Bed Bath & Beyond and the buybuy Baby store have begun store closing process across all its stores in the US.
The process is associated with the start of Chapter 11 bankruptcy petitions. It will also help wind-down of Bed Bath & Beyond in an orderly fashion.
Go deeper with GlobalData
Hilco Merchant Resources, Tiger Capital Group, Gordon Brothers, and B. Riley Retail Solutions are managing the liquidation event.
Last month, the US retailer filed for Chapter 11 bankruptcy protection.
As part of this, the company is seeking approval to auction the two brands.
See Also:
The sales will happen in 360 stores of Bed Bath & Beyond and 120 buybuy Baby store locations.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataBoth stores offer discounts ranging from 10% to 30% off, the lowest ticketed prices on a wide range of home, beauty, baby, and wellness products.
The liquidation event spokesperson said: “This is an opportunity to save on household items or stock up on baby essentials at discounted prices. New merchandise is arriving in stores. Top-selling items from the most sought-after brands will be discounted and will sell out very quickly.
“We encourage shoppers to take advantage of these new price reductions before it’s too late. Whether celebrating the birth of a baby or a new graduate, or for someone who enjoys cooking, gardening, or decorating, this unique sales event offers something for everyone.”
