A customer looks into a closed Bed Bath and Beyond store on Feb/ 8, 2023 in Larkspur, California. The retail chain’s closure appears to come from its goal to sell its business, in light of online retailers and similar stores rising in popularity - including Amazon and Target. Why is Bed, Bath and Beyond going out of business?īed, Bath and Beyond filed for Chapter 11 bankruptcy on April 23, according to CNN Business. The store’s Welcome Rewards program - where customers can earn points and merchandise credit towards purchases - will continue until May 15, though customers will not be awarded Welcome Rewards on any future purchases since the bankruptcy announcement, according to Today. On May 8, Bed, Bath and Beyond gift cards will no longer be accepted as well. The brand’s coupons will no longer be accepted starting on April 26. Bed, Bath and Beyond coupons, gift cards and Welcome Rewards points All of these purchases will be final, though items bought before April 26 are expected to be accepted until May 24.
The brand shared on its website that, beginning April 26, there will be “deep discounts” on in-store, online and app purchases for Bed, Bath and Beyond and Buybuy Baby. Will Bed, Bath and Beyond have a liquidation sale and discounts?īed, Bath and Beyond will have liquidation sales starting this week. The move was made amidst plans at the time to close 200 stores over two years, remodel 450 locations, create private labels and push greater focus on its e-commerce platforms, according to reporting by KCRA. across 19 states, including New York, California, Florida and Minnesota. As of January 2022, Bed, Bath and Beyond had closed at least 37 locations in the U.S. When will Bed, Bath and Beyond stores close?īed, Bath and Beyond’s 360 stores are already in the process of closing nationwide. Previously, the retailer’s biggest investor was GameStop Corp chairman Ryan Cohen, who left the brand earlier this month and shares dropped after he sold his 9.8% stake.īelow, here is everything you need to know about Bed, Bath and Beyond’s bankruptcy and liquidation - from store closures to coupon expirations. Plans were also made to issue new Bed, Bath and Beyond shares to shareholders, which fell by as much as 26.5%. Corporate Bankruptcies Surged in the First Half of ’23, With Consumer Companies Leading the Way
0 kommentar(er)
