Bed Bath & Beyond has been in distress for years, having failed to reinvent itself in the digital age despite efforts to declutter its stores and remake its coupon strategy.
After launching a furious round of store closings as its business spiraled over the last several months, the company has 360 Bed Bath & Beyond stores and 120 buybuy Baby locations left.That means selling off everything from inventory to store fixtures — and shutting down for good.
The company told customers in an email Sunday morning that it will honor coupons through April 26, accept gift cards through May 8 and process returns or exchanges until May 24 on products bought before April 23. "Our teams have worked with incredible purpose to support and strengthen our beloved banners, Bed Bath & Beyond and buybuy BABY. We deeply appreciate our associates, customers, partners, and the communities we serve, and we remain steadfastly determined to serve them throughout this process. We will continue working diligently to maximize value for the benefit of all stakeholders.
Gove took over from Tritton and quickly moved to shore up the chain's inventory and close money-losing stores.
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