Bed Bath & Beyond Files For Bankruptcy Protection

Bed Bath & Beyond is filing for bankruptcy protection as it tries to stay afloat. The home goods retailer filed for Chapter Eleven protection Sunday in District of New Jersey court. The company listed its estimated assets and liabilities in the range of one-billion and ten-billion dollars. The company said its 360 Bed Bath & Beyond and 120 buybuy BABY stores and websites will stay open to serve customers while it begins the process of closings its retail locations. The Joliet location closed last year.