Bed Bath & Beyond Inc.

"The Company believes that available cash and cash equivalents, the cash provided by future operating activities, and availability under its recently increased ABL credit facility and its new FILO credit facility should enable the Company to meet presently anticipated cash needs for at least the next 12 months"

"the Company announced the planned closure of approximately 150 lower-producing Bed Bath & Beyond banner stores as part of its real estate and store fleet optimization"

"approximately $35.0 million of severance costs related to workforce reduction and leadership changes for both the three and six months ended August 27, 2022"

"We are driving a digital-first, omni-always growth strategy and optimizing our digital and physical store channels to provide our customers with a seamless omni-channel shopping experience."

"For the three months ended May 28, 2022, the Company recorded $23.1 million in costs associated with restructuring and other transformation initiatives."

"The Company recorded $26.7 million of non-cash pre-tax impairment charges for certain store-level assets, including leasehold improvements and operating lease assets."

"The Company recorded $98.2 million and $179.2 million in its consolidated statements of operations for the three and six months ended August 28, 2021 for costs associated with restructuring and other transformation initiatives"

"During the three and six months ended August 28, 2021, the Company had store closing activities for 5 and 21 Bed Bath & Beyond stores, respectively, as part of its store network optimization program which commenced in fiscal 2020 and includes the planned closure of approximately 200 mostly Bed Bath & Beyond stores by the end of fiscal 2021"

"The Company recorded $73.7 million and $121.0 million for the three and six months ended August 28, 2021, respectively, related to the Company's initiatives to introduce certain new proprietary Owned Brand merchandise and rationalize product assortment across the Bed Bath banner store base"

"During the three months ended May 29, 2021, the Company had store closing activities for 16 Bed Bath & Beyond stores as part of its store network optimization program which commenced in 2020 and includes the planned closure of approximately 200 mostly Bed Bath & Beyond stores by the end of fiscal 2021."

"In connection with the launch of certain Owned Brands, the Company recorded this cost of sales adjustment to reduce inventory that will be removed from the product assortment as part of these introductions to its estimated realizable value."

"Similar to other retailers, during the three months ended May 29, 2021, the Company has withheld portions of and/or delayed payments to certain landlords as the Company seeks to renegotiate payment terms, in order to further maintain liquidity given the temporary store closures."

"the pandemic has materially disrupted the operations of the Company and has resulted in the recording of additional non-cash impairment charges"

"the Company has postponed its plans for share repurchases and suspending dividends as a result of the COVID-19 pandemic"

"the Board of Directors of the Company approved the planned closure of approximately 200 mostly Bed Bath & Beyond stores over the next two years as part of the Company's store network optimization program"

"As of March 23, 2020, all retail banner stores across the US and Canada were temporarily closed except for most stand-alone buybuy BABY and Harmon store locations, subject to state and local regulations."

"the Company has proactively taken steps to strengthen its financial position and liquidity. including, among other things: (i) renegotiating payment terms for goods, services and rent, managing to lower inventory levels, and reducing discretionary spending"

"The Company expects nearly all stores to re-open during July 2020, subject to state and local regulations. In addition, the Company expects to expand its recently rolled out Buy-Online-Pickup-In-Store (BOPIS) and contactless Curbside Pickup services"