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Ticker: Bed Bath & Beyond plans to reopen stores

Posted On: May 22, 2020   |   Posted By: Boston Herald

The coronavirus continues to upend the normal ebb and flow of the economy:
Bed Bath & Beyond plans to reopen about 600 additional stores within three weeks and bring back 11,000 furloughed workers. The vast majority will be Bed Bath & Beyond locations, but it's also opening dozens of its Christmas Tree Shop stores and Cost Plus World Market stores. Its buybuy BABY and Harmon Face Values stores have remained open to provide essential goods.
Pandemic hits earnings, but companies fared better than expected
The worst was expected this season and most Wall Street analysts believe the majority of companies at least dodged that. But 40% of all S&P 500 companies pulled all financial guidance for the year due to the chaos of a pandemic.
Deere CEO John May said the virus has created a lot of uncertainty and the company expects global sales of its agriculture equipment to fall between 10% and 15% this year, and for construction and forestry equipment to fall as much as 40%. The company on Friday reported that revenue...

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