Why The Container Store could be next retailer to go bankrupt [FOX Business Network]
Beyond, Inc. (BYON)
Company Research
Source: FOX Business Network
Today, it could be the next big retailer to go bankrupt. The retail chain, which offers a range of custom spaces, organizational solutions and in-home services, is contending with a weaker housing market and a growing availability of cheaper alternatives. The company touts itself as the "nation's only home storage retailer with a solution-oriented approach." But Eric Snyder, partner at New York City-based Wilk Auslander LLP, told FOX Business that the housing market conditions and growing competition have "made this brick-and-mortar company… an unnecessary purchase." The company doesn't benefit from holiday sales because their products are not considered discretionary purchases, which is exacerbating its woes, according to Snyder. "Because of this, plus the loss of a $40 million lifeline from Beyond, bankruptcy and a quick sale is the only option," Snyder said. Beyond Inc., which owns Bed Bath & Beyond and Overstock.com, backed out of a deal to invest $40 million in the Contai
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BYON
News
- Beyond, Inc. Announces Sale of Corporate Headquarters Closing [Yahoo! Finance]Yahoo! Finance
- Beyond, Inc. Announces Sale of Corporate Headquarters ClosingGlobeNewswire
- Beyond, Inc. (NYSE: BYON) was downgraded by analysts at Argus from a "hold" rating to a "sell" rating.MarketBeat
- tZERO Leverages Fireblocks Technology to Support Its Recently Launched Digital Security Custody Business [Yahoo! Finance]Yahoo! Finance
- Going Concern Risks Rise at The Container Group [Yahoo! Finance]Yahoo! Finance
BYON
Earnings
- 10/24/24 - Beat
BYON
Sec Filings
- 12/20/24 - Form 8-K
- 11/22/24 - Form 8-K
- 11/14/24 - Form SC
- BYON's page on the SEC website