Bed Bath and Beyond says it may not survive
(CNN / KYMA, KECY) - The Bed Bath and Beyond company admitted Thursday in a regulatory filing it probably won't be able to continue operating as is.
The filing says the chain is exploring possibilities, and a bankruptcy filing is among them.
That goes along with what analysts have been predicting for some time.
Bed Bath and Beyond's stock plunged more than 20% Thursday, landing it below two dollars per share.
They say it's never been that low before.
The company operates about 950 stores and employs 32,000 workers.
A bankruptcy filing wouldn't necessarily mean the chain would close its stores.
