Bed, Bath & Beyond is the latest store chain to go bye bye

[Aragorn]

https://www.nbcnews.com/business/co...y-final-sales-dates-coupons-refunds-rcna81115

Bed Bath & Beyond filed for Chapter 11 bankruptcy and all stores will eventually close.

No more reward points will be given. Starting Wednesday, store sales will begin, all purchases will be final and no more coupons will be accepted. Gift cards can be used through May 8. Welcome Rewards can be used through May 15.

Here's their bankruptcy FAQ: https://www.bedbathandbeyond.com/store/knowledgecenter/article/chapter-11-faq

 

[TEACAKE'S PLEATHER DOME]

WHAT WILL ABBI DO ?

 

[Ar-Pharazon]

Another over-priced retailer that failed to adapt to changing times.

 

[Non Sync]

 

[Oddish]

Guess I better stock up on towels.

 

[Owain Taggart]

They already closed them in Canada. Funny thing is, we had one open up where I live, right as the pandemic hit, which can't have been great timing. About roughly 2 years later and the chain was being closed throughout Canada.

 

[shapeshifter]

Won't miss them.

I've shopped them a couple times but the sky high prices kept me from ever taking anything to the checkout. I could get comparable items elsewhere for less so why would I waste money.

 

[Oddish]

They were a boutique store. And with inflation rampant, people can't afford luxuries like that anymore.

 

[auntiehill]

They used to have pretty good stuff at a reasonable price but then the prices got higher and higher. They used to have a great selection of affordable bedding

It's a shame, though. They were a great place for all your home needs; we registered there for our wedding and got lots of really nice gifts from there. But this year, we went in to the nearest shop--which is still a bit of a drive--and left with nothing but some hangers. Everything else just seemed too overpriced.

And I just got a Bed, Bath & Beyond coupon in the mail today.

 

[Ar-Pharazon]

Maybe it's about having too narrow a concept. There was also Linens & Things, they went OOB in 2008 as far as brick & mortar stores go. They seem to be running an online store (if it's even the same company).

 

[CorporalCaptain]

Guess I better stock up on towels.

Weirdly, I had the same thought. But then I decided, no, I don't need them that badly, to go into a zoo just for that.

 

[Ar-Pharazon]

Weirdly, I had the same thought. But then I decided, no, I don't need them that badly, to go into a zoo just for that.

Unless you know what day 70% off starts and get there when they open, there's probably not much left anyway.

 

[CorporalCaptain]

Unless you know what day 70% off starts and get there when they open, there's probably not much left anyway.

That, too. Going into the fray, to peruse empty shelves. Ugh.

 

[Ar-Pharazon]

That, too. Going into the fray, to peruse empty shelves. Ugh.

Back in the 90's, one of the shorter lived home improvement stores (Høm?)I didn't even know existed was going OOB. I happened to be going by and managed to get a nice 50' HD extension cord and a few other items for 80% off. But, yeah, mostly empty shelves.

I had better luck when I was working at a Home Depot and knew when items were being clearanced to $1 or something similar.

 

[Aragorn]

Maybe it's about having too narrow a concept. There was also Linens & Things, they went OOB in 2008 as far as brick & mortar stores go. They seem to be running an online store (if it's even the same company).

Does this mean The Container Store is next?

 

[Non Sync]

Does this mean The Container Store is next?

Some of Bed, Bath, & Beyond's downfall started back in 2004 when they did a $11.8 billion dollar stock buyback. Back in February of 2022, they spent $230 million on their own shares during a three-month period.

 

[Ar-Pharazon]

Does this mean The Container Store is next?

I'm a little concerned about Spatula City myself.

 

[Owain Taggart]

That, too. Going into the fray, to peruse empty shelves. Ugh.

That pretty much describes Target's launch in Canada which became one of the worst launches in retail history. Launched in 2013, by 2015 they were shut down. Lack of good market research, many bare shelves, lack of good stock, higher prices, inventory issues stemming from a different piece of software they were using compared to their American Counterpart. It all added up to them being out of their depths.

 

[Starbreaker]

I got a $20 gift card for our wedding and couldn't find anything in there I wanted under $20 so we just gave it away. The same items on Amazon or Walmart were sometimes half the price.

 

[Aragorn]

I'm a little concerned about Spatula City myself.

I walked pass a store at the mall that sells nothing but socks. Socks! Considering how expensive it is to rent out space at a mall, do socks fly off the shelf that fast?