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Benzinga
Benzinga
Business
Shivani Kumaresan

Could Target and Walmart Be Beneficiaries From A Bed Bath & Beyond Bankruptcy?

Target Walmart NYSE WMT TGT Simeon Gutman Bed, Bath & Beyond Target Corporation Walmart Inc Bobby Griffin

Retail giants Target Corporation (NYSE:TGT) and Walmart Inc (NYSE:WMT) might gain some market share inadvertently and could be the unintended beneficiary of the looming bankruptcy risk for the retail chain Bed Bath & Beyond (NASDAQ:BBBY).

Bed Bath & Beyond, labeled among the “meme stocks,” tanked after billionaire investor and GameStop Chairman Ryan Chen exited his position and made over $60 million profit.

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