Bed Bath & Beyond — one of the original big box retailers — has filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround plans.

The beleaguered home goods chain made the filing Sunday in U.S. District Court in New Jersey and said that its store and websites will remain open — for now. It listed estimated assets and liabilities in the range of $1 billion and $10 billion. The move comes after the company failed to secure funds to stay afloat.

In a statement, the company based in Union, New Jersey, said it voluntarily made the filing “to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.”

The firm said its 360 Bed Bath & Beyond and 120 Buy Buy Baby stores and websites will remain open and continue serving customers as it “begins its efforts to effectuate the closure of its retail locations.”

The company said it also intends to uphold commitments to customers, employees and partners. The retailer said it secured a commitment of roughly $240 million in financing from Sixth Street Specialty Lending, Inc. to allow it to keep operating during the bankruptcy process.

The filing comes as the company’s shares have tumbled even more as speculation of an impending bankruptcy filing increased. Its financial performance has also deteriorated. In late March, it noted that preliminary results showed anywhere from a 40% to 50% decline in sales at stores opened at least a year for the quarter ended Feb. 25.

The company also said in a Securities and Exchange Commission filing in late March that it planned to sell $300 million worth of shares to avoid bankruptcy filing.

The home goods retailer had been issuing several warnings about a potential bankruptcy filing since earlier this year. In late January, it noted in a government filing it was in default of its loans and didn’t have the funds to repay what it owes. The company had said the default is forcing the company to look at various alternatives including restructuring its debt in bankruptcy court.

Bed Bath & Beyond warned on Jan. 5 that it was considering various options including filing for bankruptcy and said that there was “substantial doubt” that it could stay in business.

Bed Bath & Beyond’s recently appointed president and CEO Sue Gove blamed the poor holiday performance on inventory constraints and reduced credit limits that resulted in shortages of merchandise on store shelves.

Typically, struggling retailers file for bankruptcy protection after the holiday shopping season because they have a cash cushion coming from the two-month sales period. So far this year, party supplies chain Party City and David’s Bridal have been among the retailers that have filed for Chapter 11.

Still, turning around Bed Bath & Beyond has been difficult amid increasing competition from discounters. The filing also comes as the economy is weakening, and shoppers are tightening their purse strings.

The home goods retailer had been trying to turn around its business and slash costs after previous management’s new strategies worsened a sales slump. The company announced in August it would close about 150 of its namesake stores and slash its workforce by 20%. It also lined up more than $500 million of new financing.

Founded in 1971, Bed Bath & Beyond had for years enjoyed its status as a big box retailer that offered a vast selection of sheets, towels and gadgets unmatched by department store rivals. It was among the first to introduce shoppers to many of today’s household items like the air fryer or single-serve coffee maker, and its 15% to 20% coupons were ubiquitous.

But for the last decade or so, Bed Bath & Beyond struggled with weak sales, largely because of its messy assortments and lagging online strategy that made it hard to compete with the likes of Target and Walmart, both of which have spruced up their home departments with higher quality sheets and beddings.

Shares were hovering close to 30 cents in the past few days. A year ago, shares were trading at around $17.

Back in February, the retailer released a list of stores around the country that it planned to close, including in Alabama. Some closures have already occurred, per CNN and Best Buy & Beyond documents:

