Why did Bed Bath & Beyond file for bankruptcy?

The big box retailer has filed for bankruptcy protection following years of dismal sales and losses. (Scott Olson/Getty Images) Bed Bath & Beyond Inc. filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat, and has begun a liquidation sale.

Is Bed Bath & Beyond Canada going out of business?

Bed Bath & Beyond Canada has filed for creditor protection and will close 54 stores. (Paul Sakuma/The Associated Press) Bed Bath & Beyond's Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a U.S. bankruptcy.

Does Bed Bath & Beyond Canada have a creditor protection sign?

A Bed Bath & Beyond sign is shown in Mountain View, Calif., in 2012. Bed Bath & Beyond Canada has filed for creditor protection and will close 54 stores. (Paul Sakuma/The Associated Press)

Does Bed Bath & Beyond have a hole in Canada's retail landscape?

The closure of Bed Bath & Beyond stores left a huge hole in Canada's retail landscape, one that other retailers are trying to move into piecemeal. (Stephanie Keith/Bloomberg) Serial entrepreneur Doug Putman plans to launch his latest retail venture by taking over most of the remnants of Bed Bath & Beyond, in a new chain called rooms + spaces.