This weekend marks the final chapter for Bed Bath & Beyond’s physical locations. Every remaining store from the bankrupt chain will shut down on Sunday, July 30.
Until then, whatever inventory remains on the shelves is being marked down by as much as 90%.
If you want to browse one last time for nostalgic reasons, now’s your final opportunity to shop inside a Bed Bath & Beyond.
“Bed Bath & Beyond and buybuy BABY closing sales will continue through all stores’ last day open to the public on Sunday, July 30,” the home goods retailer announced. “We encourage customers to shop with us while inventory remains and appreciate their longstanding support and trust in us through their most important life moments for more than 50 years.”
The struggling retailer filed for bankruptcy in April and began winding down operations at approximately 360 Bed Bath & Beyond locations and about 120 buybuy BABY shops nationwide.
Many outlets are already largely cleared out. If you plan to stop by your neighborhood Bed Bath & Beyond for one last look at towels or shower curtains, it’s a good idea to call ahead to confirm the store is still open.
What’s Next for the Bed Bath & Beyond Brand?
The front page of the chain’s website currently reads: “bedbathandbeyond.com will return soon! Bed Bath & Beyond and buybuy BABY stores remain open to serve you.”
Although the physical stores are closing permanently, the Bed Bath & Beyond name will persist — as an internet-only retailer. Online merchant Overstock.com acquired the brand and plans to operate under the Bed Bath & Beyond banner.
“This acquisition is a significant and transformative step for us,” Overstock CEO Jonathan Johnson said. “Bed Bath & Beyond is an iconic consumer brand, well-known in the home retail marketplace.”
What Led to Bed Bath & Beyond’s Bankruptcy?
Bed Bath & Beyond was the kind of store where you’d inevitably end up spending more than intended on scented candles, specialty cookware, beauty items and bedding. The displays were hard to resist, and before long your cart was full.
But the home goods chain ran into troubles over recent years. It closed numerous stores in several rounds of downsizing. Observers point to intensifying competition from Amazon and Target as major pressures.
The COVID-19 pandemic accelerated shifts toward online shopping and strained retailers across the board. Many locations reduced the breadth of items they once stocked.
Jared Millson ( [email protected] ) is a senior writer at Savinly.
