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Bed Bath & Beyond filed for Chapter 11 bankruptcy April 23 and announced that it will begin to “implement an orderly wind down” of operations in all 360 stores after a year of declining sales ...
Bed Bath & Beyond has agreed to sell its intellectual property assets to Overstock.com for $21.5 million, according to a document filed Thursday in Bed Bath’s Chapter 11 bankruptcy case.
The end of meme madness. Bed Bath & Beyond stock closed at $0.29 ahead of the company's bankruptcy filing, down roughly $80 a share from the company's all-time high in December 2013.
Bed Bath & Beyond store in Roseville, Michigan, during liquidation. Following the bankruptcy filing, Bed Bath & Beyond stopped accepting their popular coupons on April 26, and liquidation sales commenced at all remaining stores the next day.
In Bed Bath’s fiscal 2021 holiday quarter, same-store sales for Bed Bath & Beyond stores declined 15% — but Buy Buy Baby’s same-store sales grew by low single digits.
Overstock announced it'd be renamed as its newly acquired Bed Bath & Beyond in June after purchasing the now defunct retailer's intellectual property assets for $21.5 million.
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