The deep discounts characteristic of liquidation sales won’t start until Wednesday - once Bed Bath & Beyond stops accepting coupons. Some store visitors on Monday were disappointed that they didn’t see eye-popping sales. The retailer’s supply chain was strained, operational costs rose, and vendors held back on shipping inventory when they grew nervous about being paid on time. Despite a boost early in the pandemic, when quarantined Americans bought items to spruce up their homes, sales soon started to fall precipitously.
The outpouring of support came too late for Bed Bath & Beyond. Some shoppers handed unused coupons to other customers in stores and texted friends and family, encouraging them to use theirs before it was too late. Reddit threads about Bed Bath & Beyond, which became a “meme stock” favorite during the pandemic, lit up with chatter about its downfall. People shared odes to the retailer, posted TikTok videos of themselves walking into stores and alerted their friends and families to the chain’s closing through their Facebook statuses. The company’s name became a trending topic on Twitter. She said she would miss roaming the stores, which kept her active and social.Īfter hearing about the bankruptcy, loyal Bed Bath & Beyond customers took to social media. “It’s like you’re losing a buddy, because it’s something that’s dependable,” Ms. Ward said she had brought about seven coupons to use toward items including two Simplehuman soap dispensers, kitchen timers and about 14 packets of Clorox wipes, estimating that she saved $30.
“I had to run down here today!” she said. Then she learned she had only a few days to use coupons. Around the country, they rounded up the ubiquitous blue slips of paper offering 20 percent off, stuffed them in pouches and plastic bags, and made their way to the nearest Bed Bath & Beyond.Īt a store in Manhattan’s Chelsea neighborhood on Monday, Sylvia Ward, a self-described Bed Bath & Beyond aficionado from the Bronx, said news of the closings had “absolutely devastated” her. Shoppers have until Wednesday to use their coupons. Its 360 Bed Bath & Beyond stores would soon be closing, as would its 120 Buy Buy Baby locations. telling them that the company had decided to file for Chapter 11 bankruptcy. For many shoppers, Bed Bath & Beyond’s bankruptcy filing on Sunday was a call to action.Ĭustomers - both loyal and lapsed - received an email from the home-goods retailer around 8 a.m.
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