the nasdaq started its bed bath  beyond delisting process wednesday less than two weeks after the troubled home goods retailer and sometime meme stock filed for chapter 11 bankruptcy the nasdaq stock market started the delisting process for bed bath  beyond incs stock wednesday less than two weeks after the troubled home goods retailer and sometime meme stock filed for chapter 11 bankruptcy nasdaq incs ndaq listing center describes bed bath  beyonds status as suspended with regulatorynoncompliance cited as the reason bed bath and beyonds stock was trading under the ticker bbbyq bbbyq on the overthecounter market wednesday the stock was down 41 at 72 cents in morning trading the home goods retailers bankruptcy came after a troubled couple of years marked by strategic missteps cash burn challenging underlying business trends and the impact of the covid19 pandemic also read bed bath  beyond from homegoods behemoth to bankruptcy once a staple of the us retail landscape bed bath  beyond was founded by warren eisenberg and leonard feinstein and opened its first two stores in 1971 in springfield nj and cedarhurst ny the company grew exponentially over the following decades opening its 100th store in irvine calif in 1996 and its 200th in palm beach gardens fla less than three years later bed bath  beyond went public in june 1992 and the stock closed at a splitadjusted 106 on its first day with its star firmly in the ascendant the stock closed at a record 8048 on jan 3 2014 after adjusting for four 2for1 stock splits along the way the stock ended tuesdays session at 75 cents at the time of its ipo bed bath  beyond had a market cap of 288 million which rose to a high of 174 billion in june 2012 according to charlie bilello chief market strategist at wealth management company creative planning related bed bath and beyond takes aim at ocean carriers seeks millions in freight dispute under the ticker bbby the companys market cap was 441 million wednesday barbara kahn a marketing professor at the university of pennsylvanias wharton school said that among the factors that doomed bed bath  beyond was its inability to withstand the ecommerce onslaught from target corp tgt and walmart inc wmt their whole core concept of killing a category with a magical combination of more choice lower price was usurped by ecommerce she said in the knowledge at wharton business journal walmart and target were much faster to recognize the importance of ecommerce and both retailers invested in omnichannel strategies that built on their store advantages and capitalized on the convenience of ecommerce shopping this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal