Bed Bath & Beyond Stores Empty Out Ahead of Looming Bankruptcy

Empty shelves. Dated merchandise. Sparsely populated stores.

That was the scene in Bed Bath & Beyond Inc. locations across the US as the once-mighty home goods chain blazes toward bankruptcy in what could be the largest US retail collapse since Toys “R” Us.

The Union, New Jersey-based retailer has warned it doesn’t have the funds to pay its lenders, and stalled efforts to find a bidder could put the retailer on a path toward liquidation, Bloomberg News reported on Friday.

Watch: Bed Bath & Beyond has started emptying out its stores.

Source: Bloomberg

It’s a far cry from Bed Bath & Beyond’s category-killer heyday, when the retailer’s ubiquitous 20%-off coupons and cavernous ...