(Photo credits: Flickr – Mike Mozart)
(AOF) – After jumping nearly 25% yesterday, Bed Bath & Beyond is expected to rise at the opening. The home goods distributor’s stock is backed by speculation. The group will hold a conference call on Wednesday to present a “business and strategic update”. According to the Wall Street Journal, the company, faced with liquidity problems and falling sales and margins, is on the verge of closing a loan of nearly $400 million.
AOF – LEARN MORE
big concerns
According to the Federation of specialized trade, Procos, activity from January to May is very significantly down compared to the same period in 2019, at – 8.8%. Store traffic in May 2022 remained lower than in May 2019, but the decline was limited to 6.5%, much better than in April (-19.6% compared to April 2019). In a very uncertain context, several elements weigh on the profitability of companies, in particular the increase in the cost of electricity and the indexation of rents, even if the composition of the ILC (commercial rent index) has been modified. Previously it was composed of 50% inflation, 25% construction cost index and 25% change in retail turnover. From now on, it will only take into account inflation and the cost of construction because the previous formula included sales made by the ‘pure players’ of the Net, which increased the rents of physical stores.