Bed Bath & Beyond files for bankruptcy:
— philip lewis (@Phil_Lewis_) April 23, 2023
The company will seek to sell all or some of its business, and that store closing sales would begin on Wednesdayhttps://t.co/XYs0Gf7Izg
Once Bed, Bath & Beyond stopped offering those 20% off coupons, their days were numbered because when a company sells ordinary items, such as, towels and sheets, a company has to figure out a way to bring people into the store to spend your money. Loyalty Programs do bring people into the store but as far as I know they never had program...no promotion, no nothing to encourage to come into their stores except for those 20% coupons.
They are saying that there will be avalanche of bankruptcy announcements coming.
Hi Ms B...Yep, I read the same thing. First Linens & Things (long time ago) and now BBB. I loved going in those stores and browsing but rarely purchased anything...too pricy. I heard Tupperware is next :(
ReplyDeleteI had not heard about Tupperware filing. I loved Linens & Things, too, but as you said...it was too pricey and I never bought anything in there. RIP Tupperware.
DeleteAlso, David's Bridal announced chapter 11 bankruptcy too.
ReplyDeleteI had not heard about David's Bridal. RIP David's Bridal.
Delete"David's Bridal had $4.4 million in cash and at least $257 million in debts, according to bankruptcy court documents filed Monday."
The BB&B over here in Burbank was one of the early ones closed down. The markdowns weren't even that great.
ReplyDeleteBack in February, BB&B had already announced closures of 3 stores in SD county but the Mission Valley store is still open bc I pass it all the time since it's around the corner from Target!😬 A lot people are going to be out of work, I hope that they are being very frugal.
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