It’s a sign of the times as many tend to prefer online shopping for household goods. Yesterday, Bed Bath & Beyond filed for bankruptcy, according to CNBC. The company’s 360 stores, including our area’s last remaining locations in Tampa, St. Pete, Largo, Clearwater and Wesley Chapel will close. All 5 of those locations had strong Google reviews of 4 stars or more, but the company’s financial problems proved to be to much for the chain to survive.
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CNN reports that shoppers will have until Tuesday to use any leftover 20% off coupons. Liquidation of their inventory will bring some decent deals until the stores close at the end of June. Might be a good spot to get Mother’s Day shopping done! There were reports that the stores had been emptying out of inventory since the holidays, as the chain had liquidity issues. CNBC says some wholesalers insisted on prepayment given Bed Bath & Beyond’s financial troubles. [Source: CNBC, CNN]
