Bed Bath & Beyond Warns Investors It’s Headed Towards Bankruptcy

With its first location opening in 1971, Bed Bath & Beyond has become a staple storefront in and around many shopping malls across the United States. Unfortunately, those days may be coming to an end.

In a statement to its investors released by the company on January 5, Bed Bath & Beyond admitted they were losing money quarter-over-quarter and are losing footing in the home-goods industry. While the company is currently exploring a myriad of options to straighten the ship, they advised stockholders that bankruptcy is something that is on the table.

Twitter users couldn't help but chime in on the potential demise of yet another American retailer, with comments running the gamut from honesty to sarcasm.

News of the company potentially going out of business didn't seem to come as a shock to this Twitter user:

User RetPallyJil argues that Bed Bath & Beyond can only blame themselves for this situation as they haven't refreshed their product lines to stay up with latest trends – especially during tough economic times.

This Twitter user took the opportunity to get political and suggests that despite possible bankruptcy, Bed Bath and Beyond is better off than Congressman Kevin McCarthy:

On the opposite side of the spectrum, user mrsmaisy theorizes that the company was doomed once they stopped selling conservative-owned MyPillow products in 2021:

This tongue-in-cheek comment by JimmyVhyde pokes fun at the fact that sending out more of their ubiquitous 20% off coupons would help Bed Bath & Beyond on their balance sheet, at least in the short-term:

Although Bed Bath & Beyond has not officially started bankruptcy proceedings yet, if the company does go out of business, there will be plenty of sales to be had – and this Twitter user is here for it:

Some people just can't help but be excited over the prospect of the company going out of business and having a fire sale:

This Twitter user drops a helpful tip that many shoppers will hopefully utilize in the coming weeks and months:

This particular user confused Bed Bath and Beyond for an entirely different company until she realized the error of her ways:

This article was produced and syndicated by Wealth of Geeks.