Bed Bath & Beyond (BBBY)

Re: Bed Bath & Beyond (BBBY)

Postby winston » Tue Oct 09, 2018 7:51 pm

not vested

THIS TROUBLED RETAILER IS LOSING GROUND

Today, we're checking in on the "death of retail"...

Regular readers know the popularity of e-commerce is hitting traditional retailers hard. Many companies learned to adapt... But others simply can't keep up with the convenience of online shopping. Today, we're looking at another victim of the "retail apocalypse"...

Bed Bath & Beyond (BBBY) is a leading home-goods retailer. The company specializes in products for the bathroom, bedroom, and kitchen. This market is becoming increasingly competitive, with Amazon (AMZN) playing a major part.

Now, Bed Bath & Beyond's same-store sales are falling – down in each of the past six quarters. And its profits are quickly diminishing in the face of its rivals...

The company reported net income of less than $48 million for the latest quarter, a 48% drop from the same period last year.

As you can see in the chart below, shares of BBBY are tanking. The stock is down more than 80% from its 2014 peak. If things continue the way they've been going, the future looks grim for this brick-and-mortar retailer...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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