Bed Bath & Beyond shares tumble 30% as supply chain woes pressure forecast - NewsBreak
By Megansoto in Business
Updated 3 years ago
(Reuters) - Shares of Bed Bath & Beyond Inc fell nearly 30% on Thursday after the retailer slashed its forecasts for the year, blaming supply chain hurdles and rising cases of the fast-spreading Delta variant of coronavirus. Retailers have been battling port congestions and escalating transportation costs due to global...