Why Bed Bath & Beyond Is Facing Extinction
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- Опубликовано: 12 сен 2024
- Bed Bath & Beyond became a massive homegoods retailer with a decentralized structure and a focus on keeping customers happy. In popular imagination, Bed Bath & Beyond is best known for its generous coupon policy. But critics say the once ubiquitous chain ignored the threat from newer, nimbler online rivals like Amazon.
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Why Bed Bath And Beyond Is Facing Extinction.
CNBC should retitle all their videos to: "How Amazon is a threat to every business in the world"
Well stated.
Exporting jobs and cash is what we're now good at. Small- medium brick n mortar stores can't compete with Walmart's cheap Chinese goods or dodgy labor practices. Now Amazon's upped the ante by offering 24 HR preferred shipping. Free ? - sure, but that's costing something to deliver that prompt a service. Overnight gratification- perfect marketing for millennials,shut-ins, those who don't have time to shop .. Amazon is a major threat to all brick n mortar stores/ players/franchise's. When UPS, and USPS ,and FedeX ( and more ) are delivering Amazon packages , they're definitely already a major player, eating into thier ' turf'- and profits.
@TravelerPat right, but those people are declining in number. When the reason to shop a store is to cruise the bargain bins, I'd rather be going to rummage/ estate sales, auctions...many of which advertise/ sell online...and don't have the " turnkey costs" of brick n mortar stores...see the trend ?
Ecommerce is the way to go. You snooze you lose
Lol the advantage of BBB over Amazon is I can actually check k the quality sizing material etc .... lately Amazon is doing too much China stuff and it comes and is poor quality too small false advertising etc...
Because it’s overpriced. Lol I just go to Ross or Marshall’s for house stuff
You betta believe it, I buy all my kitchen cleaners (smell sooo good) at Marshalls or TJMaxx
yes! I always find what they have cheaper somewhere else...unless I have a 20/30%off or something
Like SEARS, the prices are no longer competitive.
At 2:01 in the video, the BBB store is shown right next to a TJ Maxx. Where do they think I'm going to first?
I go to the Habitat store and yard sales...
Once customers figure out the products are overpriced, they will never come back. And everyone seems to have figured it out.
As someone who has worked there I always wondered why we never had a college section or deals for college kids. So many of these brands have college collections and there's nothing there for college aged people
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@@sskhire Not all of them are overprice. You just have to buy used. Have you learned how to budget and not buy everything new?
@@sskhire yes but a lot of people don’t buy them new, also a phone isn’t really comparable to pillows or a vacuum people don’t mind spending money on things worth the price to them and bed bath and beyond doesn’t have a lot worth the price
@@annaconigliaro2907 I worked there too and we always had a huge college rush. And we’d always bring the college items to the front of the store around back to school time. Maybe Bc i was in Austin, which has UT, but we always capitalized on back to school.
Bed Bath and Beyond is expensive. That’s their problem.
Because you can get your item replace no matter if it’s broken or they don’t sell that model anymore as long you have the receipt
@ Nichole
That's exactly why I didn't shop there even their sales were crap, I won't miss this store 😞😞
@@gizmonovack NOT ANYMORE ! Policy has changed.
and they dont have good stuff, period.
Exactly! It's not rocket science. They are choosing to be ignorant of this misstep.
Everything is overpriced that's why I don't buy there anymore.
That's why you use the coupons. Geez!
You want to waste your money on Wal Mart 😂😲
Can’t stand the coupon gimmicks. Spiderweb of crap everywhere. Never shop there again.
Where you shoppin at? I need to go wherever you go. 😍
@@texasgirl5787 omg... you said what every woman who read his comment is thinking. 😁
Just cut the gosh darn prices and I’ll start shopping there again.
we are trying to buy a toaster oven but it was price 59.99 as new :O wtf 59.99 for toaster oven when sadly jcpenny has it for 24.99 for same item LOL
Yup
I walked in to buy some stuff with my roommate. My family loves bargains, so I found it odd we'd never shopped there before. I looked at two aisles, said "oh this is where rich people shop when they think they're being thrifty" and we walked right back out.
you know whats funny recently i went back to jcpenny it dropped down to 14.99!!!!! even cheaper now! hahahah
@@morley364 EVERYTHING IS OVERPRICED PIECE OF JUNKS MOSTLY MADE FROM CHINA AS WELL HAHA including 20 percent off more like 1 percent off LOL of any standard stores
Here's a coupon for 20% off anything in the store (except on any brand you'd want to buy)!
