Bed Bath & Beyond … hope? The struggling retailer issued a awful outlook last week,sending the stock to a nearly 10-year low. Credit ratings agency Standard & Poor’s cleave its rating on Bed Bath & Beyond late Tuesday to a BBB- level, the lowest that S&P still considers investment grade. S&P warned that it could soon downgrade Bed Bath & Beyond’s bonds to junk, or whether “the company cannot stabilize operating performance in the face of continued intense competition from […]
Source: q13fox.com