Bed Bath & Beyond Files For Bankruptcy, Will Close Stores

  • Bed Bath & Beyond is the latest major retail chain to file for Chapter 11 bankruptcy.
  • The home goods chain will begin closing its 360 Bed Bath & Beyond stores and 120 Buy Buy Baby stores, which remain open for now.
  • Stores will stop accepting coupons on Wednesday, and no longer accept gift cards after May 8th.
  • In a statement posted to its website, the company said "Thank you to all of our loyal customers. We have made the difficult decision to begin winding down our operations".
  • Bed Bath & Beyond has seen its sales decline sharply in recent year, losing over $225 million just last quarter.
Bed Bath & Beyond store

Fort Collins, CO, USA - September 16, 2014: Bed Bath & Beyond Inc. (also B3) is a chain of domestic merchandise retail stores in the US, Canada and Mexico. The stores sell goods primarily for the bedroom and bathroom, as well as kitchen and dining room.

Photo: Getty Images

View Full Site