Bed Bath & Beyond sales in steep decline amid bankruptcy concerns
Yahoo Finance Live’s Brian Sozzi breaks down the stat of the day.
BRIAN SOZZI: All right, Bed, Bath & Beyond has seen a wild leap in trading as the dying retailer secured $1 billion in cash to stay in business. But worth remembering is how the company got into its current mess. That is by not evolving with the consumer. You could see that in the company's sales. Bed, Bath & Beyond is forecast to have $5.6 billion in sales for the fiscal year ended February 28. If that number is hit, it would mark a steep drop from the $12 billion in sales the company did for all of 2018.