DEDHAM, Mass. — Don’t trash your Bed Bath & Beyond coupons just yet. One of the retailer’s main competitors says it will be accepting the 20% off coupons through the end of May.
The Container Store, which sells home storage and organization supplies, said Wednesday that it will accept “a competitor’s blue coupon” at any of its 97 US stores now through May 31. The coupon will be good for 20% off a single item, the company said.
“We’re here for you and your college needs. Welcome to the organization,” The Container Store posted on Twitter.
Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday after months of uncertainty over its survival. The retail store began facing intense competition from retailers such as Target, Wal-Mart and Amazon. But its demise accelerated about six months ago when Bed, Bath & Beyond became so burdened with debt it announced the closure of most of its stores -- including twelve in Massachusetts.
Bed Bath & Beyond estimated its assets and liabilities in between the range of $1 billion and $10 billion. The company filed for bankruptcy after it failed to secure enough funds to keep going which was partly why it started closing stores nationwide.
Customers have until Wednesday to use their remaining coupons — beginning Thursday, liquidation sales will begin at the remaining 360 Bed Bath & Beyond and 120 Buybuy Baby locations. The company plans to vacate its stores by the end of June.
Key dates for customers to know:
- Coupons are valid through Wednesday, April 26
- Gift cards and certificates are valid through May 8
- Welcome Rewards (shopper points) and in-store credit will be accepted through May 15
- Returns and exchanges must be made by May 24
In a statement, President & CEO of Bed Bath & Beyond Sue Gove said, “Millions of customers have trusted us through the most important milestones in their lives – from going to college to getting married, settling into a new home to having a baby. Our teams have worked with an 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.”
The Bed Bath & Beyond bankruptcy case can be found here.
Customers with additional questions should contact 833-570-5355 or email BBBYInfo@ra.kroll.com.
This is a developing story. Check back for updates as more information becomes available.
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