Bed Bath & Beyond has filed for bankruptcy protection and will begin closing its retail stores, nine of which are in the Bay Area.
Paul Sakuma/Associated Press 2012Bed Bath & Beyond announced Sunday that it hasfiled for bankruptcy protectionand will begin closing its retail stores, nine of which are in the Bay Area.
After years of struggling with sales and warnings of potential bankruptcy, the national home goods chain filed for Chapter 11 bankruptcy protection in U.S. district court in New Jersey and said it is seeking a buyer for all or some of its businesses. The retailer said in its filing that it expects to close all stores by June 30.
All Bed Bath & Beyond and Buy Buy Baby retail stores and websites will remain open as the company begins to close stores, and the chain will stop accepting its coupons Wednesday.
“Thank you to all of our loyal customers,” a message said on the Bed Bath & Beyondwebsite. “We have made the difficult decision to begin winding down our operations.”
The chain’s Bay Area stores are in San Francisco, Oakland, Daly City, Dublin, Pleasant Hill, Redwood City, Santa Clara, Santa Rosa and Vacaville. In February, the chainpublished a listof upcoming closings that included the San Francisco store at 555 Ninth St. and the Vacaville store at 128 Browns Valley Parkway. Three additional Bay Area locations closed earlier in the year, SFGATEreported.
The bankruptcy filing announcement comes months after the company announced last August that it would close about 150 stores and slash its workforce by 20%.
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Reach Jessica Flores: jessica.flores@sfchronicle.com; Twitter: @jesssmflores