• 6850 US Highway 90 Anchor D in Daphne, Alabama
• 4122 McCain Blvd. in North Little Rock, Arkansas
• 1834 South Signal Butte Road in Mesa, Arizona
• 1905 Calle Barcelona Suite 100 in Carlsbad, California
• 10822 Jefferson Blvd. in Culver City, California
• 2385 Iron Point Road. in Folsom, California
• 1405 East Gladstone Street in Glendora, California
• 14351 Hindry Avenue in Hawthorne, California
• 72459 Highway 111 in Palm Desert, California
• 10537 4S Commons Drive, Suite 170 in San Diego, California
• 165 S. Las Posas Road in San Marcos, California
• 1865 North Campus Avenue, Building #15 in Upland, California
• 3125 South Mooney Blvd. in Visalia, California
• 1605 Fall River Drive in Loveland, Colorado
• 16531 Washington Street in Thornton, Colorado
• 20 Hazard Avenue in Enfield, Connecticut
• 2260 Kings Highway in Fairfield, Connecticut
• 835 Queen Street in Southington, Connecticut
• 1065 Silas Deane Highway in Weathersfield, Connecticut
• 2239 East Semoran Blvd in Apopka, Florida
• 20560 State Road 7 in Boca Raton, Florida
• 371 North Congress Ave. in Boynton Beach, Florida
• 320 Brandon Town Center Dr. in Brandon, Florida
• 4631 North University Dr. in Coral Springs, Florida
• 14824 South Military Trail in Delray Beach, Florida
• 1460 West 49th St. in Hialeah, Florida
• 6001 24 Argyle Forest Blvd in Jacksonville, Florida
• 3221 City Station Drive, Suite 125 in Jacksonville, Florida
• 397 North Alafaya Trail in Orlando, Florida
• 540 North State Road 7 in Royal Palm Beach, Florida
• 1 Buckhead Loop in Atlanta, Georgia
• 3615 South Federal Way in Boise, Idaho
• 9650 South Ridgeland Avenue in Chicago Ridge, Illinois
• 5786 Northwest Highway in Crystal Lake, Illinois
• 215 Harlem Avenue in Forest Park, Illinois
• 1584 South Randall Rd. in Geneva, Illinois
• 3232 Lake Ave., Suite 125 in Wilmette, Illinois
• 2515 Corridor Way Suite 5 in Coralville, Iowa
• 15335 West 119th Street in Olathe, Kansas
• 4350 Summit Plaza Drive in Louisville, Kentucky
• 200 Harker Place Suite 200 in Annapolis, Maryland
• 12641 Ocean Gateway Suite 240 in Ocean City, Maryland
• 200 Clifton Blvd in Westminster, Maryland
• 3 Abbott Park in Burlington, Massachusetts
• 820 Providence Highway in Dedham, Massachusetts
• 458 State Road, Rt 6, Suite 100 in North Dartmouth, Massachusetts
• 665 Merrill Road in Pittsfield, Massachusetts
• 600 South Street West, Suite 13 in Raynham, Massachusetts
• 7961 Southtown Center in Bloomington, Minnesota
• 10770 Sunset Hills Plaza in St. Louis, Missouri
• 155 Promenade Blvd. in Bridgewater, New Jersey
• 276 Route 202/31 in Flemington, New Jersey
• 1160 Route 23 North in Kinnelon, New Jersey
• 1121 Highway 34, Suite A in Matawan, New Jersey
• 190 Hamilton Commons in Mays Landing, New Jersey
• 8 Centerton Road in Mt. Laurel, New Jersey
• 5131 Sunrise Highway in Bohemia, New York
• 850 Third Avenue in Brooklyn, New York
• 459 Gateway Drive in Brooklyn, New York
• 72 15 25th Avenue in East Elmhurst, New York
• 251 East Main Street in Elmsford, New York
• 1490 Union Turnpike in New Hyde Park, New York
• 2020 South Road, Suite 3 in Poughkeepsie, New York
• 3064 Route 50 in Saratoga Springs, New York
• 1455 East Lasalle Drive in Bismarck, North Dakota
• 3750 Easton Market in Columbus, Ohio
• 1700 Oxford Drive in Bethel Park, Pennsylvania
• 3739 William Penn Highway in Monroeville, Pennsylvania
• 1261 Knapp Road in North Wales, Pennsylvania
• 160 Quinn Drive in Pittsburgh, Pennsylvania
• 205 West Blackstock Road in Spartanburg, South Carolina
• 5523 Highway 153, Suite 112 in Hixson, Tennessee
• 870 South White Station Road in Memphis, Tennessee
• 420 East FM 3040 Suite 300 in Lewisville, Texas
• 6400 West Plano Parkway, Suite 125 in Plano, Texas
• 2112 SW HK Dodgen Loop in Temple, Texas
• 1678 West Redstone Center Drive in Park City, Utah
• 1324 Greenbrier Parkway in Chesapeake, Virginia
• 24670 Dulles Landing Dr Unit 150 in Dulles, Virginia
• 12100 Fairfax Towne Center in Fairfax, Virginia
• 6642 Loisdale Rd. in Springfield, Virginia
• 4900 Monticello Ave, Suite 4 in Williamsburg, Virginia
• 2540 South Pleasant Valley Road in Winchester, Virginia
• 7809B Vancouver Plaza Dr #102 in Vancouver, Washington
• 1630 West Poplar Street in Walla Walla, Washington
• 395 Target Way in Morgantown, West Virginia
• 3575 Rib Mountain Drive in Wausau, Wisconsin