😂👏👏👏!
I have that 20% off coupon. It's good until October.
American Express partnered with Bed Bath & Beyond. I can't remember how much of a discount but it's significant.
paper coupons don’t expire so.
They're going out of business because they charge $10 for a soup spoon.
Material and quality. Buy a $1 spoon at the dollar store that will break in a month.
Bacchanalia no it won’t
@@curlyhairdudeify Their plastic spoons are no different in quality than walmart.
@Bacchanlia that’s not the case for everything you buy. I bought my utensils from the dollar store and they are Betty Crocker and work just fine
Right!
Bed bath and beyond is so expensive. They should make their merchandise more affordable and watch sells go up
Yes!!!!
We price match now, so our sales have been better and foot traffic as been amazing in our stores!
It is "sales go up". Grammar, please. Or are you an illegal, too?
@@DianeHasHopeInChrist have u ever hard of spell check. And seems like u really feel some type of way.
Lmao poor baby
@ MsAries
To late for that, the one in my town will be leaving very soon and the prices are still outrageous 😔😔
I went in there once and the prices was BEYOND I what I can afford. Never went back ever since
👏
Flash 🤣🤣😂
😂😂😂
I hear that.
Hello Amazon
$20 for a $5 candle might be why too
I went in there, saw the prices and walked right out. Ridiculous prices.
I've been once, SO EXPENSIVE , it was bed, bath and beyond me.
Lol🤣😂
Bai Mark I try 😉
🤣
Bed bath & beyond ya wallet huh? Good one.
🤣🤣🤣
The stores are way too cluttered. If they slim down what they offer and refresh the store designs, and probably use stores as online fulfillment to cut shipping costs, I think they can rebound like Best Buy did
Oh my goodness have you seen the price of their sheets? Brutal
slab6046 sheets? Have you seen the price on shower curtains? $70+🤦🏼♀️
slab6046 agree 100%!
Cotton costs more than polyester
@@brendajohnson8693 damn. I bought mine at Homegoods for like 10 bucks. That's an insane markup.
About $20 at Costco every day. No need for sales or coupon
Yes omg can’t wait for the closing sale I can get that rug I’ve been waiting to go on sale for the last 10 years.
Scott Animation 😂🤣🤣🤣
Wow 😂😂😂 really?
Scott Animation 🥴🤣🤣
😂😂😂dead
Me too...
Literally yesterday I was thinking I haven’t received a 20% off coupon in months
Probably because you don't use the. I receive them.
Me either
Try signing up again because I never not end have one sent to my email or phone number.
If you said . Yesterday I was thinking why haven't I got a coupon. Wtf does the laterally gotta do with it. My fkn god I remember a time before Facebook when people never said laterally or figuratively every sentence.
He said literally since this video just dropped yesterday, you idiot.
They are "over priced" even with the coupons. I go to the outlets stores and Amazon for almost everything. People look for "bargains", so it's Amazon, walmart, target or outlet stores.
I've compared a lot of their products to the exact same models elsewhere, and the price at BB&B was cheaper. I expected them to be more expensive since those 20% off coupons are so common, but that wasn't the case. It likely depends on the products though.
YIKES~ who wants to enter a WALMART?
You go to target for bargains? 😂
Yes and sometimes even when you get a decent price and add the coupon it goes down, but then again goes up in price when you do the checkout online and they give you the shipping price.
When Bed Bath and Beyond has that Clearance sale I will go back.
I don't know why I'm watching this I've only ever been in a bed bath and beyond store twice.
I'm watching as well and it it doesn't even exist in my country
I don't know why I'm watching this I'm from Honduras and we don´t have bed bad and beyond stores here lol.
LillyLavine I haven’t even went there once
Yet you wrote a comment
same lol
Its too expensive and it seems like a store that should be reasonable. I never buy anything there
CNBC whipped that horse for 16 minutes and 13 seconds.
😂😭
14 seconds
not gona lie i love this cnbc channel now very consise and informative and keeps ur attention
Mirza Ahmed 16:13*?
It’s interesting though 😩
The store layout is old style, the prices are premium on average quality goods, the shopping experience is unpleasant. There's your reasons.
They're changing the stores' layouts. The ones near me changed six months to a year ago. But personally I preferred the old one.
Oh please. Nothing wrong with the store layouts.
This one of the most disorganize and overly expensive retailer. It was about time for it to go down. Perfect example of management promoted by favoritism
Yes I always thought their prices were higher. Walmart and Meijer were better alternatives during college days.
