A new class of meme stocks has sprung up during the stock market’s surprise recent rally, raising concerns about investors’ willingness to take on bigger risks amid a still uncertain economy.

Bed Bath & Beyond — one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets — filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround plans.

Bed Bath & Beyond says it’s in default on its loans and doesn’t have sufficient funds to repay what it owes.

Bed Bath & Beyond’s fiscal third-quarter sales fell 33% as the home goods company struggles to strike the right balance with its shoppers.

Beleaguered Bed Bath & Beyond is warning it may need to file for bankruptcy as struggles to attract shoppers.

The Lynchburg Bed Bath & Beyond, located in Wards Crossing, will be closing in the coming months, officials confirmed on Tuesday.

The company had announced in August that it would eventually close around 150 of its stores, slashing its workforce by 20% in an attempt to rebound from major stock dips.

Bed Bath & Beyond has named Chief Accounting Officer Laura Crossen as interim chief financial officer to replace Gustavo Arnal, whose death late last week adds to a cloud of financial uncertainty for the company and further complicates its plans for a turnaround.

Bed Bath & Beyond says that it will shutter stores and lay off workers in a bid to turn around its beleaguered business.

The newest meme stock on Wall Street, Bed Bath & Beyond, has tumbled even further in after-hours trading after a high-profile activist investor confirmed that he’s bailed out of the stock.

After a quiet first half of 2022, the meme stock is back.

Inventory difficulties hurt Bed Bath & Beyond during its fiscal fourth quarter and will continue into the current quarter, the home products retailer said Wednesday.

________________________RETAIL: Bed Bath & Beyond plans to close about 200 stores over the next two years as its sales slid in the first quarter. The Buckle is seeing improving sales as more of its stores reopen. The sporting goods retailer's same-store sales dropped 28.2% in the first half of the second quarter with stores shuttered, according to preliminary data. However, the metric climbed 15.5% in the second half of the quarter as stores began reopening. Greek authorities say they are ready to reimpose public and travel restrictions next week, warning that safety guidance for COVID-19 is being frequently ignored.

This artist rendering released by Live Nation shows the set up for Live Nation's Live from the Drive-In, concert series taking place July 10-12. The Fed is using its tools to help, but most of the cash is being raised in the private sector. — American Airlines will try to raise $3.5 billion to offset the cash it’s burning through with airports still largely empty. — TripAdvisor said Monday that it had $693 million of cash and cash equivalents at the end of last month, down $105 million from the end of March. — Morocco will reopen cafés, restaurants, sports clubs, and beaches starting Wednesday and allow the resumption of domestic air travel and travel between cities.

(AP Photo/Matt Dunham)The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to national and global response, the work place and the spread of the virus. ________________________SUPPLY DEMANDED: The virus has upended supply chains and shut stores that would typically furnish goods and services. EARNINGS SEASON: The worst was expected this season and must Wall Street analysts believe the majority of companies at least dodged that. The Buckle, which closed all of its stores on March 18, reported a loss of $11.8 million, and sales slumped 42.7%.

NYACK, N.Y. - Bed Bath & Beyond has removed pumpkins painted black with white mouths following complaints they were offensive because they resembled blackface. News 12-Westchester reports the black pumpkins were placed on a porch outside a law firm in Nyack, New York, as part of a Halloween display. Law firm partner Mary Marzolla says the pumpkins were never meant to offend anyone and the firm represents people "of all colors and faiths." Associate Alak Shah says the pumpkins did not personally offend him, but since it did offend someone the firm took them down. Bed Bath & Beyond apologized, saying any offense was unintentional and that it "immediately removed" the pumpkins from sale.

Getty Images(CNN) - Bed Bath & Beyond is in serious trouble. Bed Bath & Beyond's decision to seek out a new leader from a top competitor won Wall Street's support. Bed Bath & Beyond's stock was 22% higher its best day since March. Bed Bath & Beyond complied in May when former CEO Steven Temares left the company and overhauled its board of directors. "Creating change at of Bed Bath & Beyond will not be easy," he said.

Kevork Djansezian/Getty Images(CNN) - Bed Bath & Beyond will close more stores than it originally planned. Forty of the closing stores are Bed Bath & Beyond locations and the other 20 will be stores from its other brands. Bed Bath & Beyond's stock has also plummeted and same-store sales have also fallen two years in a row. The group wants Bed Bath & Beyond to trim its product selection and beef up the in-store experience to drive traffic back to stores. It also opened 21 "lab" stores that sell more home decor, food, and heath and beauty care than traditional stores.

Bed Bath & Beyond reported sales at stores open at least a year sank 6.6% during its most recent quarter. Bed Bath & Beyond lost money last quarter, too. Bed Bath & Beyond's stock has lost around 90% of its value over the past five years and is on the verge of slipping below $10 a share. Bed Bath & Beyond is also under pressure from discounters TJ Maxx and its HomeGoods arm. Bed Bath & Beyond is shuttering at least 40 Bed Bath stores this year and said Wednesday that it will likely close more.