After Wasting $11.6 billion on Share Buybacks (“Return Value to Shareholders” LOL), Meme-Stock Pump-n-Dump Bed Bath & Beyond Goes Bankrupt, Will Liquidate by Wolf Richter • Apr 23, 2023 • 176 Comments Brick-and-Mortar Meltdown Continues. Revenues Collapsed by 55% since 2017: Share buybacks and Ecommerce killed it.
After Spiking 92% Today, 350% in a Month, Bed Bath & Beyond Stock Collapses Afterhours on Share Offering That’ll Dilute the Bejesus out of the Meme-Stock Crowd by Wolf Richter • Feb 6, 2023 • 105 Comments Revenues collapsed. Bankruptcy filing hangs over it. This is a money-suck. But hey, it incinerated $11.6 billion on share buybacks.
Bonds of Bed Bath & Beyond Collapse on Bankruptcy Fears as Suppliers with Unpaid Bills Halt Shipments by Wolf Richter • Aug 22, 2022 • 118 Comments Meme-stock crowd got crushed, shares collapsed 69% in 4 days. Billionaire hedge-fund hero, who might have known about unpaid bills, got out in time.
Brick-and-Mortar Meltdown Manhattan Style, Year 6: Have Retail-Shop Rents Collapsed Enough Yet? by Wolf Richter • Dec 21, 2021 • 105 Comments In a number of shopping corridors, asking rents collapsed by 50% to 73%, amid a slew of vacant stores. But in one corridor, rents jumped.
Best Buy Shares Plunge on Margin Pressures, “Organized Retail Crime”: A Look at Organized Retail Crime in the US and How Ecommerce Turned it into a Big Business by Wolf Richter • Nov 23, 2021 • 209 Comments Stolen goods get sold to law-abiding Americans by third-party vendors on big ecommerce sites that profit from it. Legislation to control it struggles.
CVS to Close 900 Stores, Convert Others from Retail to Services, as Ecommerce Competitors Gobble up Pharmacy Revenues by Wolf Richter • Nov 19, 2021 • 103 Comments Brick & Mortar Meltdown Continues.
Why Walgreens is in Trouble in San Francisco and is Closing Some Stores: It’s Not Shoplifting, that’s an Artful Distraction from the Real Reasons by Wolf Richter • Oct 23, 2021 • 234 Comments Caught up in the brick-and-mortar meltdown, it faces its own botched decisions and a market that has horribly turned against its pharmacies.
Mallmageddon: How Far the Value of Four Live Malls, Not Zombie Malls, Collapsed this Summer by Wolf Richter • Aug 25, 2021 • 112 Comments Leaving Big Holes in CMBS as mega-landlords, such as Bookfield and Westfield’s owners, walk away.
No Brick & Mortar Meltdown for Legal Marijuana Retailers by Wolf Richter • Aug 21, 2021 • 118 Comments In California, sales at cannabis retailers hit $5.1 billion over the past 12 months.
Creditors Foreclose on Another Mall of Simon Property Group, Face Massive Loss by Wolf Richter • Jul 21, 2021 • 147 Comments As largest mall landlord in the US sheds its malls, CMBS holders, such as bond funds and pension funds, take the losses.