They are too expensive. They need to keep up with the competition. I can get the same stuff for less on Amazon and at Walmart.
Tami O'Fitz Yes, but the version of vacuum cleaner i purchased at bed bath and beyond had a full set of attachments while the $30 less expensive version packaged for Walmart did not. If you purchased at Walmart, you would have had to purchase the attachments from the manufacturer for, you guessed it $30 + shipping. Walmart is for the amoral.
And we price match all stores at bed bath and beyond lol
Yes Bed Bath and Beyond does price match, and our customer service is top notch!
It's like the prices are made for rich ppl. I also like to get my home stuff at Ross & Target too
I have been to bed bath & beyond many times and I have not been amazed at their customer service. People didn't enjoy their jobs, they were tired and it seemed like I was always inconveniencing them when I wanted to pay for something.
This business fail due to high prices.
Can't compete with Amazon
Just wait until Amazons competitors are gone prices will be for retail.
@@ohyeahgamer3736 At the expense of the economy.
@Mirai Trunks And you have to wait two days to get it. What if you need it in a pinch.
OH YEAH GAMER most big cities have same day prime...
I've been anxiously waiting for the day your title reads " Why Facebook is facing extinction ".
It'll happen.
Maybe once baby boomers start dying off it’ll die off as well. It’s mainly just older people using it constantly
@Blackpilled Saint hey, Tinder was my source of fun for years :V
Me too. They designed the editing and deleting of free speech. Demanded they audit my computer cause wrote Israel needed trial by ICCc since UN unanimous as violators of universal human rights. Nikki Haley, American ambassador under Trump threaten "we will be taking your names" of any country demanding ICC prosecution. My petition got hundreds signatures for ICC action so got shut down Facebook and wanted my deny and audit to assure my computer did not give FB a virus!
I think it's eminent.
The pricing. But I love the place. I only go there when I'm looking for something specific and strange.
I go there for the scent experience 😀 as soon as you 🚶 in the smell of satchéts aromatherapy💨 draws you in like a drug 😍
greta fernandez Yes, and they smell good. 😏
same. but too expensive
Having been a manager there I can attest that it’s demise has to do with the way it treats its employees. Turnover is huge and employee loyalty is very low.
I work there and I have to agree with that...On the plus side, the fact that there's so much turnover makes it really hard to get fired.
LadyClassical exactly, I work there too
Exactly. No benefits, decent pay or half decent treatment of employees is the formula for the demise of a business. But they will find out the hard way I guess.
That’s true at almost retailers since pay 💰 is so low. So not a big contributor in the overall picture
I remember hating working there. It was my first job and you only got 20 minutes for lunch if you worked 8 hours, and being told to smile every minute I'm working was creepy and weird. When I'm stocking, even. Also everything is just honestly overpriced. I can't see a reason for it to stay afloat.
I find lots of stuff on Amazon to be overpriced....
Amen. I boycott amazon.
I don't know what kind of stuff you're looking for but all the stuff I bought on Amazon I got great deals.😃
I bet you got overcharged on shipping.
@@SouthernBelleReviews No..Amazon prime.😃
Yea, once I thought I find a good deal on Amazon, but couple months later I found the item at Walmart for 5 bucks and I paid 10 bucks on Amazon. That's a 100% markup. Once buying on Amazon becomes a habit, you are hooked and it's very hard to quit even you know you are over paying
Even with the 20% coupon which you can find pretty much on every website, their prices are still expensive. Even if you shop with the 20% coupon, you are still paying 15 to 30% more than any other retailer.
I C true story
Nah...you can't use coupons from any website except the actual BB&B website.
It's not rocket science... High prices...with a glorifed Walmart experience. And customer service is...meh.
I'm just legitimately curious...What did you not like about the customer service? You can help me improve here.
... to the latter Same experience.
@@ladyclassicalwrites I think they customer service mimics their business model, lackluster.
Walmart was the first
@Sapphire Sky Yeah, because it's a warehouse.
I’m a Filipino living in Japan so I don’t know why I’m watching this. 😂
Because most humans love knowledge...however meaningless and non impactful it may be in your current existence. 😜
Putang ina mo
You might have coronavirus.
I live in New Zealand and there's one of these stores near where I live, but I've never been into it. (But I'm still watching the video :-)
Watching big things fail is entertaining.
