Dominick Reuter/Insider
- Bed Bath & Beyond has filed for bankruptcy and is conducting an "orderly wind down" of its stores.
- The demise of the housewares giant opens up billions of dollars of new sales for other retailers.
- Amazon and Target are slated to gain the most, but smaller companies are angling to get a share too.
Bed Bath & Beyond's major competitors – including Amazon, Target, and Walmart – stand to gain hundreds of millions of dollars, if not billions, in additional sales as the bankrupt retailer winds down.
The housewares giant plans to close its doors for the last time on June 30, at which point its market share will largely have been picked up by larger retailers who have already been nibbling away at the beleaguered company's sales.