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Bed Bath & Beyond revealed on its website that closing sales will begin on April 26 with "deep discounts." Customers can still shop online, in stores or using the Bed Bath &...
Bed Bath & Beyond's bankruptcy filing comes after months spent searching for additional liquidity amid shrinking inventory levels and declining revenues.
Beyond, Inc. is an American online retailer headquartered in Midvale, Utah. Previously known as Overstock.com, Inc., the company acquired and adopted the name of bankrupt big-box retailer Bed Bath & Beyond in 2023. The company sells home decor, furniture, bedding, and many other goods that are closeout merchandise.
Bed Bath & Beyond Inc. was an American big-box retail chain specializing in housewares, furniture, and specialty items. Headquartered in Union, New Jersey, the chain operated stores in the United States, Canada, and Mexico. [4] [5] It was once counted among the Fortune 500 and the Forbes Global 2000.
But over the past few months, many Bed Bath & Beyond locations nationwide have closed down. And, as of April 23, 2023, the big box store filed for chapter 11 bankruptcy.
Bankruptcy and liquidation. Bed Bath & Beyond opened 2023 by warning investors that it might not survive the year. On January 5, shares of the company plunged almost 30% on the stock market, and the company announced it had "substantial doubt" in being able to continue to operate as a business.