![]() Completion discount for 20 off remaining items after your big day. 2 back in rewards for every 1 at select gas stations and grocery stores. has shut scores of its stores across the country and warned last month that it may need to file for bankruptcy protection as it was unable to pay back its loans. 10 reward certificate for every 10 in rewards earned. Buybuy BABY Canada to shut 11 storesĪdjusted earnings for the past three financial years were negative, and the Canadian arm of the retail giant contributed significant negative adjusted earnings margins to the parent company, the documents said. 26, Bed Bath & Beyond Canada's assets were valued at around $480.1 million, the documents show, while its total liabilities were worth around $429.7 million. The Canadian business does not have the "capacity or ability to independently effect a recapitalization or restructuring of the Canadian operations without access to cash and the support" from the parent company and its lenders, according to the filing.Īs of Jan. 31, the company employed approximately 387 full-time employees and 1,038 part-time workers in connection with its retail operations across Canada, according to the filing.īed Bath & Beyond Canada Ltd., was granted an initial order for creditor protection by the Ontario Superior Court of Justice Friday under the Companies' Creditors Arrangement Act, according to Alvarez & Marsal.īed Bath & Beyond Canada had a net loss of $99.5 million for the nine-month period ending Nov. If youre on the lookout for incredible deals at the Bed Bath & Beyond Clearance Sale or Bed Bath & Beyond Closing Sale, beware of a rising. Alvarez & Marsal has been appointed as a monitor of the business in the Canadian court case. The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the website of consultancy Alvarez & Marsal showed. ![]() Bed Bath & Beyond's Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a U.S. ![]()
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