bed Bath and Beyond who this week ousted its chief executive and disclosed deep lossesNot only has to face a strategic crisis but also has to face a financial crisis.
The retailer ended May with nearly $100 million in cash, after burning more than $300 million of its stores and borrowing $200 million from its line of credit. It has already sold real estate to raise funds. Now, it is working with consultants on cash management and trying to find a buyer for its BuyBuy Baby business.