Bed Bath & Beyond (BBBY) reaching the end of the road amid its filing for Chapter 11 bankruptcy. Store locations of the big box retailer will remain open for the time being as it begins to close business and liquidate assets.
However, one retailer’s demise is another retailer’s gain. Forrester Research Retail analyst, Sucharita Kodali says companies such as Target (TGT), Walmart (WMT), and IKEA may benefit from Bed Bath & Beyond’s situation.
“All of those Bed Bath & Beyond employees, I think are great candidates to potentially be employed at some of those other stores,” says Kodali.
As for retailers that might be on the chopping block next, Kodali says “there are always retailers that are on the precipice” for a similar fate to BBBY. In addition Kodali says, “typically, they are the ones that would be on like a Moody's list of ones that are pretty badly indebted.”
For Yahoo Finance’s Brad Smith and Julie Hyman’s full interview with Sucharita Kodali click here.
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00:00:10 Retail benefiting from BBBY
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