Xinhua News Agency/Getty Images
- On Thursday, Bed Bath & Beyond announced it was considering filing for bankruptcy.
- A Chapter 7 bankruptcy filing would mean the company’s famous “Big Blue” coupons would be useless.
- The retailer could choose to honor the iconic coupons for a 30-day period, experts say.
Bed Bath & Beyond coupons could soon be useless if the company files for bankruptcy, so shoppers should cash in the well-known big blue coupons as soon as possible.
On Thursday, the New Jersey-based home goods retailer announced it was considering filing for bankruptcy amid recent struggles, according to a report from Insider. If the company chooses to file Chapter 7 bankruptcy, you won’t have much time to use your 20% off coupons before liquidation sales start.
If Bed Bath & Beyond moves forward, iconic big blue coupon program would come to an end, but there’s still a chance to shop for deals. The company may honor its famous oversized coupons for 30 days, a retail expert told CNN.
“If Bed Bath & Beyond files for bankruptcy, the retailer might honor the 20% coupons for a 30-day period. After that, and especially if it starts closing stores and sets liquidation sales, creditors wouldn’t want to allow shoppers to tack on those 20% off coupons on top of 70% off liquidation prices,” Burt Flickinger of retail consultancy Strategic Resource Group told CNN.
The “Big Blue” coupons became recognizable for their uniquely huge sizes, but the retailer scaled back its savings program after business slowed in 2020, The New York Times reported.
If you’re planning one last use out of your coupons, supplies may not last at your local Bed Bath & Beyond.
According to a report from Insider’s Ben Tobin, the company was out of nearly half of its inventory in December 2022 – almost 20% less than its availability rate in January the same year.