Bed Bath & Beyond (BBBY) filed for Chapter 11 bankruptcy protection on Sunday after several attempts to save itself. Jerry Storch, Storch Advisors CEO and former Toys "R" Us CEO, joined Yahoo Finance to discuss who could benefit from Bed Bath & Beyond’s collapse. “Their business will go to places that have good registries for wedding registries. It will go to places that have strong baby departments and baby registries. So it's going to go to the guys who are already big. It's going to go to Target (TGT), it's going to go to Walmart (WMT), it's going to go to Amazon (AMZN),” Storch told Yahoo Finance. He also shared what he called a “sad truth,” that Bed Bath & Beyond has been in decline for so long that he doesn’t think anyone will notice that it’s gone. Watch the full interview with Seana Smith and Dave Briggs here. Key video moments: 00:10 On Bed Bath & Beyond’s decline 00:29 On possible winners from Bed Bath & Beyond collapse 00:38 “I don’t think anyone is going to notice.” Read More...
Bed Bath & Beyond (BBBY) filed for Chapter 11 bankruptcy protection on Sunday after several attempts to save itself. Jerry Storch, Storch Advisors CEO and former Toys “R” Us CEO, joined Yahoo Finance to discuss who could benefit from Bed Bath & Beyond’s collapse.
“Their business will go to places that have good registries for wedding registries. It will go to places that have strong baby departments and baby registries. So it’s going to go to the guys who are already big. It’s going to go to Target (TGT), it’s going to go to Walmart (WMT), it’s going to go to Amazon (AMZN),” Storch told Yahoo Finance.
He also shared what he called a “sad truth,” that Bed Bath & Beyond has been in decline for so long that he doesn’t think anyone will notice that it’s gone.
Watch the full interview with Seana Smith and Dave Briggs here.
Key video moments:
00:10 On Bed Bath & Beyond’s decline
00:29 On possible winners from Bed Bath & Beyond collapse
00:38 “I don’t think anyone is going to notice.”
Read More
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