Bed Bath & Beyond Files For Bankruptcy

PITTSBURGH, PA — Bed Bath & Beyond plans what it calls "an orderly wind-down of its businesses" after filing for Chapter 11 bankruptcy on Sunday.

The company's 360 Bed Bath & Beyond and 120 buybuy BABY stores and websites will remain open for the moment, but store closing sales will begin on Wednesday. The company said it also will attempt to auction off the Bead Bath & Beyond and buybuy BABY brand names.

The company said it will seek to sell some or all of its businesses. If a buyer is found, Bed Bath & Beyond will cease store closures; if not the company is expected to be liquidated entirely and go out of business.

"Our teams have worked with incredible purpose to support and strengthen our beloved banners, Bed Bath & Beyond and buybuy BABY," Sue Gove, Bed Bath & Beyond CEO, said in a statement. "We deeply appreciate our associates, customers, partners, and the communities we serve, and we remain steadfastly determined to serve them throughout this process."

The company's last remaining Pittsburgh store is located at The Waterfront in Homestead.

In January, Bed Bath & Beyond announced the closure of stores in Bethel Park, North Fayette, Cranberry and Monroeville, a year after the company shut its store in the Waterworks Mall near Aspinwall.

The company's website lists 16 stores in Pennsylvania.