Bed Bath & Beyond's Stock Plummets to Record Low Amidst Financial Struggles.

Bed Bath & Beyond's stock closed at an all-time low of 43 cents per share, down 82% year-to-date, as the struggling home goods retailer faces bankruptcy and taps the public markets in its latest effort to turn itself around. The company has been shutting down stores and facing liquidity issues, making it difficult to keep up with vendor relations and retain talent. Despite attempts to turn itself around, including bringing in former Target executive Mark Tritton, the company's quarterly sales have collapsed 27%. Activist investor Ryan Cohen's push for strategic changes was short-lived, and the company's deal with hedge fund Hudson Bay Capital fell through, leading to the current equity offering worth up to $300 million.