The company has officially filed for bankruptcy.
, the company said it would close 87 stores; last year it closed 150. Despite a bump in sales at the start of the pandemic when people were decorating their homes, Bed Bath & Beyond was hit by supply-chain issues and higher operational costs.
“This company has been in late-stage decline for a while,” Ted Gavin, managing partner and founder of corporate restructuring firm Gavin/Solmonese,On TikTok, customers posted videos from stores showing nearly empty shelves, heavily discounted items, and, of course, long lines of bargain hunters with coupons in hand.Get the Cut newsletter delivered daily
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