The rise and fall of Bed Bath & Beyond: Once one of America’s most beloved big-box retailers, it’s now on the brink
- Since its founding in 1971, Bed Bath & Beyond has been a go-to destination for home goods.
- In recent years, however, the retailer has shown significant signs of struggle, including slumping sales and executive turmoil.
- We took a look at the rise and fall of the iconic big-box retailer.
Once the golden child of big-box stores, Bed Bath & Beyond is now struggling to stay afloat.
The company reported a $358 million net loss in its most recent quarter, the latest in a series of setbacks for the home goods store. In June, Bed Bath & Beyond announced it was replacing CEO Mark Tritton and a number of other executives in yet another attempt to reorganize its leadership.
Now, analysts are saying the company is in its “end days,” with some speculating it will become the next meme stock, following in the footsteps of Gamestop before it.
Bed Bath & Beyond was once a leading home goods retailer, appealing to shoppers across the nation with its strategy of abundance. The beloved store, which lined strip malls nationwide, became known for its huge assortment of products spanning every color and style.
Over the years, it became a go-to for just about anything for the home and — true to its name — beyond.
We took a closer a look at Bed Bath & Beyond’s rise from a small linen store in New Jersey to a major national retail chain now on the brink of collapse.