Bed Bath & Beyond Files for Bankruptcy, Plans to Close All Stores

Bed Bath & Beyond filed for Chapter 11 bankruptcy on Sunday and will begin closing all of its stores.
The company struggled with weak sales, supply chain issues, and lagging e-commerce growth.
Bed Bath & Beyond secured $240 million in financing to continue operating during the bankruptcy process.
Customers have until Tuesday to use coupons and Wednesday to make final purchases before sales become final.
The company expects all locations to close by June 30 as it seeks a buyer for some or all of its businesses.