In a race against time, customers of Bed Bath & Beyond and buybuy BABY stores must hasten to complete any pending returns or exchanges as the retail chains approach their final days of operation. Known for their vast selection of household goods and baby products, both companies have declared that after the close of business on Wednesday, May 24, they will no longer accept returns for items purchased prior to April 26, 2023, including online purchases.
In a previous communication to their valued patrons, these Union, New Jersey-based retailers also emphasized that all items purchased as of April 26, during the ongoing store closing sales, will be deemed “as is” and final sale, leaving customers with no recourse for returns or exchanges.
As these retail giants wind down their operations, they urge customers to continue visiting their stores regularly, as new merchandise continues to arrive and markdowns expand across their locations throughout the United States. With the current sale offering discounts of up to 40% off, shoppers have the opportunity to seize last-minute deals before the closure becomes a permanent reality.
Bed Bath & Beyond’s Bankruptcy Protection Filing
In a startling move that reverberated throughout the retail industry, Bed Bath & Beyond filed for bankruptcy protection in April. However, despite this setback, the company has managed to keep its stores and websites operational.
The filing, which took place in the U.S. District Court in New Jersey, shed light on the company’s estimated assets and liabilities, falling within the wide range of $1 billion to $10 billion. This decision came as a result of the company’s unsuccessful attempts to secure the necessary funds to sustain its operations.
In an official statement, Bed Bath & Beyond explained that it voluntarily initiated the bankruptcy filing “to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.”
Reassuring its loyal customer base, the company confirmed that its 360 Bed Bath & Beyond stores, as well as its 120 Buy Buy Baby stores and corresponding websites, would continue to operate throughout the process, serving shoppers while the company commences its efforts to gradually close its retail locations.
As the deadline for returns looms near, customers are urged to act swiftly to address any pending exchanges or returns. Simultaneously, they are encouraged to take advantage of the ongoing sales, which mark the final chapter in the legacy of Bed Bath & Beyond and buybuy BABY as they bid farewell to the retail landscape.