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Bed Bath & Beyond Warns of Possible Bankruptcy



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Bed Bath & Beyond, the beleaguered home goods retailer, warned investors on Thursday about the darkening prospects for its future, saying that bankruptcy was a possible option.The company, which has roughly 900 stores across the country, reported preliminary earnings, noting lower sales and slower foot traffic compared with the prior year. The company said its sales were about $1.3 billion for the quarter ending Nov. 26, about a third lower than the year before. The period included the run-up to Black Friday.The retailer estimated that it would record a loss of $386 million in its latest quarter, much worse than the $276 million loss in the previous year, and said it would need more time than expected to close its books. The company’s share price tumbled more than 20 percent in early trading on Thursday.“The company has concluded that there is substantial doubt about the company’s ability to continue as a going concern,” Bed Bath & Beyond said in a …

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