Struggling Bed Bath & Beyond files for bankruptcy protection

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 US 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.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News