Dozens of retailers have filed for bankruptcy over the past 15 years, and some have liquidated all their stores.
Bed Bath & Beyond, Party City, Neiman Marcus, and Christmas Tree Shops are among the many retail companies that have filed for bankruptcy over the past 15 years.
Some retailers emerged from bankruptcy with smaller physical footprints, while others ended up liquidating.
The pandemic and an explosion in online sales forced many of these companies to restructure.
Bed Bath & BeyondBed Bath & Beyond said it would begin liquidation sales at its stores in April 2023 after filing for bankruptcy.
Bed Bath & Beyond filed for bankruptcy on April 23, 2023. The home goods retailer had been limping along for months, closing hundreds of its namesake stores, exiting the Canadian market, winding down its Harmon health and beauty chain, and failing to raise the money it needed to continue operating.
It said in April 2023 that it would hold liquidation sales at its remaining 360 Bed…
This article was written by Hayley Peterson,Leslie J. Allen and originally published on www.businessinsider.com