People walk past a Bed Bath & Beyond store in New York City.
People walk past a Bed Bath & Beyond store in New York City.
  • Short-sellers betting against Bed Bath & Beyond have raked in over $1 billion as the company finally filed for bankruptcy. 
  • The shares tanked 99% over the past year, as the home goods retailer suffered months of trouble. 
  • Bed Bath & Beyond said it will kick off sales at all locations on Wednesday. 

Short-sellers have raked in more than a billion dollars in paper profits from Bed Bath & Beyond's bankruptcy, while novice investors have suffered huge losses.