Some stores filed.....NOT BBBY...

[jimboli]

BBBY has not filed for bankruptcy. I think the title of this post is VERY misleading.

[lensperson]

I find it disturbing that last weekends sales catalog for Linens'N Things in the Seattle Times Sunday edition was still encouraging consumers to buy their gift cards!

[kajehas]

Originally Posted by kimandkathess I got a list of stores from my brother-in-law who lives in california and he said these are a list of stores filing for bankruptcy: I have included some links to articles. > Hollywood Video > Levitz > Sharper Image > Performance Team Freight > Linens n Things NEWS > Curcuit City > Bed, Bath and Beyond !! After doing some research myself...I found like this store, isn't on the list, yet anyways, for bankruptcy. From the looks of things, BBBY has thought about buying Linens n things but couldnt come up withthe money. There is no word yet on wether bbby will close or not. Read the articles below and above for more info. snopes.com: Redeeming Gift Cards After Bankruptcy Filings > If you have gift cards from the above list use them ASAP, they might not be valid for much longer. ~~Katrina~~

Bed, Bath & Beyond made $562 million dollars in their last fiscal year, which ended in March 2008. They have over $200 million in cash. Their current ratio is 2:1, which is considered good (this means their short term assets are twice as much as their short term liabilities.)

They have no long term debt.

I don't think they are a candidate for bankruptcy.

I am holding on to my BBB gift cards until I hit a hot deal.

[gh_lover]

LOL I love it!
They should!

Originally Posted by hotcouponmama BBB and LNT should merge - Bed Bath and Things!

[gr8Idea]

Originally Posted by kajehas Bed, Bath & Beyond made $562 million dollars in their last fiscal year, which ended in March 2008. They have over $200 million in cash. Their current ratio is 2:1, which is considered good (this means their short term assets are twice as much as their short term liabilities.) They have no long term debt. I don't think they are a candidate for bankruptcy. I am holding on to my BBB gift cards until I hit a hot deal.

You're right - they're not going to file. One of their primary recruiting positions is their debt-free status. It's a very strong company.

[purplefdu]

I would imagine a CC warrante after bankruptcy is worth about what one is now:nothing.
They have a horrible track record with the BBB, as I found out when I sent in my barely used Kenwood shelf stereo for servicing and it took them almost three months to be willing to give me a cash refund after loosing my speakers and breaking the antenna further, all over the holidays when I brought it in the beginning of November.

[druidessemily]

Originally Posted by lensperson I find it disturbing that last weekends sales catalog for Linens'N Things in the Seattle Times Sunday edition was still encouraging consumers to buy their gift cards!

LNT is not closing all of their stores, only 120 of them. Gift cards would still be valid at the stores that are open.

[jljenkins]

Does anyone know where I might find out which of the LNT stores are closing?

Thanks!
- Jennifer

[druidessemily]

Originally Posted by jljenkins Does anyone know where I might find out which of the LNT stores are closing? Thanks! - Jennifer

http://media.corporate-ir.net/media_...easeNew5_1.pdf

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