Bed Bath & Beyond files for bankruptcy as customers rush to use coupons, gift cards

Customers are rushing into Bed Bath & Beyond stores after company announces another round of layoffs.

News 12 Staff

Apr 24, 2023, 10:14 AM

Updated 446 days ago


Union-based Bed Bath & Beyond - one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets - filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround plans.
The store also announced significant layoffs affecting thousands of employees. Bed Bath & Beyond has closed hundreds of stores since late 2022. The recent layoffs also include those who also work at Harmon Face Value stores.
Some customers rushed into stores to use coupons and gift cards while they still can.
“Bed Bath & Beyond has been around a long time so I’m definitely surprised,” said Linden resident Florence Johnson.
According to an email sent to customers, Bed Bath & Beyond will:
- Process returns until May 24 for items purchased prior to April 23.
- Accept gift cards, gift and loyalty certificates through May 8.
- No longer accept coupons or welcome rewards/discounts starting April 26.
- Fulfill all in stock orders placed online.
The company’s 360 Bed Bath & Beyond stores along with 120 Buy Buy Baby stores will remain open for the time being. But the company’s Harmon stores are already shut down.
AP Wire Services contributed to this report.

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