Bed Bath & Beyond’s Stores Close on Sunday, and What’s Left Is up to 90% Off
This weekend is truly the end for Bed Bath & Beyond’s stores. All of the bankrupt chain’s remaining stores will close on Sunday, July 30.
In the meantime, whatever’s left in those stores is being discounted up to 90% off.
It’s your last chance to shop in a Bed Bath & Beyond, for old time’s sake.
“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 chain said in a statement. “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 retail chain declared bankruptcy in April and began the process of shutting down 360 Bed Bath & Beyond stores and 120 buybuy BABY stores around the country.
Some stores have already pretty much emptied out. If you’re thinking about dropping by your local Bed Bath & Beyond for one more look at sheets and shower curtains, you might want to call ahead and see if they’re still open.
What’s Next for Bed Bath & Beyond?
The front page of the retail chain’s website currently states: “bedbathandbeyond.com will return soon! Bed Bath & Beyond and buybuy BABY stores remain open to serve you.”
Although the brick-and-mortar stores are closing for good, the name “Bed Bath & Beyond” will live on — as an online-only retailer. The online retailer Overstock.com bought the name and will start doing business under the Bed Bath & Beyond brand.
“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.”
Why Did Bed Bath & Beyond Go Bankrupt?
Bed Bath & Beyond was that store where you always spent more than you planned on scented candles, cool cookware, beauty supplies and bedding. It was all just so tempting! Before you knew it, you had a full shopping cart.
Unfortunately, the home goods retailer hit rough times in recent years. It went through several rounds of store closings. Business analysts say it faced growing competition from Amazon and Target.
The COVID-19 pandemic hurt the entire retail industry as more people began shopping online. Many of the stores stopped carrying as wide a variety of merchandise as they used to.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.