Homeware giant Bed Bath & Beyond has filed for bankruptcy

https://www.npr.org/2023/04/23/ [login to see] /bed-bath-beyond-bankruptcy
The once-dominant home goods retailer Bed Bath & Beyond has filed for bankruptcy protection after months of losing shoppers and money.

The company, which also owns the BuyBuy Baby chain, has struggled to regain its financial footing after a series of turnaround attempts that proved to be mistimed or ineffective.

"Millions of customers have trusted us through the most important milestones in their lives – from going to college to getting married, settling into a new home to having a baby," said Sue Gove, the company's president and CEO. "Our teams have worked with incredible purpose to support and strengthen our beloved banners, Bed Bath & Beyond and buybuy BABY. We deeply appreciate our associates, customers, partners, and the communities we serve, and we remain steadfastly determined to serve them throughout this process."

The company said that for now its 360 Bed Bath & Beyond and 120 BuyBuy Baby stores and websites would remain open, but that over time they would be closed.