{"id":31798,"date":"2023-04-24T18:54:53","date_gmt":"2023-04-24T22:54:53","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=31798"},"modified":"2023-04-24T18:54:57","modified_gmt":"2023-04-24T22:54:57","slug":"bed-bath-closing-sales-to-start-wednesday","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2023\/04\/24\/bed-bath-closing-sales-to-start-wednesday\/","title":{"rendered":"Bed Bath & Beyond files for bankruptcy will close all 360 stores; closing sales to start Wednesday"},"content":{"rendered":"\n

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Bed Bath & Beyond filed a bankruptcy petition today and announced it will begin winding down its business at all 360 stores on Wednesday. The company\u2019s 120 Buy Buy Baby stores will also be shuttered.<\/p>\n\n\n\n

\u201cThank you to all of our loyal customers. We have made the difficult decision to begin winding down our operations,\u201d the company said on its website.<\/p>\n\n\n\n

Closing sales will begin Wednesday at all locations. Online shopping remains available.<\/p>\n\n\n\n

All purchases during the store\u2019s closing sales will be finally according to an FAQ document posted by the company.<\/p>\n\n\n\n

The company said it expects customers will be able to use gift cards through May 8 and redeem Welcome Rewards until May 15.<\/p>\n\n\n\n

Bed Bath & Beyond, founded in 1971, filed a Chapter 11 bankruptcy petition in New Jersey.<\/p>\n\n\n\n

The company said it intends to conduct a limited sale and marketing process for some or all of its assets and is asking the bankruptcy court for permission to market Bed Bath & Beyond and Buy Buy Baby as part of an auction allowed by the federal Bankruptcy Code.<\/p>\n\n\n\n

\u201cIn the event of a successful sale, the Company will pivot away from any store closings needed to implement a transaction,\u201d Bed Bath & Beyond said in a press release.<\/p>\n\n\n\n

Bed Bath & Beyond opened its Riverhead location in a store previously occupied by Linens \u2019n Things in the Riverhead Centre shopping plaza on Old Country Road. The parent company of Linens \u2019n Things filed for bankruptcy in 2008.<\/p>\n\n\n\n

The retailer last summer announced an aggressive restructuring plan<\/a> in the hope of turning around its flagging business performance. It closed some stores, laid off some workers and streamlined its inventory. The Riverhead store remained open.<\/p>\n\n\n\n

But the company\u2019s sales and revenues continued to drop, as it continued to post losses \u2014\u00a0nearly $393 million in 2022 as of November.<\/p>\n\n\n\n

Brick-and-mortar retailers have struggled mightily to compete with the online giant Amazon and other online-only retailers. The pandemic sent well-established companies into bankruptcy, including J.C. Penney, Neiman Marcus and J. Crew.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bed Bath & Beyond filed a bankruptcy petition today and announced it will begin winding down its business at all 360 stores on Wednesday. The company\u2019s 120 Buy Buy Baby… <\/p>\n","protected":false},"author":2,"featured_media":31799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"dois","default_image_id":71799,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[12,14],"tags":[4917],"class_list":["post-31798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local","category-news","tag-bed-bath-beyond-files-for-bankruptcy-will-close-all-360-stores-closing-sales-to-start-wednesday"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/31798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=31798"}],"version-history":[{"count":0,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/31798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/31799"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=31798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=31798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=31798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}