BBBY Stock Recent News

Bed Bath and Beyond Inc., which filed for chapter 11 bankruptcy last month, has filed complaints against two ocean carriers, claiming that they abandoned their service commitments to the troubled home goods retailer.

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Bed Bath & Beyond Inc. BBBY, the ailing home-goods retailer that is planning to close its stores after filing for chapter 11 bankruptcy protection, on Friday said it requested to withdraw an S-1 share registration statement. The company, in a letter to the SEC, said “it has determined not to proceed with an offering at this time.

Merchants are working to gain business that used to go to Bed Bath & Beyond. The retailer that declared bankruptcy this week had 35 million customers and a 33% share of registry listings in 2022, and those customers are now looking to shop elsewhere, ModernRetail reported Friday (April 28).

Shares of Bed Bath & Beyond Inc. BBBY rose 5.3% in premarket trades Friday. The stock has fallen 48.4% since the troubled home goods retailer announced its bankruptcy filing Sunday and hit a record low of 11 cents on Thursday.

Bed Bath & Beyond, which filed for bankruptcy, is expected to soon close hundreds of store locations.