From a failed merchandising strategy to activist investor pressure over exaggerated payments to executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the last few years.

The company is preparing to seek bankruptcy protection as soon as this week and has lined up liquidators to close additional stores unless a last-minute buyer emerges, Reuters reported on Monday.

Here's a look at some of the major developments at the retailer over the past year:

Date Development

March 7, GameStop chairman Ryan Cohen discloses a near

2022 10% stake in the company and says he wants the

retailer to explore strategic alternatives that

include a full sale.

March 25, Bed Bath & Beyond and Cohen reach a settlement

2022 where three new directors will join the

company's board and it will look for

alternatives for its buybuy Baby unit.

April 13, The company reports a surprise quarterly loss on

2022 a 22% slump in sales, which it blames on

supply-chain issues and falling store traffic.

June 29, The company replaces Chief Executive Officer

2022 Mark Tritton as part of a management shake-up to

reverse a slump in its business.

Aug. 16, Shares of the company jump nearly 30%; analysts

2022 point to a short squeeze on the meme stock.

Aug. 18, The company's stock plunges after a regulatory

2022 filing shows that Cohen exited his position in

the company.

Aug. 31, Bed Bath & Beyond secures more than $500 million

2022 in financing, pauses plans to sell buybuy Baby,

announces plans to close 150 stores, cut jobs

and overhaul its merchandising strategy.

Sept. 04, Chief Financial Officer Gustavo Arnal falls to

2022 his death from New York's Tribeca skyscraper, in

what was later ruled a suicide.

Sept. 29, The company says it is seeing early signs that

2022 efforts to clear excess inventory are working

and it expects its cash flow to break even in

the fourth quarter.

Oct. 26, Interim CEO Sue Gove will keep the role

2022 permanently, the company announces.

Jan. 05, Bed Bath & Beyond is preparing to seek

2023 bankruptcy protection in coming weeks, sources

tell Reuters, after the company raises doubts

about its ability to continue as a going

concern.

Jan. 10, The company reports a much wider-than-expected

2023 quarterly loss and sales that plunged by a

third, failing to halt the months-long cash burn

that led to warnings of a possible bankruptcy.

Jan. 10, Bed Bath & Beyond says it would lay off more

2023 employees in an attempt to reduce costs.

Jan. 11, Shares of the retailer surge 69% and then

2023 another 20% after the bell, as individual

investors piled in, extending stock's rebound

from multi-decade lows hit earlier and reviving

a rally in other meme stocks.

Jan. 18, CNBC reports that the company has been in talks

2023 with prospective buyers and lenders.

Bed Bath & Beyond

Jan. 26, says

2023 it received a notice of default on

its loan from JPMorgan Chase Bank N.A.,

triggering a 22% slump in its shares.

Bloomberg News

Jan. 27, reports

2023 the company's efforts to find a

buyer ahead of a likely bankruptcy filing have

stalled.

Reuters

Jan. 30, reports

2023 the company is seeking bankruptcy

protection as soon as this week, and negotiating

a loan with investment firm Sixth Street.

(Reporting by Uday Sampath and Granth Vanaik in Bengaluru; Editing by Shailesh Kuber and Shinjini Ganguli)