We are sorry, the requested page does not exist
US retailer Bed Bath & Beyond files for bankruptcy
Bed Bath & Beyond filed for bankruptcy Sunday, cementing a years-long decline that saw losses surpass a billion dollars annually as the US retailer struggled to adapt to an uncertain economy and the dominance of online shopping. The home goods chain filed voluntary petitions for relief under Chapter 11 at the United States Bankruptcy Court for the District of New Jersey, a court filing showed. The New Jersey-based retailer, the seller of everything from shower curtains and soaps to vacuum cleaners and duvet covers, for years, was a fixture on the Fortune 500 list of biggest American companies. It said in a statement it had sought bankruptcy protection "to implement an orderly wind-down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets." Bed Bath & Beyond shares dove in January as it warned of "substantial doubt about the Company's ability to continue as a going concern," a sign that was widely interpreted to mean it could file for bankruptcy. The company said at the time that it expected a loss of $386 million in the just-finished quarter. Despite several efforts to restructure -- including the closure in 2022 of 150 of its underperforming stores -- Bed Bath & Beyond was unable to turn its slumping finances around. It says it has secured a commitment of $240 million in debtor-in-possession financing from a lender to support its operations during bankruptcy. The company has listed both its estimated assets and estimated liabilities at between $1 billion and $10 billion, according to a court filing. Closing sales at the stores will start on Wednesday. "Thank you to all of our loyal customers," a banner on the company's website read Sunday. "We have made the difficult decision to begin winding down our operations." Chief Executive Officer Sue Gove said the company "will continue working diligently to maximize value for the benefit of all stakeholders." "Millions of customers have trusted us through the most important milestones in their lives -- from going to college to getting married, settling into a new home to having a baby," she said in the company statement. "We deeply appreciate our associates, customers, partners, and the communities we serve, and we remain steadfastly determined to serve them throughout this process." The company said its "360 Bed Bath & Beyond and 120 Buy Buy Baby stores and websites will remain open and continue serving customers as the Company begins its efforts to effectuate the closure of its retail locations." Last September, its chief financial officer Gustavo Arnal fell to his death from a New York skyscraper in what was ruled a suicide. No date has been set for the company's first debtors' hearing, it said. Bed Bath & Beyond, founded in 1971, grew to operate stores in all 50 US states plus Puerto Rico, Canada, and Mexico. As sales plummeted last year, the company struggled to maintain supply in its stores, and share prices tumbled. While competitors like Amazon and Target invested heavily in improving the online shopping experience in recent years, Bed Bath & Beyond labored at "evolving" its business and adapting, Richard McMahon, a former executive at the company who departed in 2015, told the New York Times. "The internet started to become real and consumer behavior was changing through that process," he added. The post US retailer Bed Bath & Beyond files for bankruptcy appeared first on Daily Tribune......»»
Cebu City declares state of calamity in 28 mountain barangays due to el Niño
CEBU CITY, Philippines – In response to the escalating effects of the ongoing El Niño phenomenon, Cebu City has declared a “state of calamity” in 28 mountain barangays. This decision comes after a resolution was passed with reports of dwindling water sources and agricultural distress, prompting urgent measures to assist affected communities in the city. .....»»
China: PH is ‘straying down a dangerous path’
MANILA, Philippines — China continued to blame the Philippines and its ally, the United States, for the continued tensions in the disputed West Philippine Sea. In a statement on Thursday, Chinese Ministry of National Defense spokesperson Wu Qian warned that the Philippines is going down a dangerous path. READ: No letup in Chinese water cannon attacks.....»»
Parents of baby in JK Labajo s concert speak up
The parents of an infant in a Juan Karlos gig in Tarlac broke their silence, explaining why they brought the baby in a concert. .....»»
Kris naka-survive na walang yaya sa loob ng 1 linggo, grateful sa mister
UNTIL now, naghahanap pa rin ng yaya ang aktres na si Kris Bernal. Ayon sa kanya, isang linggo na silang walang katuwang sa pag-aalaga sa anak nila ni Perry Choi na si Baby Hailee Lucca. Kaya naman, isang linggo rin siyang hindi nakapag-post sa social media. Recently lamang ay nagkaroon siya ng update at nabanggit nga.....»»
Ashley Tisdale buntis sa 2nd baby: ‘We can’t wait to meet you!’
