Bed Bath & Beyond Warns Of Bankruptcy; Future Of 23 PA Stores In Doubt

PENNSYLVANIA — Bed Bath & Beyond is warning that a bankruptcy filing could be in its immediate future and that the home goods chain might not survive.

"The company continues to consider all strategic alternatives including restructuring or refinancing its debt, seeking additional debt or equity capital, reducing or delaying the company’s business activities and strategic initiatives, or selling assets, other strategic transactions and/or
other measures, including obtaining relief under the U.S. Bankruptcy Code," a regulatory document filed on Thursday stated.

"These measures may not be successful."

CNBC reported that Bed Bath & Beyond is having trouble obtaining sufficient merchandise to fill its shelves and is drawing fewer customers to its stores and website.

Bed Bath & Beyond originated in 1971 as a single store in New Jersey. It's known for its ubiquitous blue coupons offering large discounts on its products.

According to the company's website, the store currently has 23 Pennsylvania locations in:

• Altoona

• Bethel Park

• Bethlehem

• Cranberry

• Erie

• Exton

• Harrisburg

• Homestead

• Jenkintown

• King of Prussia

• Lancaster

• Mechanicsburg

• Monroeville

• Newtown

• North Wales

• Pittsburgh

• Stowe

• Stroudsburg

• Warrington

• Whitehall

• Wilkes-Barre

• Wynnewood

• Wyomissing