Putting in extra effort at work may require more hours, but it's healthy to understand how your employer typically compensates their staff for additional work. For example, you might ask about overtime work and compensation for extra hours. It's important to understand the company's expectations before you aim to exceed your requirements. Completing a task before it's due or saving the company money are two ways you can go above and beyond normal responsibilities at your work. Two types of targets that you may surpass are time and budget. What does it mean to go above and beyond?Ī supervisor is responsible for directing the activities of others and what they mean by going above and beyond is they appreciate when a team member takes the initiative and exceeds a target. In this article, we explore what it means to go above and beyond, provide 13 ways you can do this effectively with helpful examples, and discuss how to use the STAR method to talk about how you went above and beyond in previous roles. ![]() Learning strategies for going above and beyond your job expectations can help you improve your performance, impress your managers and advance your career. It's important to identify your strengths and develop effective time management skills to thrive. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.There are several ways to exceed expectations at work and benefit your team or organization. On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. Even if it had worked out, it would have only bought Bed Bath & Beyond time and would have been unlikely to change its final outcome. The retailer tried for a last-ditch deal, but it didn’t pan out. While Bed Bath & Beyond was a favorite for momentum traders, short-sellers were the ones who were paid out this year after the firm went bankrupt. Specifically, Overstock is bidding for Bed Bath & Beyond’s IP, “including the rights to collect royalties and other proceeds and payments in connection the business.” It also includes the retailer’s internet and mobile properties, data, marketing materials and other assets of the business. Reports suggest that Overstock is offering $21.5 million in cash for the deal. The company has emerged as the stalking horse bidder in Bed Bath & Beyond’s bankruptcy proceedings. Now Overstock (NASDAQ: OSTK) has entered the discussion. Store closures, falling traffic, poor inventory management and other factors ultimately led to BBBY turning into BBBYQ stock. Put simply, Bed Bath & Beyond’s business fell apart and the trends led to its demise. Diving deeper into those numbers, store sales fell $1.55 billion, while e-commerce sales fell by more than $977 million. Overall, revenue fell to $5.34 billion in sales this year, down about $2.5 billion, or 32%, versus 2021. ![]() Store closures during the year helped fuel a depletion in revenue. At this point, we are unable to estimate the amount or range of amounts expected to be incurred in connection with future restructuring and transformation initiatives, including further store closures, and will provide such estimates as they become available.”Īn impairment charge is “a process used by businesses to write off worthless goodwill.”ĭespite all of this, BBBYQ stock is up about 5% on the day. “We also recorded impairment charges of approximately $1.29 billion, primarily related to store assets. The company said its restructuring and transformation initiatives led to a total expense of $407.7 million. While Bed Bath & Beyond actually released its unaudited fourth-quarter results in March, this is the firm’s full-year final results.Īmong the results, a huge dip in sales stands as out, as does the aforementioned impairment charge. ![]() The retailer recently released its full-year results for the fiscal year ending Feb. The most recent headline to hit? A $1.29 billion impairment charge. Bed Bath & Beyond (OTCMKTS: BBBYQ) may trade over the counter now, but that doesn’t mean BBBYQ stock isn’t making news.
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