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Bed Bath & Beyond Owes Over $95M to These 14 Vendors in its Supply Chain
May 8, 2023
Source: Retail Dive
The bankrupt retailer has big trade debts to numerous suppliers as well as transportation providers.
When Bed Bath & Beyond filed for bankruptcy late last month, the retailer lacked the means to keep its shelves stocked while making its loan payments.
That liquidity crisis followed months of supply chain struggles ultimately tied to — and exacerbating — its spiraling sales and profits.
Now the company is in Chapter 11 and trying to conduct an orderly process of winding down its physical retail business, selling assets and repaying its creditors.
The group of companies Bed Bath & Beyond owes money to includes many in its supply chain, who might never be made whole for what the retailer owes them.
Some, such as Ryder, have already disclosed publicly that Bed Bath & Beyond’s bankruptcy have affected their own business.
The retailer’s largest unsecured creditors include merchandise suppliers as well as vendors for parcel delivery, trucking and other services from across the supply chain, according to court documents.
As Bed Bath & Beyond’s collapse ripples out, here is a look at the trade creditors it owes the most in its supply chain:
Bed Bath & Beyond’s largest creditors in its supply chain
Company | Role in supply chain | Amount owed |
---|---|---|
Ryder Integrated Logistics | Trucking services | $45.2 million |
Personalization Mall | Merchandise supplier | $11.1 million |
National Tree Company | Merchandise Supplier | $4.5 million |
North American Corporation | Distribution and packaging services | $4.4 million |
FedEx | Parcel delivery | $3.9 million |
Tempur-Pedic | Merchandise supplier | $3.7 million |
Artsana | Merchandise supplier | $3.3 million |
Lifetime Brands | Merchandise supplier | $3.3 million |
William Carter Co. | Merchandise supplier | $3.1 million |
Test-Rite Products | Merchandise supplier | $3.1 million |
Keurig Green Mountain | Merchandise supplier | $2.6 million |
SharkNinja | Merchandise supplier | $2.6 million |
Lenox Corp. | Merchandise supplier | $2.6 million |
Blue Yonder | Supply chain management | $2.5 million |
Source: Bed Bath & Beyond Chapter 11 filing