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Bed Bath & Beyond

Business
1.75 Million Travel Steam Irons Part Of Expanded Recall For Fire, Burn, Shock Hazards 1.75 Million Travel Steam Irons Part Of Expanded Recall For Fire, Burn, Shock Hazards
1.75 Million Travel Steam Irons Part Of Expanded Recall For Fire, Burn, Shock Hazards Federal authorities announced that a recall initially reported in May has been expanded to include an additional 1.7 million travel irons after there were new reports of injuries. Kansas-based Vornado announced that it is now recalling upwards of two million Steamfast Home and Away Travel Steam Irons due to fire, burn, and shock hazards due to a faulty power cord. According to the company, the cord can become damaged, leading to possible overheating, which then poses fire and burn risks. The damage can also lead to exposed copper wires, representing a shock hazard. Steamfast travel ste…

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by Zak Failla
Business
Bed Bath & Beyond Lives On - Sort Of: Overstock's Acquisition To Include Rebranding Bed Bath & Beyond Lives On - Sort Of: Overstock's Acquisition To Include Rebranding
Bed Bath & Beyond Lives On - Sort Of: Overstock's Acquisition To Include Rebranding Despite filing for bankruptcy and announcing the closures of its remaining stores, Bed Bath & Beyond will live on -- sort of -- thanks to one of the biggest names in e-commerce. Overstock purchased the home goods retailer's brand and domain names, and loyalty program assets this week for over $21 million. Overstock currently specializes in online furniture and home furnishings. Within the next week, Overstock said it plans to re-launch the Bed Bath & Beyond domain in Canada, followed weeks later by the re-launch of a refreshed website, mobile app, and loyalty program in th…

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by Joe Lombardi
Business
Bed Bath & Beyond Plans To Close Remaining Stores After Filing For Bankruptcy Bed Bath & Beyond Plans To Close Remaining Stores After Filing For Bankruptcy
Bed Bath & Beyond Plans To Close Remaining Stores After Filing For Bankruptcy Struggling home goods retailer Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday, April 23 with plans to close all of its remaining stores by June after efforts to raise enough money to keep the company alive came up short. The company said in a statement that it will implement "an orderly wind-down" of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.  For now, 360 Bed Bath & Beyond and 120 buybuy BABY stores and websites will remain open and continue serving customers as…

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by Joe Lombardi
Business
New Bed Bath & Beyond Closures Include 5 Nassau County Stores New Bed Bath & Beyond Closures Include 5 Nassau County Stores
New Bed Bath & Beyond Closures Include 5 Nassau County Stores Nearly two dozen New York locations are among a new round of scheduled closures announced by struggling home goods retailer Bed Bath & Beyond. Another 87 stores are due to close in 2023, the company announced this week, including 23 locations in New York. That brings the total number of Bed Bath & Beyond locations scheduled to close to at least 162 announced since September 2022. A spokesperson told Axios that the latest round of closures will include all of the company's Harmon beauty shops, as well as five Buy Buy Baby locations. “This store fleet reduction expands the compan…

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by Michael Mashburn
News
Bed Bath & Gone: Fleeing Thief Hits LI Cop With Car, Rams Vehicle Before Crashing, Police Say Bed Bath & Gone: Fleeing Thief Hits LI Cop With Car, Rams Vehicle Before Crashing, Police Say
Bed Bath & Gone: Fleeing Thief Hits LI Cop With Car, Rams Vehicle Before Crashing, Police Say A 29-year-old woman is facing a host of charges after allegedly striking a Long Island police officer with her car during an escape attempt before crashing into a second vehicle while speeding. Nassau County Police were called at around 12:40 p.m. Wednesday, Nov. 2, with reports of several personal property thefts that had occurred near a Bed Bath & Beyond store in Oceanside, located on Long Beach Road. A short time later, officers spotted a car that matched the suspect’s vehicle description traveling south on 5th Street near Mott Street and initiated a traffic stop, police said. As p…

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by Michael Mashburn
Business
New Bed Bath & Beyond Store Closures Include Farmingdale Location New Bed Bath & Beyond Store Closures Include Farmingdale Location
New Bed Bath & Beyond Store Closures Include Farmingdale Location Struggling home goods retailer Bed Bath & Beyond has announced 56 new store closures that it says will be implemented by the end of the calendar year. The closure list includes five locations in New York State: Nassau County: 251 Airport Plaza Blvd., Farmingdale  Orange County: Orange Plaza 470 Route 211 East, Wallkill Westchester County: 500 East Sandford Blvd., Mount Vernon Oneida County: 4805 Commercial Drive, New Hartford  Clinton County: 73 Centre Drive, Suite 100 Plattsburgh  The company is due to report its results for the second quarter later this …

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by Joe Lombardi
News
Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report
Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report An executive at Bed Bath & Beyond who jumped 18 stories to his death at the so-called "Jenga" tower in New York City where he lived on Friday, Sept. 2 was facing a $1.2 billion insider trading lawsuit, according to a new report. Gustavo Arnal, age 52, was the company's executive vice president and chief financial officer. Arnal was among several defendants named in a complaint alleging a "pump-and-dump" stock fraud scheme, the Daily Mail first reported. Bed Bath & Beyond, the lead defendant, allegedly made a “materially false and misleading statement” in a Securities and Exchange …

