Homeware giant Bed Bath & Beyond has filed for bankruptcy

Bed Bath & Beyond has lost shoppers and money after a series of ineffective or mistimed turnaround attempts. It has also exhausted numerous financial lifelines. Shown here is a Bed Bath & Beyond store in Westbury, New York. (Bruce Bennett/Getty Images)

The once-dominant home goods retailer Bed Bath & Beyond has filed for bankruptcy protection after months of losing shoppers and money.

The company, which also owns the BuyBuy Baby chain, has struggled to regain its financial footing after a series of turnaround attempts that proved to be mistimed or ineffective.