The company will begin closing sales at all of its remaining stores on Wednesday.
Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday, effectively ending its reign as a home-goods titan after more than 50 years.
The company had tried multiple measures to remain afloat in recent months—including courting investors, looking for a buyer, and stock offerings—but had warned that bankruptcy and the closure of its stores could happen if it wasn’t able to raise enough money.
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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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Bed Bath & Beyond files for bankruptcy protection after long struggleBed 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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