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, said Jonathan Johnson, chief executive officer of Overstock. “Bed Bath & Beyond is an iconic consumer brand, well-known in the home retail marketplace. Overstock announced in a press release last month it completed the acquisition process, changing its loyalty program and transitioning to the Bed Bath & Beyond domain. After winning a $21.5 million auction for Bed Bath & Beyond’s intellectual property, the company is rebranding itself under the former's name. Overstock is a popular online furniture and home retail store. Watch Video: Bed Bath & Beyond stock plunges after management issues dire warning What is Overstock Inc.? The home goods retailer has experienced a decline in sales and struggled to attract shoppers in recent years. The chain filed for bankruptcy in April and announced it would close all physical stores.īed Bath & Beyond, which was founded in 1971, had been warning of a potential bankruptcy since early January and had announced a series of job cuts and store closures in the past year. Why are Bed Bath and Beyond stores in Southwest Florida closing? Bed Bath and Beyond, 1827 Northeast Pine Island Road, Cape Coral.Bed Bath and Beyond, 13585 Tamiami Trail North, Naples.Bed Bath and Beyond, 18700 Veterans Blvd., Port Charlotte.However, there is slight hope - its new owner has announced they will acquire the Bed, Bath and Beyond name, adding they will rebrand the website.īed, Bath and Beyond's fate: Bed Bath & Beyond returns online after Overstock rebranding What Southwest Florida Bed, Bath and Beyond locations are still open? 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."Īccording to USA TODAY reports, all 360 Bed Bath and Beyond locations and 120 Buy Buy Baby storefronts will liquidate their stock and shutter their doors for good if they haven't already. In a statement to USA TODAY Network-Florida, Bed Bath and Beyond said: " Bed Bath & Beyond and buybuy BABY closing sales will continue through all stores’ last day open to the public on Sunday, July 30. More than 350 brick-and-mortar Bed Bath & Beyond locations across the nation already have or will shut down by July 30, including the five locations in Southwest Florida. The big blue coupons throughout your home are officially expiring for good. Watch Video: News in 90: Train derailment, former sheriff and bridge chaos
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