Bed Bath & Beyond Inc is reviving bankruptcy preparations, Bloomberg TV reported on Wednesday, as the home goods retailer has struggled with dropping sales and competition from big-box retailers for a while.
Shares of the company pared some premarket gains to trade up about 21% at 41 cents in early trading.
Bed Bath & Beyond did not immediately respond to a Reuters request for comment.
The company in late March announced plans to sell $300 million worth of its shares and once again warned it might have to file for bankruptcy if it cannot raise funds from the sale.
(Reporting by Deborah Sophia, Granth Vanaik and Ananya Mariam Rajesh in Bengaluru; Editing by Nick Zieminski)
