Bed Bath Beyond

About Bed Bath Beyond

Bed Bath and Beyond filed for Chapter 11 bankruptcy on April 23, 2023. The home goods retailer operated 1,500 stores at its peak. The company failed to adapt to e commerce and changing consumer habits. A failed private label strategy and stock buybacks at peak prices depleted cash. The meme stock frenzy in 2021 briefly boosted shares to 53 before collapsing. Investor Ryan Cohen sold his stake, triggering a 40 percent single day decline. CEO Mark Tritton was fired in 2022. Overstock.com acquired the Bed Bath and Beyond brand and IP for 21.5 million. The bankruptcy filing listed 4.4 billion in assets and 5.2 billion in liabilities. The chain had lost money for 12 consecutive quarters before filing.