Signage is seen through an overturned shopping cart outside a Bed Bath & Beyond Inc. store in Greendale, Wisconsin.
Daniel Acker | Bloomberg | Getty Images
Bed Bath and Beyond said Thursday it doesn’t have enough money to pay down its debts, warning once more of a possible bankruptcy.
Shares of Bed Bath plunged Thursday afternoon. The corporate’s market value stands at about $278 million.
In a securities filing, the struggling home goods retailer said it “doesn’t have sufficient resources to repay the amounts under the Credit Facilities and it will lead the Company to think about all strategic alternatives, including restructuring its debt under the U.S. Bankruptcy Code.”
The news comes several weeks after the retailer issued a “going concern” notice that it could not have the option to cover its expenses following a worse-than-expected quarter.Â
–CNBC’s Lillian Rizzo contributed to this report.
This can be a developing story. Check back for updates.
