Bed Bath & Beyond Shares Plunge 25% After Bankruptcy Filing 📉

Bed Bath & Beyond Shares Sink 25% , After Going Bankrupt.<br />NBC News reports that the retailer filed for Chapter 11 bankruptcy protection on April 23.<br />The announcement comes after the company had spent the last year cutting jobs, closing stores and seeking financing to stay afloat. .<br />Reuters reports that shares in Bed Bath & Beyond plunged 25% a day later on April 24.<br />It was the second-most active stock <br />on social media platform Stocktwits. .<br />Holly Etlin, a bankruptcy expert, has been named the company's new CFO to oversee liquidation and potential sales.<br />Final store sales will begin on April 26.<br />Coupons will no longer <br />be accepted on that date.<br />Gift cards will be accepted through May 8.<br />"Welcome Rewards" and merchandise credits can be redeemed until May 15.<br />While your membership is <br />not eligible for a refund, <br />you can continue to enjoy your membership benefits <br />before our store closing sales begin on April 26, 2023, Bed Bath & Beyond, via statement