True, there are global supply chain issues all around, but this one feels more like Circuit City as a traditional business failure to me.
JMO.
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Bed Bath & Beyond files for bankruptcy
- Thread starter kingofnerf
- Start date
True, there are global supply chain issues all around, but this one feels more like Circuit City as a traditional business failure to me.
JMO.
They always felt inventory heavy to me and that is not a problem until you don't meet projections and then it is a huge issue. I have not been in one for quite sometime until a couple of weeks ago and they had really scaled down how much they carry and the store looked much more organized. Makes you wonder if they had done this some time ago if they would be in trouble now.
I think they would still be in trouble. They failed to adapt to online commerce as well as being beat out in price by Wal-Mart/Target for brick & mortar.
I think it was stuff like this:
Then this:
I believe their longtime CFO also died suddenly during the pandemic, too. Guys like that can be like successful head coaches; no guarantee the next guy will be as successful.
I haven't been to one of their stores in several years, but it always seemed to me like to they had too many products on the shelves that didn't sell in high enough volumes to justify their existence.
Just too cluttered, like Longhaul said, plus bad decisions by senior management. I think they could get away with too many products for so long because they were made overseas and dirt cheap.
Then this:
I believe their longtime CFO also died suddenly during the pandemic, too. Guys like that can be like successful head coaches; no guarantee the next guy will be as successful.
I haven't been to one of their stores in several years, but it always seemed to me like to they had too many products on the shelves that didn't sell in high enough volumes to justify their existence.
Just too cluttered, like Longhaul said, plus bad decisions by senior management. I think they could get away with too many products for so long because they were made overseas and dirt cheap.
Yeah, but they were in trouble before the pandemic. To me, the biggest reason was the emergence and eventual domination by Amazon.
I think I have been to Bed, Bath and Beyond like twice in my life. Literally.
Amazon....why drive to BB&B if you can buy something sitting on your butt for lower prices. If you don't like, just drop it off and get refunded.
It's just too easy to click on Amazon and order what you want.
Never been in one. Assumed they didn't have a men's dept.
Pretty good article.
Time for the smaller retail stores to make a comeback.
Time for the smaller retail stores to make a comeback.
I used to buy sheets & towels from them. They had some nice stuff that was hard to find elsewhere.
We’ve been hitting all the stores around that are closing bought all the curtains, curtain rods, sheets, blankets, bath towels etc for our new house, all at at least 40% off.
Other chains are also honoring BBB's blue coupons that are now expired, so you can save some bucks that way, too.
Oh good to know. Hopefully there’s not much left to get but that’s good to know