• 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. 
• Email acain@insider.com and sjackson@insider.com if you’re an employee with a story to share.

Once the golden child of big-box stores, Bed Bath & Beyond is now struggling to stay afloat. 

The company announced on Wednesday it is closing 150 stores and slashing 20% of its corporate positions in an effort to cut costs, the latest in a series of setbacks for the home goods store. 

In June, Bed Bath & Beyond reported a $358 million net loss in its first quarter, and subsequently announced it was replacing CEO Mark Tritton and a number of other executives in yet another attempt to reorganize its leadership. 

The situation worsened when activist investor and GameStop Chairman Ryan Cohen sold his 9.8% stake in the company earlier this month. Now, analysts are saying the company may be in its “end days.”

Then, in September of 2022, the company’s CFO Gustavo Arnal was discovered dead after a fall from a New York City building. The CFO had been the subject of a lawsuit around insider tradining. 

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.