MAY exciting news ang Hollywood actress at “High School Musical” star na si Ashley Tisdale sa madlang pipol! Ayon sa kanya, ipinagbubuntis niya ang second baby nila ng mister na si Christopher French. Sa Instagram, ibinandera ni Ashley ang kanyang baby bump at ang caption niya: “We can’t wait to meet you [emoji].” Baka Bet.....»»
EXPLAINER: Why did the Baltimore bridge collapse and what is the death toll?
(Reuters) -Divers recovered the remains of two of the six missing workers more than a day after a cargo ship smashed into Baltimore’s Francis Scott Key Bridge. The bodies of two men were found in a red pickup truck submerged in the icy waters of the Patapsco River. Rescuers pulled two workers from the water.....»»
JK Labajo pauses concert to take care of 2-month-old baby from crowd
Singer Juan Karlos paused his concert to take care a two-month-old baby from the crowd. .....»»
China blocks Philippine supply run in disputed waters (VIDEO)
Manilla and Beijing have traded accusations over a naval incident near the Spratly Islands Chinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tan.....»»
China blocks Philippine military supply boat in disputed waters (VIDEO)
Manilla and Beijing have traded accusations over a naval incident near the Spratly Islands Chinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tan.....»»
China blocks Philippine supply run in disputed waters
Manilla and Beijing have traded accusations over a naval incident near the Spratly IslandsChinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tank landing ship over two decades ago.The incident occurred near the Second.....»»
China blocks Philippine military supply boat in disputed waters
Manilla and Beijing have traded accusations over a naval incident near the Spratly IslandsChinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tank landing ship over two decades ago.The incident occurred near the Second.....»»
Philippines lodges strong protest with China over water cannon attack in disputed South China Sea
Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»
Marcos admin eyes building 20 new dams by 2028
To meet the country’s growing demand for water and power, the government is eyeing to build 20 medium and three to five large dams by 2028, the end of President Marcos’ term, according to National Irrigation Administration head Eduardo Guillen......»»
Katya mas inuna ang pagbuo ng baby kesa sa kasal nila ni Paulo Pilar
MAS inuna ng engaged couple na sina Katya Santos at Paolo Pilar ang pagkakaroon ng baby kesa ang kanilang pagpapakasal. Iyan ang bonggang rebelasyon ng dating sexy actress nang matanong tungkol sa estado ng relasyon nila ngayon ng kanyang non-showbiz fiancé. Ayon kay Katya, kahit nag-propose na sa kanya si Paolo last January sa Japan,.....»»
Angelica Panganiban ibinandera ang sweet video nila ni Bean
NAANTIG ang puso ng mga netizens sa simpleng bonding moments ng aktres na si Angelica Panganiban sa kanyang baby girl na si Bean. Sa kanyang Instagram page ay ibinandera ng aktres ang video nila ni Bean kung saan makikitang nakahilig ang kanyang ulo sa binti ng anak habang nanonood ito. Ngunit ang nakakatunaw ng puso.....»»
JK Labajo awang-awa sa umiiyak na sanggol habang nagko-concert
UMANI ng 100% pogi points ang singer-actor na si Juan Karlos o JK Labajo mula sa madlang pipol matapos magpakita ng concern sa isang 2-month-old baby. Nangyari ito sa isa niyang show kung saan kinarga at pinatahan niya ang naturang sanggol na iyak nang iyak habang siya’y nagpe-perform. Base sa viral Facebook post ng isang.....»»
Angat’s water to hit below minimum level in June
The water elevation in Angat Dam dropped to 200.05 meters yesterday and may go down below its minimum operating level of 180 meters in June due to the El Niño phenomenon, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration......»»
Acciona advocates water conservation
Acciona, a global sustainable infrastructure company, recently launched its water conservation campaign to raise awareness among young children and empower them to become stewards of the vital resource......»»
Philippines accuses Chinese coastguard of firing water cannons at supply boats
Manila [Philippines], March 23 (ANI): The Philippines has accused China's coastguard of firing water cannons at one of its supply boats in South China Sea, Al Jazeera reported. The Armed Forces of the Philippines said that BRP Cabra managed to manoeuvre and reach Unaizah May 4 to provide assistance to the Philippine supply boat, which had sustained "significant damage."According to the Philippine military, the confrontati.....»»