Bed Bath & Beyond Closes an Entire Chain as Bankruptcy Looms

This year has already been difficult for retailers.

We’re only one month into the new year and the likes of Party City (PRTY) – Get Free ReportJoann (JOAN) – Get Free Reportand Bed Bath & Beyond (BBBY) – Get Free Report are plagued with grim balance sheets. Party City filed under Chapter 11 of federal bankruptcy law.

It’s safe to say that brick-and-mortar retailers with little to no competitive moat may be in for a rocky year.

That’s been the case especially for Bed Bath & Beyond, which some analysts look to as a bellwether for other poorly performing retailers in similar spaces. In a troublesome sign of things to come, the household-goods and personal-care retailer said it would be shuttering more stores to reduce its costs.


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