After much speculation over the last few years, Bed Bath & Beyond just announced they are filing for bankruptcy.
The major retailer was once the go-to store for many household essentials, but the times have changed. Every bargain hunter was highly aware of the retailer’s ubiquitous 20% off coupons, often even keeping a secret stockpile for a discounted shopping spree.
However, it seems the coupons were not good enough to keep business going, as more people turned to online shopping for all of those kitchen, bathroom and bedroom items.
According to CNN, “The company said customers will have Sunday, Monday and Tuesday (April 23 to 25, 2023) to use their remaining 20%-off coupons. The company will stop accepting them Wednesday (April 26, 2023). Instead, Bed Bath & Beyond expects to offer ‘deep discounts’ on its products as part of its going-out-of-business sales.”
Here’s what you need to know now:
Returns and exchanges will continue per the store’s existing policy through May 24 — for items purchased prior to April 23.
Gift cards, gift certificates and loyalty certificates will be accepted through May 8.
Coupons and Welcome+ Rewards will no longer be accepted starting April 26.
All in-stock orders placed online both prior to and after the bankruptcy filing are expected to be fulfilled.
Once we confirm more details, we will update the post.