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Bed, Bath & Beyond Throws In The Towel, Files For Bankruptcy

  • The once, immensely-popular home-furnishing store has tried since last year to stave off  declaring bankruptcy by closed hundreds of stores starting last year to  cut costs.
  • The company filed for Chapter 11 bankruptcy relief in the U.S. District Court in New Jersey with estimated assets and liabilities are between $1 billion to $10 billion.
  • “We have made the difficult decision to begin winding down our operations,” the company said on its website Sunday. “Bed Bath & Beyond and buybuy BABY stores and websites are open and serving customers.”
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