Source: Business Insider
Since its founding in 1971, Bed Bath & Beyond has been a go-to destination for home goods, appealing to shoppers with its convenient and affordable “superstore” model. In recent years, however, the retailer has shown significant signs of struggle , with several quarters of poor sales and dramatic executive shakeups . Here’s a closer look at the rise and fall of Bed Bath & Beyond. Visit Business Insider’s homepage for more stories. Once the golden child of big-box stores, Bed Bath & Beyond is now struggling to stay afloat. The retailer will shutter 44 stores across eight states in the next year as it attempts to course-correct in the wake of disappointing sales and executive turmoil . Bed Bath & Beyond was once a leading home goods retailer, appealing to shoppers across the nation with its strategy of abundance. The beloved store, which lined strip malls across the country, became known for its huge assortment of products spanning every color and style imaginable. Over the years, it became a go-to destination for just about anything and everything for the home and — true to its name — beyond.