Bed Bath & Beyond is burning through its cash reserves

Outdoor shower bed which this week fired its chief executive officer and disclosed deep losses, facing not only a strategic crisis but also a financial crisis.

The retailer ended May with about $100 million in cash, after burning through more than $300 million in reserves and borrowing $200 million from a line of credit. It sold real estate to raise funds. Currently, they are working with cash management advisors and trying to find a buyer for their Muabua Baby business. Bed Bath & Beyond is burning through its cash reserves

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