Newell Brands President Chris Peterson says bankrupt-retailer Bed Bath & Beyond was an "important customer" but credit exposure is minimal.
About 11 minutes into Newell Brands Inc.’s post-earnings conference call with analysts on Friday, Chief Executive Officer in waiting Chris Peterson addressed the elephant in the room: Bed Bath & Beyond Inc.
“While... About 11 minutes into Newell Brands Inc.’s post-earnings conference call with analysts on Friday, Chief Executive Officer in waiting Chris Peterson addressed the elephant in the room: Bed Bath & Beyond Inc. “While we typically do not comment on individual retailers, given they were an important customer for Newell Brands in 2022, I’ll shed some light on where we stand,” Peterson said.
But the bankruptcy still poses some risk to Newell’s business, as Bed Bath winds down its business and looks to sell off assets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newell Brands says raising prices by roughly 10% is ‘the right thing to do’Newell Brands topped revenue expectations and said its Bed Bath & Beyond exposure is minimal and that it will raise prices by roughly 10% on some products.
Read more »
President of N.J.’s most influential cannabis trade group steps down to take on new roleEdmund DeVeaux is stepping down as president of the New Jersey CannaBusiness Assn. Scott Rudder, founder and first president, will be interim president until a new president is installed.
Read more »
These stores will still accept your Bed Bath & Beyond couponsWhile the coupons are no longer valid at Bed Bath & Beyond stores due to the company's bankruptcy filing, at least two other retailers said they will accept them.
Read more »
Here’s where you can still use you Bed Bath & Beyond couponsYou can no longer use them at Bed Bath & Beyond but you can at Boscov's and other stores to get discounts on your purchase.
Read more »