NEW YORK—Bed & Bath & Beyond will live on, online at least, after Overstock.com acquired the bankrupt retail chain’s intellectual property assets for $21.5 million. The online retailer Overstock.com is dumping its name online and will become Bed & Bath & Beyond, which declared bankruptcy earlier this year. Overstock.com’s CEO Jonathan Johnson told The Associated…
Bed Bath & Beyond Lives On!(line). Overstock.com Buys Rights to Bankrupt Retailer and Changes Name
US Corporate Bankruptcies at Highest Level in 13 Years
May 10, 2023
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U.S. corporate bankruptcies have reached their highest level since 2010. Many American companies have been stumbling in the wake of the pandemic due to increasing interest rates, supply-chain issues, and rising costs. Several of the firms have filed for bankruptcy after access to low interest loans and access to easy money began to wane. “For…
Canadian Tire to Acquire 10 Bed Bath & Beyond Leases for $1.6 Million
Canadian Tire Corp. Ltd. says it’s acquiring 10 former Bed Bath & Beyond leases to expand its Mark’s and Pro Hockey Life banners. The Toronto-based retailer says it’s taking on the leases for a final purchase price of $1.6 million. Six of the leases will be for relocations of clothing in Alberta, British Columbia and…
Bed Bath & Beyond Leaving Canada, 1,400 Jobs Lost
Bed Bath & Beyond will be closing all of its stores in Canada as the retail chain has succumbed to years of operating at a net loss. The company is winding down its operations in all 54 Bed Bath & Beyond stores across the country, as well as 11 buybuy Baby stores. With these closures,…
Bed Bath & Beyond on Brink of Chapter 11
Bed Bath & Beyond (BBBY) continues its slow decline into bankruptcy with the announcement of another round of 87 store closures as the struggling retailer attempts to stay afloat. The Feb. 1 announcement of 87 planned store closures follows a list of 150 Bed Bath and Beyond closures that was announced last August. The new…
Troubled Bed Bath & Beyond Shuttering 87 More Stores as Possible Bankruptcy Looms
January 31, 2023
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Troubled home goods retailer Bed Bath & Beyond is shutting an additional 87 stores as its financial woes continue, a spokesperson has confirmed. A company spokesperson told Nexstar: “This store fleet reduction expands the Company’s ongoing closure program of approximately 150 lower-producing Bed Bath & Beyond banner stores. We will update all stakeholders on our plans as they…
Bed Bath & Beyond Defaults on Debt Payment Amid Bankruptcy Fears
Struggling retailer Bed Bath & Beyond warned that it has insufficient funds to pay off its debt and has defaulted on its credit line with lender JPMorgan, sparking fears of a possible near-future bankruptcy. In a filing (pdf) with the U.S. Securities and Exchange Commission (SEC) on Jan. 26, the retailer, headed by Sue Gove, said that it…
More Bed Bath & Beyond Stores Closing
Yet more Bed Bath & Beyond stores are closing across the United States as the company attempts to fend off bankruptcy amid mounting debts and declining sales. The retailer said earlier this month that there was “substantial doubt” that it will be able to continue and was looking into “all strategic alternatives” to avoid going into…
Bed Bath & Beyond to Close 6 Stores in Southern California
After Bed Bath & Beyond announced Jan. 10 it is closing six locations in Southern California, including in Valencia, Palmdale, Burbank, La Habra, Lakewood, and Buena Park. The popular department store is planning on closing 150 out of 708 stores across the United States and has thus far announced 126 of the locations set to…
Bed Bath & Beyond Reports Deeper Losses Than Prior Warnings
Bed Bath & Beyond (BBBY) reported deeper losses than expected after the company announced last week that it might have to seek bankruptcy. The home goods retailer witnessed a net loss of $393 million for the third quarter, more than the $366 million net loss in the second quarter. Analysts last week had originally expected a $386…
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