JUST IN: Bed Bath & Beyond has filed for Chapter 11 bankruptcy, the retailer says.
A person exits a Bed Bath & Beyond store in Manhattan, New York City, June 29, 2022.The company's 360 stores -- along with its 120 buybuy BABY stores -- are expected to remain open as the retailer begins its bankruptcy restructuring, according toA shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022.& CEO, said the company would work "diligently to maximize value for the benefit of all stakeholders.
"We deeply appreciate our associates, customers, partners, and the communities we serve, and we remain steadfastly determined to serve them throughout this process," Gove said.
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Bed Bath & Beyond's rocky ride to bankruptcy filingBed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat.
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