Dang, first Business Insider and now CNBC stealing CompanyMan's format :/
Noticed that immediately. No one does it like Company Man though. “I’d like to hear what you have to say”😀
Exactly.
I know he’s watching this.
I thought it was Company Man until I saw the source, I will say however, that I actually do like the longer content...
Shout out to the homie. If you don't know who the Company Man is check him out, he has quality content.
@@user-dq4vt6ox1c I will right now! Thanks for the heads-up
I love this store. I rarely buy anything, but it’s great for window shopping. So much to see.
Sometimes I just like to going there to wander and relax
I feel the same and I'm shocked they ar struggling so bad
EcClair Mayo you’re part of the problem...you use up limited aisle space WHILE NOT BUYING ANYTHING.
This is why they’re in the situation they’re in now lol
@Jon Doe Nobody wants TOO MANY options. It's super overwhelming.
To everyone who is thinking of starting their own business, believe in yourself and never give up.Your future self will be thankful .
Forex/Bitcoin trading is more profitable and a big chance to make more money nowadays.
You gotta see investors scared and loose funds due to ignorance
i I’m living testimony of automate ,they change my financial status to a better standard
I was just doubting the process but later gave it a try and it was indeed a great return of profit weekly and is a mind blowing opportunity.
Yes I now believe that this is real, though I was sad after receiving my profit, knowing I invested so low with fear
Using Amazon while in the store haha. Now that is savage.
Guilty as charged.
Ouch
Everyone does this, it keeps them honest. Use Alibaba
People do it all the time. They go to the store to check out a product and then order it online for a better price with free shipping
I thought this was normal. I'll buy in store if the price is close... but so often, I find a better product or the "right" color for MUCH cheaper online. Hard to stand there and pay full price in the store.
I received a Bed Bath & Beyond gift certificate years ago for Christmas. It was June before I had a chance to use it, and they said it had expired days earlier. I called my nephew, he emailed me a copy of the receipt, it showed on the receipt that it was less than six months old, so I went back with a copy of the receipt, and they wouldn’t budge. I know it’s a minor thing, but I haven’t purchased from them yet because of that. Great store, but IMHO their customer service was sadly lacking.
Victoria - I’m not quite sure it was horrible, my nephew was young and the dollar amount was low, it was a case where the thought counted more than anything. That they decided to not honor it was a minor thing I know, but I used to spend on average roughly a grand a year give or take at their stores. That $40 gift certificate cost them way more than than they will ever know, I will never go back. Ever.
Victoria - I don’t blame my nephew one bit. He is wonderful and now has two kids. And trust me, I am not shy. I did ask to see the manager who dutifully tried it or checked it again (swiped it) and responded very drolly "Sorry, it’s no good." I showed him the receipt and he just shrugged and looked at me like I was wasting his time. I had a cart full of stuff, my coffee machine had died and a dozen other things were in the cart. What surprised me was how little he or the clerk cared when I calmly said no, when asked how I would like to pay for this, as I walked off. Stores are just people. Looking at their sales chart and when this happened I can only imagine that they thought they were trying to do the right thing. They were probably under pressure to increase profits and sales, and that was their motivation for their decision. I’m just one customer, I won’t be missed, LOL!
It's actually illegal to not honor a gift certificate now. They cannot expire. So you should have contacted corporate.
Expert Excavating - Good to know! Not sure if I kept the thing though... LOL!
Erin Thor What a wonderful online conversation to read, both you and Victoria seem like great people and I’ll surely take her advice in shopping at smaller stores. With social media especially RUclips which is ridden with youth like me who (unlike me) are often very toxic and harass others online, it’s rare to see normal genuine conversations. I wish you both the best in life.
We went in one 10 years ago..ridiculous prices..never went back ever since when there's a Marshall right next door lol!!
News: "Why is this company failing?"
Customers: "It's because they're charging 3-4x too much"
Analyst: "Nah, just give them ecofriendly fairtrade artisinal pillows"
Sim9 I couldn't have said it better! LOL!
Sim9 don’t forget the coupon
I walked in there looking for a King Comforter and realized I couldn't afford because it was $300
You can get one for a lot cheaper on Amazon. Lol
Amazon. I found my king comforter (i wanted a queen they didn't have one) at DD's Discounts for 29.99 and I still have it. Not the best quality BUT it does last awhile.
That’s insane
Go to ROSS. Got one for like $50 with other stuff along with it.
I love that I found this out a month after I got hired 😂
Everything too expensive, & those 20% off coupons ain't helping
I went there once to get a wedding gift for my friend. The prices are insane for stuff I can get for lower anywhere else. The walking space was almost non-existent, too.