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by Joe Lombardi
News
Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower
Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower Updated story: Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report An executive at Bed Bath & Beyond has been identified as the man who jumped 18 stories to his death at the so-called "Jenga" tower in New York City on Friday, Sept. 2, according to multiple reports. Gustavo Arnal, age 52, was the company's executive vice president and chief financial officer. Calls reporting a jumper came around 12:30 p.m. from the 60-story building's location in lower Manhattan's Tribeca neighborhood at 56 Leonard Street near Church Street, a…

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by Joe Lombardi
Business
Bed Bath & Beyond Accused Of Scaling Back AC In Stores Amid Drop In Sales Bed Bath & Beyond Accused Of Scaling Back AC In Stores Amid Drop In Sales
Bed Bath & Beyond Accused Of Scaling Back AC In Stores Amid Drop In Sales Bed Bath & Beyond is being accused of cutting air conditioning in its stores in an attempt to lower company expenses, according to a new report from CNN. The news outlet said in a report on Tuesday, June 28, that Bank of America conducted store visits and found that the stores are cutting the AC to try to recover for lower sales. Representatives for Bed Bath & Beyond told CNN that "... no Bed Bath & Beyond stores were directed to adjust their air conditioning and there have been no corporate policy changes in regard to utilities usage." CNN reported that the analysts from Bank …

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by Nicole Valinote
Business
Some NYC Businesses Board Up Ahead Of Election Day Some NYC Businesses Board Up Ahead Of Election Day
Some NYC Businesses Board Up Ahead Of Election Day Some New York City business owners are preparing for potential unrest due to the 2020 presidential election and are taking steps to ensure their storefronts are safe from potential civil disturbances. With what is expected to be one of the most heated elections in history, some store owners in parts of Manhattan have boarded up windows and doors in case there are any demonstrations in advance of voting on Tuesday, Nov. 3. Related story - Here's Percentage Of Americans Who Say 2020 Election Day Will Be Most Stressful Of Their Lives According to reports, among the businesses to begin boardin…

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by Zak Failla
Business
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said.  "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…

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by Joe Lombardi
Police & Fire
Woman Wanted For Using Stolen Credit Cards To Make $3K In Purchases At Long Island Stores Woman Wanted For Using Stolen Credit Cards To Make $3K In Purchases At Long Island Stores
Woman Wanted For Using Stolen Credit Cards To Make $3K In Purchases At Long Island Stores Detectives are seeking the public’s assistance as they attempt to locate a woman who racked up thousands of dollars in charges using stolen credit cards on Long Island. Investigators released photos of a woman who allegedly used stolen credit cards at multiple stores in West Babylon. Police said that the credit cards were reported stolen from a Jeep that was parked outside of the Bristol on West Montauk Highway at approximately 6:30 p.m. on Sunday, Oct. 20 in West Babylon. The stolen cards were then used to make more than $3,000 worth of purchases at several stores, including Stop & Sh…

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by Zak Failla
Police & Fire
Man, Woman Wanted For Using Credit Card To Make $1.2K In Purchases At LI Bed, Bath & Beyond Man, Woman Wanted For Using Credit Card To Make $1.2K In Purchases At LI Bed, Bath & Beyond
Man, Woman Wanted For Using Credit Card To Make $1.2K In Purchases At LI Bed, Bath & Beyond Know them? Police in Suffolk County are attempting to locate a pair of suspects who allegedly used a stolen credit card to spend more than $1,200 in items in Lake Grove. Investigators said that a man and woman used a stolen credit card to make purchases at Bed Bath & Beyond at approximately 4:30 p.m. on Saturday, Aug. 3. The pair later attempted to use the card at the Apple store in the Smith Haven Mall, but were declined. According to police, the card had been stolen from a purse in a shopping cart at Stop & Shop in Centereach approximately an hour before the illegal purchases. …

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by Zak Failla
Police & Fire
Three Charged After String Of Long Island Larcenies Three Charged After String Of Long Island Larcenies
Three Charged After String Of Long Island Larcenies Three people have been arrested following a string of 18 larcenies on Long Island. Following an investigation, Suffolk County Police Third Precinct Crime Section officers arrested the trio in Brentwood on Saturday, Sept. 28 at 7:45 p.m. Terron O’Connor, Christine Tacktill and Steven Jameau at were apprehended at EZ Pawn on Brentwood Road. O’Connor, 39, of Ontario Street in Ronkonkoma, was charged with grand larceny, petit larceny and felony possession of stolen property.  Tacktill, 34, also of Ontario Street in Ronkonkoma, was charged with grand larceny, petit larceny and f…

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by Joe Lombardi
Police & Fire
Duo Wanted For Stealing Long Island Woman's Wallet, Using Her Credit Card Duo Wanted For Stealing Long Island Woman's Wallet, Using Her Credit Card
Duo Wanted For Stealing Long Island Woman's Wallet, Using Her Credit Card Suffolk County Crime Stoppers and Riverhead Town Police detectives are on the lookout for the individuals suspected of stealing a woman’s wallet and using her credit card in Riverhead. Police say a suspect removed a woman’s wallet and credit card from her pocketbook at Walmart (1890 Old Country Road) on Monday, June 24 around 10 a.m. Three men and a woman, pictured above, used the credit card the same day to make unauthorized purchases at Riverhead retailers including Best Buy, Game Stop, Staples and Bed Bath & Beyond, according to police. Suffolk County Crime Stoppers offers a cash re…

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by Valerie Musson