Bed, Bath & Beyond is on its last legs.
Bed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after a series of last-ditch efforts to raise enough equity to keep the business alive failed at the eleventh hour.
The struggling home goods retailer has been warning of a potential bankruptcy since early January, when it issued a “going concern” notice that it may not have the cash to cover expenses after a dismal holiday season.
“Bed Bath & Beyond Inc. today announced that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets,” a statement Sunday read.
A lot of conservatives boycotted Bed, Bath & Beyond after they discontinued MyPillow — and bought their bedding from MyPillow.com instead using promo code TLD (plus, The Liberty Daily benefits when you use that code).
And it wasn’t just Bed, Bath & Beyond that canceled MyPillow – here’s a list:
Trending: This Is How You Do It: Christian Pitcher Blake Treinen Speaks Out Against LA Dodgers Empowering Blasphemy