Chloe DeFrancesco

Bed Bath & Beyond is going out of business after they filed for Chapter 11 bankruptcy protection; it was their last effort to save the company and keep the business alive. The company has been struggling with money issues, as their 1.7 billion dollars in debt quickly turned into $5.2 billion in debt over the past few years. The company has been trying to make up that money by buying stock buybacks – they repurchased their own shares instead of investing in other ways.

I used to go to the Oceanside Bed Bath & Beyond when I was a kid. I think I’ll miss it because of the sense of nostalgia that it gives me. However, now being a teenager, if the store didn’t have plans to close down, I probably wouldn’t go in there anyway – there’s nothing really for me there. It’s just a store that sells furniture, mirrors, comforters and sheets. Bed Bath & Beyond has, however, been an Oceanside staple for many years, and people will be sad to see it go. It will be interesting to see what store replaces Bed Bath and Beyond at its Long Beach Rd. location.