Overstock.com has breathed new life into the iconic home goods retailer, Bed Bath & Beyond, by relaunching the website under its new ownership. Customers can take advantage of a number of perks, such as up to $50 of loyalty reward points reinstated from former Bed Bath & Beyond customer accounts, 20% off, transfer of membership, and all current rewards for members of Club O. Furthermore, anyone who downloads the new Bed Bath & Beyond mobile app will receive 25% off their initial purchase. The relaunch of Bed Bath & Beyond marks a new chapter for the retailer, which is sure to be a success with the combination of Bed Bath's brand name and Overstock's business model.
Posts tagged as “Bed Bath & Beyond”
Overstock.com has won an auction for the bankrupt Bed Bath & Beyond's intellectual property and digital assets for $21.5 million, allowing them to continue selling the retailer's goods online. JOWA Brands was selected as a backup bidder for Bed Bath's Wamsutta brand. The sale of Bed Bath & Beyond's assets marks the end of an era for the home goods retailer, with the future of its brick-and-mortar stores uncertain.
Bed Bath & Beyond Files for Bankruptcy Protection, Citing Struggles to Compete with Online Retailers
Bed Bath & Beyond Files for Bankruptcy Protection, Citing Struggles to Compete with Online Retailers
Bed Bath & Beyond has filed for bankruptcy protection in the U.S. District Court in New Jersey, with assets and liabilities estimated to be between $1 billion and $10 billion. The company plans to remain open and continue serving customers while conducting a limited marketing process to solicit interest in one or more sales of its assets. This filing follows years of declining sales and losses, as the company has been unable to compete with online and discount retailers.