Bed Bath & Beyond Files for Bankruptcy

Bed Bath & Beyond Inc., a prominent American store known for its wide range of home textiles, housewares and decorative home accessories. Founded in 1971, Bed Bath & Beyond has since expanded its operations to include stores in the United States, Canada, Mexico, and Puerto Rico.

During its prime in the 2010s, Bed Bath & Beyond dominated the home furnishing retail market in the United States, boasting over 970 stores spread across all 50 states. This expansive network of stores allowed the company to reach a wide range of customers and establish itself as a household name in the industry.

Bed Bath & Beyond has filed for Chapter 11 bankruptcy protection in the US, due to its recent financial troubles. Despite its earlier plan to shut down 150 stores and lay off workers in an attempt to recover, the company has decided to close all 475 of its remaining stores, including Buy Buy Baby, by June’s end.

As per Chapter 11 bankruptcy protection, Bed Bath & Beyond can temporarily delay its debts to creditors and focus on debt reorganization or selling parts of its business. The company has stated that it is exploring options to sell some or all of its assets. Although the company’s websites state that stores are still operational, there is no clarity on when they will stop serving customers.

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