whats bad for bed bath  beyond could be good news for other retailers bed bath  beyond warned last week that it is running out of cash and is considering filing for bankruptcy protection  the homegoods retailer is preparing to file for chapter 11 within weeks according to the wall street journal  it appears bbbys hopes of a turnaround story are diminishing ubs analyst michael lasser said in a note friday doubts about the companys future and reports of a bankruptcy filing leaves an opportunity for other retailers to pick up further share he added walmart and target stand to gain the most market share from bed bath  beyond lasser said they both have significant overlap with their product offerings and geography 79 of bed bath  beyond stores have at least one walmart within a 10minute drive and 77 have at least one target according to ubs wmt 1y mountain walmarts oneyear performance walmart could see 3540 basis points 035040 percentage point of incremental comparable growth at its core us business this year if all bed bath  beyond and buy buy baby stores were to close and walmart was to potentially capture 25 of its addressable share lasser said buy buy baby is owned by bed bath  beyond if additional sales came in at a 25 contribution margin it would imply 2 to 3 earningspershare accretion for target the same outcome would contribute 125 basis points to 150 basis points of incremental comparable growth translating to 5 to 10 of eps accretion he said tgt 1y mountain targets oneyear performance the two dominant retailers arent the only potential beneficiaries dollar stores warehouse clubs and department stores are also among rival chains that could take share according to ubs with this 3q22 prerelease bbby noted its net sales declined 33 over last year suggesting that this movement of share is already occurring lasser said sleep number is among retailers who could see an uptick in demand from consumers shopping for mattresses and bedding some 59 of bed bath  beyond stores have a sleep number location within 10 minutes according to ubs privatelyheld mattress firm should also see a boost homegoods owned by tjx  competes with bed bath  beyond in home furnishings kitchen products and other accessories it has stores a short distance from about 60 of bed bath  beyond stores costco and walmarts sams club also stand to benefit costco recently reported a 7 yearoveryear increase in net sales for december and was named to evercore isis fab five list  some 40 of bed bath  beyond stores have a costco within a 10minute drive while 43 have a sams club cnbcs michael bloom contributed reporting