America’s leading specialty baby products retailer will shutter its 120 stores, a consequence of parent company Bed Bath & Beyond’s bankruptcy filing on Sunday. buybuy BABY and its website will remain open for now, along with 360 Bed Bath & Beyond stores, as the company secured a $240 million loan to help fund its operations during bankruptcy. Store closing sales will start Wednesday, as the company is using Chapter 11 proceedings to put itself up for sale.
The baby and toddler stores were founded in 1996 by Richard and Jeffrey Feinstein, the sons of Bed Bath & Beyond’s co-founder. It was among the stores the firm acquired in the 2000s: Harmon Stores, Christmas Tree Shops, buybuy BABY and Cost Plus World Market. Bed Bath & Beyond placed some hope in buybuy BABY while it struggled to survive.
Nederland Laatste Nieuws, Nederland Headlines
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Bed Bath & Beyond stiffed thousands of workers on severance pay | CNN BusinessIn early February, Diane Zaccagna learned that the Bed Bath & Beyond store in New Jersey where she had been working for 18 and a half years was closing and she would be laid off.
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