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Bed Bath & Beyond files for bankruptcy, will close Hamilton Place store unless buyer is found

Staff Photo by Dave Flessner / The Bed Bath & Beyond store in the Shoppes at Hamilton Place, shown Sunday, remains open after the retailer filed for bankruptcy Sunday. The East Brainerd store is one of 360 remaining Bed Bath & Beyond outlets after the retailer previously closed most of the 1,552 stores it once operated, including the shutdown earlier this year of its Hixson store in the Northtowne shopping center.
Staff Photo by Dave Flessner / The Bed Bath & Beyond store in the Shoppes at Hamilton Place, shown Sunday, remains open after the retailer filed for bankruptcy Sunday. The East Brainerd store is one of 360 remaining Bed Bath & Beyond outlets after the retailer previously closed most of the 1,552 stores it once operated, including the shutdown earlier this year of its Hixson store in the Northtowne shopping center.

By Staff and Wire reports 7 min read


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 beleaguered home goods chain made the filing Sunday in U.S. District Court in New Jersey and said it will start an orderly wind down of its operations while seeking a buyer for all or some of its businesses. In the bankruptcy filing, the retailer said it anticipates closing all of its stores by June 30.

For now, the company’s 360 Bed Bath & Beyond stores and its 120 Buy Buy Baby sites as well as its websites will remain open to serve customers, including the Bed, Bath & Beyond store in the Shoppes at Hamilton Place in Chattanooga.

The other local Bed Bath & Beyond store in the North Towne shopping center in Hixson shut down in March. The shuttered Hixson store had operated for 23 years next door to the Hixson Best Buy outlet, which also closed last month.