Breaking Down What Bed Bath & Beyond's Bankruptcy Means for Consumers
Michael Felice, associate partner at Kearney, joined Cheddar News to talk about Bed, Bath & Beyond's bankruptcy filing and the implications it will not only have the business but what it means for consumers. "But for consumers, I wouldn't really throw away those gift cards or coupons yet. There's still likelihood that those gift cards still will work for an extended period of time," he said.
As inflation-weary consumers cut back on dining out, brands like McDonald’s are relying more heavily on celebrity and influencer endorsements to move the needle
Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.