This weekend Bed Bath & Beyond filed for bankruptcy protection, a long-awaited event that retail landlords have been preparing for for months.
The retailer's 360 Bed Bath & Beyond and 120 Buy Buy Baby stores and websites will remain open and continue serving customers as it "begins its efforts to effectuate the closure of its retail locations," it said in a filing.
It plans to begin liquidating the stores immediately, though the company also said it's also searching for a buyer for some or all of its assets. Bed Bath & Beyond expects all sales to be completed and the properties vacated by June 30.
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