CHARLOTTE — After months of upheaval, Bed Bath & Beyond Inc. has filed for bankruptcy. The decision is a low point for a home-goods retailer that has been around for more than half a century — and one that will open some large spaces in several Charlotte-area retail centers.
The New Jersey-based chain filed for Chapter 11 bankruptcy on Sunday. In its voluntary petition, the company reported $4.4 billion in total assets and $5.2 billion in total debts as of the second half of 2022.
All 360 Bed Bath & Beyond stores and 120 locations of Buybuy Baby are expected to close, but a buyer could emerge during the bankruptcy process, according to the company.
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