Page 6 - Mark Tritton News Today

Bed Bath & Beyond has filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround plans.

The retailer once triumphed over rivals as a "category killer" with its blue coupons. Now, it's become rudderless, turbulent and broke. Here's what happened.

If you have a stack of Bed Bath & Beyond coupons at home, you only have a few days left to use them.

New York (CNN) Bed Bath & Beyond, the 1990s and 2000s store for all your home goods, filed for bankruptcy on Sunday. "Thank you to all of our loyal

Bed Bath & Beyond — one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets — filed for

Bed Bath & Beyond — one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets — filed for bankruptcy protection following years of dismal sales and losses and numerous failed turnaround plans.

The 52-year-old retailer announced the 'difficult decision to begin winding down our operations.'

One commentator described the business as an "institution" but added: "Unfortunately, being an institution doesnt protect you from financial woes".

In its bankruptcy filing, Bed Bath & Beyond said it had $5.2 billion in debt and assets of just $4.4 billion.

The retailer once triumphed over rivals as a "category killer" with its blue coupons. Now, it's become rudderless, turbulent and broke. Here's what happened.