Yahoo Finance Live anchors discuss Bed Bath & Beyond stock performance amid reports that the company has secured a loan deal.

Video Transcript

BRAD SMITH: Switching gears as well, but kind of staying in retail, Bed, Bath & Beyond shares on the move following a report by the Wall Street Journal that the company has secured financing to shore up its liquidity. According to the Journal, the company told prospective lenders on Tuesday that it had selected a loan facilitator. Bed, Bath & Beyond has yet to provide further details on the loan. Shares moving up by about 27% here pre-market, and this is liquidity that the company needs right now.

BRIAN SOZZI: Yes, they do. They ended the most recent quarter $107 million in cash, I think $200 million on tap in their credit line. That was as of June 29 when the filing hit. So they may have tapped that credit line on shore. I reached out to Bed, Bath & Beyond. They said this. Hi, Brian. As previously shared, we'll provide an update at the end of the month. Thank you. Or I'm sorry-- this month. Thank you.

And I just have to-- just try to figure out what is going on inside this company. They had a chance last week, I think, to come out here and offer shares for sale to raise cash with the stock rising, and they just don't seem to be reading the room and understanding the moment and how much pressure they are in. That's not what I wanted to hear from Bed, Bath & Beyond. I get they have to be careful, but still, your stock has been slaughtered. Let's step up here. Understand what's going on here. You have a lot of people that have lost their shirt over the past six months. Do a better job.

JULIE HYMAN: Well, and it's also interesting, whoever gave this leak to the Wall Street Journal, that there was so little detail within it, right? That we don't know what size the loan is going to be. We don't know exactly the parameters of it. And even though the marketing process was conducted by JPMorgan Chase, according to the Journal, we don't know who's giving the loan. So, you know.

BRIAN SOZZI: And it all could be tied together. If the Bed, Bath & Beyond had more of a narrative, if you had, I think, more folks stepping up inside of the company because based on people I've talked to, morale is very low, as it should be. I mean, this is a cratering retail store. We went to show that stock chart over the past year. It's been straight down. You have now reports this week of vendors not shipping Bed, Bath & Beyond products ahead of holiday season. This is the same stuff that I saw happen at Sears, I saw happen at K-Mart, and it's now happening at this company as well.

JULIE HYMAN: Indeed, Sozz has watched many retailers die over his career.

BRIAN SOZZI: I'm sweating.

JULIE HYMAN: All right, we're gonna--