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.

Share:
More In Business
Small grocers and convenience stores feel an impact as customers go without SNAP benefits
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
Load More