Legendary retailer announces devastating blow for customers as liquidation sales begin

BED Bath & Beyond buyers cannot use discount coupons or gift cards to purchase items as the liquidation sale has already begun.

The struggling retailer filed for bankruptcy in April – months after trying to stay afloat.

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Chiefs have previously said they expect the retailer’s 360 stores to close by June.

But shoppers who have coupons get 20 percent off items at a bed bath beyond Store face disappointment, per the Fort Collins Colorado.

This is because stores no longer accept coupons or gift cards.

Shoppers had to use gift cards by close of business on May 8th.

The sale has started and the prices of the products have been reduced as the stores rush to clear their remaining stocks.

Item prices have been reduced by 10 to 40 percent across departments.

However, shoppers can use a 20 percent coupon to save money Items in the container store until end of May.

Customers can use the coupons at any of the retailer’s 97 stores, according to the Boston-based Fox subsidiary WFXT.

A tweet posted on The Container Store’s account read: “We’re here for you and your college needs. Welcome to the organization.”

In 2022, Bed Bath & Beyond had around 950 stores but its portfolio was reduced to 360.

The company is also closing its 120 Buy Buy Baby stores as part of the closure.

Up to 30,000 jobs could be at risk as a result of the branch closures.

It appears that Bed Bath & Beyond will reportedly pay severance pay to 1,293 affected workers New Jersey, Per Insider.

Officials said they would “turn their backs” from store closures if a buyer was found.

Bed Bath & Beyond was about $5.2 billion in debt when it filed for bankruptcy.

This was announced by retail analyst Neil Saunders from Global Data CNBC: “Bed Bath and Beyond finally succumbed to the fact that its business went bust and it was declared bankrupt.

“Though it was a long time coming, they just couldn’t defy gravity forever.”

Bed Bath & Beyond isn’t the only retailer locking stores.

hundrets of Tuesday morning Shops should also close after the dealer filed for bankruptcy.

Chains that are not at risk of bankruptcy, such as Foot Locker, are also changing their business models.

The The popular sportswear brand will close 400 stores in North America by 2026.

David Berliner from the auditing firm BDO forbes He doesn’t expect a “bloodbath” in retail.

But he warned, “As we head into a recession, that’s when the snowball starts to go downhill and gather momentum.”