Final hours until 482 Bed Bath and Beyond stores close for good with last-minute liquidation sales up to 90%
CUSTOMERS have been rushing to snag final sales up to 90 percent off, after Bed Bath & Beyond confirmed its stores will shutter in a few hours.
All remaining Bed Bath & Beyond stores are shuttering on July 30.
The home goods store confirmed the closing date to Axios.
The final date impacts all Bed Bath and Beyond brick-and-mortar stores - it also means the company's subsidiaries are set for closure.
Buybuy Baby locations will also close on July 30.
Bed Bath & Beyond has 367 active locations and buybuy Baby has 115 according to the company's store locator.
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Stores posted several bright-yellow "store closing" signs advertising sales from 75 to 90 percent off.
All sales are final, and the company no longer accepts its formerly iconic 20-percent-off coupons.
"We encourage customers to shop with us while inventory remains and appreciate their longstanding support and trust in us through their most important life moments for more than 50 years," the company said in a statement to The U.S. Sun.
Customers should expect slim pickings in stores; liquidation sales have been ongoing for months.
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BED BATH AND BEYOND'S JOURNEY TO CLOSURE
Bed Bath & Beyond declared bankruptcy in April.
The company aimed to close all of its stores by the end of June unless a buyer took over the stores, according to the Chapter 11 filing.
After months of negotiations, Bed Bath & Beyond didn't find a buyer for its stores, leading to the shuttering of both store brands.
While both brands are shuttering their stores, their name brands will live on.
BOTH BRANDS LIVE ON
Overstock.com purchased the intellectual property rights to Bed Bath & Beyond - the company currently known as Overstock will become Bed Bath & Beyond.
"Bed Bath & Beyond is an iconic consumer brand, well-known in the home retail marketplace," Overstock CEO Jonathan Johnson said in a statement, per CNBC.
"The combination of our winning asset-light business model and the high awareness and loyalty of the Bed Bath & Beyond brand will improve the customer experience and position the Company for accelerated market share growth."
Buybuy Baby's IP was sold to Dream on Me Industries for $15.5million.
Dream on Me is a New Jersey-based baby products supplier that sold products to buybuy Baby.
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The U.S. Sun reports on other store closures - here is a major brand shutting down several grocery stores.
Also, a pharmacy brand is shuttering 150 stores this year.