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BUSINESS Monday 9 January 2023
A13

Bed Bath & Beyond warns about bankruptcy as sales slump HEALTH

By ANNE D'INNOCENZIO instead of pushing its own DOCTOR ON DUTY
AP Retail Writer store labels. Oranjestad
NEW YORK (AP) — Belea- That reversed a strategy Hospital 7:00 pm / 10:00pm
guered Bed Bath & Be- embraced by its former Tel. 527 4000
yond warned on Thursday CEO Mark Tritton, who was
that it may need to file for ousted last June after less San Nicolas
bankruptcy protection as than three years at the Imsan 24 hours
it struggles to attract shop- helm. The company said it Tel.524 8833
pers. would get rid of one-third Women in Difficulties
The Union, New Jersey- of its store brands, which PHARMACY ON DUTY
based home goods retailer had started to be rolled Oranjestad:
said that it's looking at sev- out in the last year or so. Oduber Tel. 582 1780
eral options, including sell- Besides Bed Bath & Be- San Nicolas:
ing assets or restructuring yond, the company also Centro Medico Tel. 584 5794
Women in Difficulties
its business in bankruptcy runs the buybuy Baby and OTHER
court. But it acknowledged Shoppers enter and exit a Bed Bath & Beyond in Schaumburg, Harmon chains.q Dental Clinic 587 9850
that even those efforts may Ill., Jan. 14, 2021. Blood Bank Aruba 587 0002
not be successful. Associated Press Urgent Care 586 0448
Its stock fell 30% and ended Walk-In Doctor’s Clinic
Thursday at $1.69, its lowest roughly $385.8 million for about 150 of its namesakes +297 588 0539
level since November 1992. the third quarter, wider stores and slashed its work- Women in Difficulties
"There is substantial doubt than its loss of $276.4 million force by 20%. It estimated EMERGENCY
about the company's abil- in the year-earlier period. those cuts would save $250 Police 100
ity to continue as a going The company's recently million in the company's Oranjestad 527 3140
concern," the retailer said appointed CEO and presi- current fiscal year. It also Noord 527 3200
in a statement. dent, Sue Gove, blamed said in August that it had Sta. Cruz 527 2900
The company's assessment the poor performance lined up more than $500 San Nicolas 584 5000
came as its dismal perfor- on inventory constraints million of new financing. Police Tipline 11141
Ambulancia
911
mance extended through and reduced credit limits Mired in a prolonged sales Fire Dept. 115
the holiday season. that resulted in shortages slump, the company also Red Cross 582 2219
Bed Bath & Beyond said it of merchandise on store announced back in Au-
expects to report net sales shelves. gust that it would revert to TAXI SERVICES
of $1.26 billion for the third In August, Bed Bath & Be- its original strategy of fo- Taxi Tas 587 5900
588 0035
Prof. Taxi
quarter ended Nov. 26. yond announced it would cusing on national brands, Taxi D.T.S. 587 2300
That would be a 32% drop shutter stores and lay off Taxi Serv. Aruba 583 3232
from a year earlier. It also workers in a bid to turn A1 Taxi Serv. 280 2828
anticipates a net loss of around its business. It closed Women in Difficulties
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