negative operating losses. jonathan live in atlanta with more on that, jonathan bigwigs hi bed bath and beyond decided to take this action filing for chapter 11 bankruptcy protection after several years of sagging sales the big box retailer based in union, new jersey says is making the move to implement what we call it orderly wind down while soliciting interest in sales of some or all of its assets but in the meantime the company says it will continue to pay employee wages and benefits and 360 bed bath & beyond stores as well as buy buy baby stores and their commercial websites will remain open to serve customers. today bed bath and beyond ceo issued this statement we deeply appreciate our associates, customers, the committee s reserve remain steadfastly determined to serve them throughout this process. bed bath and beyond faced increased competition from other major retailers.