Bed Bath & Beyond is closing its doors, and that means clearance events are on the horizon.
After filing for bankruptcy over the weekend, the once-popular retailer said it will be shutting 360 Bed Bath & Beyond locations and 120 buybuy BABY stores across the United States.
If you’ve been holding onto those widely distributed 20% off coupons, act fast — they’ll be valid only through Tuesday. (Chances are you’ve gotten these discounts in the mail, whether you wanted them or not.) Starting Wednesday, the company will stop accepting those coupons.
That might not be a dealbreaker for bargain hunters: the retailer says it will offer “deep discounts” during its going-out-of-business events, which begin midweek.
“Store closing sales will start on Wednesday,” Bed Bath & Beyond said in a customer FAQ. “We encourage you to come shop for your favorite products while merchandise selection is best.”
Reading between the lines, the latter part of this week appears to be the best window to shop these clearance markdowns before inventory is depleted. Keep in mind that all purchases during these sales will be final — no returns accepted.
Common Questions Shoppers Are Asking About Bed Bath & Beyond
We’ve gathered the important answers for customers.
Will Gift Cards Still Be Accepted?
The retailer will stop taking gift cards on May 8.
What Happens to Welcome Rewards Points?
The store’s loyalty program is winding down as well. “We expect customers can redeem Welcome Rewards until May 15, 2023,” the company stated. “We are no longer awarding Welcome Rewards on purchases.”
What About Wedding and Baby Registries?
It appears registries will be moved to another service. “We expect to partner with an alternative platform where you will be able to transfer your data and complete your registry,” the company said. “We will provide details in the coming days.”
What Led to Bed Bath & Beyond’s Bankruptcy?
Bed Bath & Beyond is the kind of store where you often end up buying more than you intended — scented candles, attractive cookware, beauty items and bedding can easily fill a cart.
Still, the home goods chain has struggled in recent years, closing numerous stores in prior rounds of downsizing. Analysts point to rising competition from online retailers like Amazon and big-box chains such as Target.
The COVID-19 pandemic accelerated shifts in shopping habits toward e-commerce, and many locations stopped stocking the broad selection they once did, which eroded foot traffic and sales.
Jordan Ellis is a senior writer at Savinly.
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