiped out this week. Welspun has been caught in a maelstrom after U.S. retailing giant Target (TGT.N) last week accused the Indian manufacturer of passing off cheap sheets as premium Egyptian cotton for two years. Target has said it is severing ties with the company, prompting other Welspun clients including Wal-Mart Stores (WMT.N) and JC Penney (JCP.N) to also probe the manufacturer.
- The Wall Street Journal•13 hours ago
Wal-Mart Stores, Target and other big U.S. retailers have become entangled in a controversy over whether one of India’s biggest textile companies has been supplying their stores with phony “Egyptian cotton” ...
- MarketWatch•20 hours ago
Bed Bath & Beyond Inc. said Wednesday it had started an audit to determine if an Indian supplier had sold it authentic Egyptian-cotton products, days after Target Corp. alleged the same vendor sold it ...
Bed Bath & Beyond Inc. (BBBY)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
|Bid||46.27 x 400|
|Ask||46.29 x 500|
|Day's Range||45.65 - 46.56|
|52wk Range||41.15 - 64.17|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||9.24|
|Avg Vol (3m)||2,388,714|
|Dividend & Yield||0.50 (1.09%)|