Stop being cheap with the present that you are giving. They pick that place for a reason
@@josezaragoza3188 but when you price compare, you can get the exact same item for way less somewhere else. It's not that bb&b is expensive because it's high-quality. It is actually literally overpriced.
I went in one last month and it was exhausting shopping in! It was huge it was cluttered, I didn’t know where anything was and the worst part it was extremely overpriced!
Theyre too EXPENSIVE i can get a pillow that cost at bed bad n beyond $30 at primark for $15
wait?! You have Primark in the US? I thought that was just here in the UK!
@@FIFII Certain places in the states have Primark
@@FIFII I don't know what this person is going on about. Primark is not in the U.S.
Lol. There are Primark in NYC
@@YoBoyMarcus I live in Massachusetts and I know of two different Primark locations both within an hour of me so, although they're not everywhere, Primark does have some stores in the US.
I still use the all cotton potholders and full size comforter I bought there back in 1997. Very durable and high quality. Thank you, BBB.
Quality in the mid 2000s is not the same as late 90s and early 2000s. Quality has gone down and prices go up. Earth has only so many resources and businesses get greedier.
Nerd
Yes, I have a set, no fuzzies, purple silk/polyester quilt. Purchased at Walmart on sale for $35 BETTER HOMES and GARDEN. This is the only quilt I've used since 2005, no lie!
The 20% off coupon always applies to everything in the store except the one item that you came in to buy.
lmao so true!!!!
With stores like TJ Max Home Goods, who needs them?
You bet. Stay current or else
I guess if you like used, returned bedding with bed bugs. Have fun spending a fortune getting rid of your infestation after saving a few dollars at TJM/HG.
You can buy bed-bug repellant sheets at BB&B and bug killers too. ;D
TJ Maxx needs them; they buy left overs & overstock.
Overrated. They sell crap.
I used to work there. Absolutely horrible place. People don’t shop without coupons and being able to use multiple coupons in one purchase hurt us soo much. Customers would always mention how they refused to shop there without coupons. Not to mention our average customers are people that are 40 plus years old. Also before I left we had a terrible return policy. You wanted to return a 400 dollar Dyson vacuum that was a year old? Sure go ahead! No questions asked at all! Forgot a coupon at home? Don’t worry the manger will just manually put it on! Plus we don’t even advertise by any other way but word of mouth and email. Have you ever seen a commercial for bb&b? Of course not! Plus the way we kept everything in stock was horrible. The video mentions how management at stores Oder the products and that is correct. My store would end up ordering so many products that sold horribly and this happened so much that we sacrificed a section in the store that was once for kitchen ware to then be changed into a clearance room. The stock room was also a disorganized clutter. Nothing was organized. It was just put into boxes and you had to hope of someone asked for that product that you would have to remember where you put it in the first place. Oh and did I mention that we are underpaid as well. 9.00 dollars an hours to put up with a ancient computer system,changing heavy fixtures and moving 60 plus pound products up and down dangerous un-Maintenanced ladders. In my time there I had 3 co workers fall from ladders backseat of how loose the handles were and how loose the bolts were. They also kept us in the dark when it came to how the company was doing or if hours were gonna get cut. Hours got cut so bad at my location that 10 employees quit. How bad were the hours? People who needed to pay bills had 4 hours a week. Full timers had the minimum of hours and Managers were unaffected. Another thing that I hated is that the management heavily picked favorites. The manger that made the schedule would only pick the people whom he knew could get everything done without asking for help during his shift so that he could sit up stairs all day. One day we called him down to help us on the registers because we were getting slammed. To my shock the guy didn’t even know how to use a register because he had been sitting upstairs for so long. Sometimes I would come into work at 1:00 to 10:00 and I wouldn’t see a single manger till we left. They tell us that we can do well as a store if we focus on customer service but no matter how many good google reviews we got that didn’t help. We struggled to make 8k a day. We went WEEKS before we actually made a day. If anyone has any questions please do ask.
King OfTroy sorry to get back so late. I’m the same guy just another account. And yes we did complain but every two weeks store hours were reduced 40-50 hours. The video mentions how the managers are corrupt and that is correct
BBB should forget the 20% off coupons & just lower all prices by 20%. Do a big reimagining campaign announcing the change.
