Bed Bath & Beyond — one of the original big box retailers — has filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround plans.
The beleaguered home goods chain made the filing Sunday in US District Court in New Jersey and said that its store and websites will remain open — for now. It listed estimated assets and liabilities in the range of $1bn and $10bn. The move comes after the company failed to secure funds to stay afloat.
