A Bankruptcy in Bed Bath & Beyond Would End Big Blue Coupons
- On Thursday, Bed Bath & Beyond announced it was considering filing for bankruptcy.
- The company’s “Big Blue” coupons will be lost if it files Chapter 7.
- Experts say that the retailer could honor the iconic coupons for a period of 30 days.
Bed Bath & Beyond coupons could soon be useless if the company files for bankruptcy, so shoppers should cash in the well-known big blue coupons as soon as possible.
The retailer of home goods based in New Jersey will be open for business on Thursday announced it was considering filing for bankruptcyAccording to an Insider report, the company has been struggling in recent times. If the company files Chapter 7 bankruptcy, there won’t be much time to redeem your 20% discount coupons before liquidation sales begin.
If Bed Bath & Beyond moves forward, iconic big blue coupon program would come to an end, but there’s still a chance to shop for deals. The company may honor its famous oversized coupons for 30 days,CNN interviewed a retail expert.
“If Bed Bath & Beyond files for bankruptcy, the retailer might honor the 20% coupons for a 30-day period. According to Burt Flickinger, a retail consultant Strategic Resource Group, the retailer might not allow customers to add 20% off coupons to liquidation prices after that.
The “Big Blue” coupons became recognizableThe retailer was known for their huge sizes, but it reduced its savings program after business slowdown in 2020, The New York Times reported.
If you’re planning one last use out of your coupons, supplies may not last at your local Bed Bath & Beyond.
According to a report from Insider’s Ben Tobin, the company was out of nearly half of its inventory in December 2022 – almost 20% less than its availability rate in January the same year.
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