![]() ![]() In early January, one customer complained to the retailer that they had returned a bad umbrella to the store and ordered a new one, only to receive the same umbrella they had returned. ![]() It is burning cash fast, and its options for raising money to get more runway are limited.įor anyone who’s been watching closely, this latest development doesn’t exactly come as a surprise: Things have been looking ugly at Bed Bath for a while.Ī quick glance at Twitter demonstrates the company’s woes, with multiple gripes pointing to its e-commerce failings. It has $1.9 billion of long-term debt as of last quarter. The dismal earnings release wasn’t entirely unexpected - the week prior, on Thursday, January 5, Bed Bath & Beyond said in a regulatory filing that it’s under a cash crunch and there is “substantial doubt about the company’s ability to continue as a going concern,” meaning it might not be financially stable enough to cover its expenses and meet obligations. On Tuesday, January 10, Bed Bath & Beyond reported a net loss of $393 million for its most recent reporting quarter, ending November 26, 2022, and a 33 percent drop in sales. Now, the company is facing potential bankruptcy, and its stock price has plunged. In its space, it seemed to have everything figured out … until it didn’t. Consumers liked its plentiful, never-expiring coupons and loved its permissive return policy. Sales were strong, and its longstanding management team was solid. The home goods company, which was founded in 1971, had held its own as other retailers faltered. Less than a decade ago, it seemed like everything was coming up Bed Bath & Beyond. The original story, published on January 10, is below. Stores will also stop accepting the company’s notoriously generous coupons on Wednesday, April 26. It plans to begin closing stores - and rolling out closing sales - on Wednesday, April 26, at which point all sales will be final. So if you're hoping to get a head start on shopping the discounts before stock runs out, here are hot deals to shop now.Editor’s note, April 24: Bed Bath & Beyond filed for Chapter 11 bankruptcy on Sunday, April 23. The brand has a handful of deals left online. If you have a gift card or merchandise credits for Bed Bath & Beyond on the other hand, you should be able to redeem it through May 8. Kirkland's Home also confirmed to that coupons can be redeemed in-store on a single item through May 31. Per their Terms and Conditions, the discount will not apply to certain brands or already discounted items.īig Lots revealed that it will also be accepting the expired coupons through May 7, and shoppers will be able to get 20% off their entire purchase of $50 or more. The Container Store announced that it will be offering a 20% discount on any single item through May 31, "for customers who bring a competitor’s blue coupon to any store location." A representative for the brand also added on Twitter that both current and expired coupons will be welcome. However, they don't have to totally go to waste. ![]() When do Bed Bath & Beyond coupons expire?īed Bath & Beyond stopped accepting coupons on April 26, so you can no longer use them to save at the retailer. Though, if you bought an item before April 26, the company expects that you should be able to return or exchange it until May 24. One thing to note: All purchases made during the closing sales will be final. You will also still be able to shop online or via the Bed Bath & Beyond and Buybuy Baby app during this time. How to shop Bed Bath & Beyond's closing salesĪccording to the company, store closing sales began on Weds, April 26 and the retailer is encouraging customers "to come shop for your favorite products while merchandise selection is best." According to the Bed Bath & Beyond site, you'll be able to save up to 30% off the lowest ticketed prices of items in every department, from bedding to bath and cleaning. ![]() Below, we're sharing everything you need to know about the sales and the deals that you can start shopping today. The company said in a statement that its 360 Bed Bath & Beyond and 120 buybuy BABY stores will remain open, "as the Company begins its efforts to effectuate the closure of its retail locations."Īs a result, the retailer is hosting big closing sales. On Sunday, April 23, the home brand announced that it had filed for relief under Chapter 11 of the U.S. And while that rumor may have once been true, unfortunately, it seems like the time has nearly come to toss out those blue slips. It's why many of us kept a stockpile of years-old 20% off coupons in our junk drawers and car consoles, just in case we ever decided that we really needed that new air fryer or duvet cover. You may have once heard that Bed Bath & Beyond coupons never expire. ![]()
0 Comments
Leave a Reply. |