Customers will have until May 8 to use Bed Bath & Beyond gift cards, and coupons will no longer be accepted. Bed Bath & Beyond was initially established in 1971 as Bed N’ Bath by entrepreneurs Warren Eisenberg and Leonard Feinstein. As the company expanded its merchandise selection, it was renamed Bed Bath & Beyond in 1987 and went public in 1992. Additionally, Bed Bath & Beyond’s acquisition of other brands, such as Harmon Stores and Christmas Tree Shops, shifted management’s focus away from crucial investments like e-commerce. In summary, Bed Bath & Beyond’s bankruptcy filing and store closures reflect the challenges that traditional retailers are facing amid the rise of e-commerce.

Source: New York Times April 23, 2023 20:20 UTC