Bed Bath & Beyond, the struggling home goods retailer, announced that it would close all of its Buy Buy Baby stores.

 

Bed Bath & Beyond, the struggling home goods retailer, announced that it would close all of its Buy Buy Baby stores.  The closures will affect 120 stores and 3,000 employees. The company is also planning to close 360 Bed Bath & Beyond stores. The closures are part of Bed Bath & Beyond's ongoing bankruptcy liquidation. Bed Bath & Beyond purchased Buy Buy Baby for $67M in 2007. Bed Bath & Beyond's annual revenue in 2022 was $6.21B, and the company's estimated revenue for 2023 is $5.25B. The company's stock price has fallen by more than 90% in the past five years and last closed at about $0.30 per share.