Bed Bath & Beyond customers have only a few more days to use their coupons as the company begins to wind down operations. It plans to close all stores by June 30.
Storch Advisors CEO Gerald Storch, Strategic Resource Group managing director Burt Flickinger, Greenwood Capital CIO Walter Todd and Bullseye American Ingenuity Fund's Adam Johnson debate the retail market outlook.The beleaguered company, which filed for bankruptcy protection on Sunday after several failed attempts to turn around its business, announced that it will stop accepting coupons as soon as this week as it begins the wind-down process.
"We anticipate that we will stop accepting coupons on April 26, 2023, when we will start our store closing sales, where customers will be able to shop for your favorite products at deep discounts," the New-Jersey based retailer said in a notice about its policies during the Chapter 11 bankruptcy process. However, guests will still have until late May to return or exchange items that were purchased prior to April 26.
A customer looks into a closed Bed Bath and Beyond store on February 08, 2023 in Larkspur, California.In its filing with the U.S. District Court in New Jersey, the company said it will start an orderly, while seeking a buyer for all or some of its businesses. It also anticipates closing all of its stores by June 30.
For now, the company’s 360 Bed Bath & Beyond stores and 120 Buy Buy Baby sites as well as its websites will remain open to serve customers.
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