Bed Bath & Beyond files for bankruptcy protection, 'winding down' operations

The move comes after the company failed to secure funds to stay afloat.

UNION, N.J. — Bed Bath & Beyond has filed for bankruptcy protection, but its stores and websites will remain open and continue serving customers, the company said.

The beleaguered home goods chain made the filing Sunday in U.S. District Court in New Jersey, listing its estimated assets and liabilities in the range of $1 billion and $10 billion. The move comes after the company failed to secure funds to stay afloat.

In a statement, the company based in Union, New Jersey, said it voluntarily made the filing “to implement an orderly

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