- On Thursday, Bed Bath & Beyond announced it was considering filing for bankruptcy.
- Chapter 7’s bankruptcy filing means the company’s famous “Big Blue” coupons will no longer be useful.
- Retailers can choose to activate the iconic coupons for 30 days, experts say.
Bed Bath & Beyond coupons can go out of business quickly if the company goes out of business, so shoppers should cash out their big, well-known blue coupons ASAP.
On Thursday, the New Jersey-based home goods retailer said it was considering filing for bankruptcy amid recent struggles, according to insider reports. You don’t have much time to use your 20% off coupon before the liquidation sale starts.
If Bed Bath & Beyond moves forward, the iconic big blue coupon program will end, but you’ll still have the chance to pick up great deals. The company may activate the famous oversized coupon for him for 30 days, a retail expert told his CNN.
“If Bed Bath & Beyond filed for bankruptcy, retailers could receive 20% coupons for 30 days. You wouldn’t want to allow them to tackle you with a 20% off coupon on top of 70% off the liquidation price,” Burt Flickinger of retail consultancy Strategic Resource Group told CNN.
‘Big Blue’ coupons have become recognizable for their uniquely huge size, but retailers have scaled back savings programs after business slowed in 2020, The New York Times reported. .
If you plan to use the coupon one last time, your local Bed Bath & Beyond may run out of stock.
Insider’s Ben Tobin reports that the company has run out of nearly half of its inventory in December 2022. This is approximately 20% less than the inventory rate in January of the same year.
