Bed Bath & Beyond and buybuy BABY are going out of business, and it’s the end of an era
Take a deep breath. There’s some big news in the retail world. Two popular stores, buybuy BABY and Bed Bath & Beyond, are closing their doors for good. Filing for bankruptcy on April 23, Bed Bath & Beyond (the parent company of buybuy BABY) announced that its 360 locations and 120 buybuy BABY stores and their respective websites will remain open for now after securing a $240mil loan to fund its operations while they navigate bankruptcy. It’s possible they’ll find a buyer for some or all of their business. If so, the company said they’ll “pivot away” from store closings. They may also end up becoming online-only retailers. All that being said, the future of both buybuyBABY and Bed Bath & Beyond is still up in the air, so we’ll be keeping a close eye on what comes next.
Before you start mourning the loss of your favorite shopping destinations, there’s a silver lining: starting Wednesday, they’ll begin offering massive discounts to clear out their inventory. That’s right, you can snag some incredible deals on everything from baby gear to home decor. So, whether you’re a new parent looking to stock up on baby essentials or a home decor enthusiast on the hunt for a great bargain, now’s the time to hit up buybuy BABY and Bed Bath & Beyond before it’s too late. Here’s what you need to know.
What about all those coupons you've been saving?
Okay, bad news first. As of Wednesday, April 26, those famous 20% off coupons won't be accepted anymore. Creditors aren't going to love the idea of tacking on another 20% off liquidation prices (more on that in a minute). What about gift cards and store credit? The company says those will still be accepted for a limited time. They expect customers to be able to use gift cards through May 8 and to be able to redeem merchandise credits until May 15.
What kind of sales come along with this whole thing?
buybuy BABY and Bed Bath & Beyond will be offering "deep discounts," but what that ultimately means as far as percentages remains to be seen. Just remember that everything purchased after April 23 is final sale and can't be returned or exchanged. “We encourage you to come shop for your favorite products while merchandise selection is best,” the company's FAQ sheet says.
buybuy BABY and Bed Bath & Beyond registries will be moving to a new platform
“We expect to partner with an alternative platform where you will be able to transfer your data and complete your registry,” a statement from the chains included. “We will provide details in the coming days.” As of right now, your registry data with both Bed Bath & Beyond and buybuy BABY is safe, can be accessed, and will be moved to a new provider soon.
Update: Babylist is stepping in to help support expecting and new parents registered with buybuy BABY. Customers can find instructions on how to easily transfer their registry here. In order to support customers as they move their registry, Babylist has created a dedicated customer support email: buybuybaby@babylist.com to ensure that the transition is smooth.
As bummed as we are about the news, we’re staying on top of any updates. We also really encourage you to start your shopping ASAP to grab the best deals at the buybuy BABY and Bed Bath & Beyond going-out-of-business sales. According to The New York Times, stores are expected to be closed by June 30.
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