Husbands everywhere celebrate it's demise
Correct. As a husband, that store is confusing, overpriced and exhausting. I can find something I am looking for in 2 minutes on Amazon and pay less, or drive 20 minutes and spend 30 minutes before paying more for it at BB&B.
Evil bred I live literally next to one, just a two minute walk
Evil bred he meant the wives love to shop there, not the husbands
🤣🤣🤣🤣🤣🤣
*its
Prices have sky-rocketed in the last 8 years whilst our pay remains the same! Bed bath and beyond sales went downhill the day they went public. Greedy investors!
cut the overpaid executives.
A lot of them are fat and never come out of their office
Poor management killed this company. Billions in buybacks to raise EPS instead of focusing on improving the underlying business.
Buyback is the big thing
Before bankruptcy
Buy it back
Then pump the stocks
Liquidation liquidation
For investment
I went into one for the first time two years ago and walked out pretty much immediately. Got the feeling that two-day shipping would be faster than looking for the item in the store.
I swear this store looks like a glorified version is Big Lots or Family Dollar.
All of the Family Dollar locations by where I live are depressing are trashy. Looking like a hoarder's house. I don't step foot in those lol.
China Rodriguez LMFAO 😂😂
@@ojitosrodriguez114 Uncalled for.
So true
Yuuuuup
I've lived in my town for 15 yrs, been to BBB twice, the second time was when I was pregnant, 5 yrs ago...the prices are outrageous 💯
Focus more on the bed and bath, large items that are harder to ship through amazon. Create a large as seen on tv section in the back of the store since they have a bunch of that stuff.
What large items can't be shipped tho? Unless you're talking about tubs, toliets & showers...everything else can be mailed...I'm even thinking those things can be mailed too!
Meka Shant'e yes exactly stuff like that! And larger mirrors, counters, mattresses. Even though a lot of stuff can still technically be shipped a lot of people still physically shop for things like mattresses.
Any store in America: Amazon is bankrupting them.
Amazon and Disney are coming for everything :O
@@NowhereBeats if you don't live in a city, you need a car. You can get a cheap used one
@Angel S Bezos and his live-in girlfriend need to go-out-of business. I much prefer small stores in my area where u could see the items in person.
I actually think Amazon is way too expensive. I have found things at local stores much cheaper. Plus there's that shipping fee that I'm not willing to pay $100 a year to get rid of just so I can save on a couple of items.
OMG Clutter and chaos is right. I wish they would redesign their floor space. Most stores don't do coupons. They have loyalty or points programs.
LiS Wright I have wondered if you go in without a 20% off coupon if they'll still "give you 20% off". I am pretty sure the answer is yes.
Fred Stiening No...we are not allowed to do that...there has to be an actual coupon.
How about for starters, the _Lower their prices._
ppl would return if their prices were more comparable
I literally forgot this store existed.
That store gives me anxiety. It's so overwhelming in there.
Just ask. Employees are very helpful
Imagine trying to work there. I know because I did. If you like slave labor and being waaaay underpaid to do it then Bed Bath and Beyond is your jam!! Otherwise steer clear.
I went to BBB 4 times in the past 10 yrs.
The last time I was there, it must be 4 yrs ago. The sales staff were more interested in talking among themselves than paying attention to the customers.
I found a karen!!!
I get constantly accosted by their sales staff. I cannot shop there in peace, they're onto me like used car salesmen.
I rarely bought anything from Bed Bath and Beyond. I usually just window shopped in there. Their products are too expensive!
It’s too expensive... I go broke whenever I go there ,,,
Victoria wow we think alike:)
they are stuck in the 90s
BB&B is only for engaged couples who don't want to make their wedding registries at Target.
Too expensive! Overpriced! Enough said! 🤷🏾♀️
Too expensive and overpriced are the same thing 🤦🏻♂️ enough said...
Owning a home at today's elevated and manipulated prices in the housing market is out of reach for the younger generation. So they don't have any reason to fill a non-existent house with items from Bed Bath and Beyond. The trend will only get worse only until these "markets" return to fair value, but that looks increasingly unlikely as the FED and other central banks are hell bent on maintaining assets at these levels and even taking them higher. They'll sacrifice the dollar in doing so.
We'll end up renting cages in multi-occupied apartment rooms just like in Hong Kong, and shop at Hamsters R' Us.
I want a wheel!
9 trillion missing in 2008
Exactly.
Bed, Bath & Beyond needs to significantly lower their prices to draw in more customers but in order for that to be financially feasible, BB&B needs to establish direct partnerships with manufacturers to offer exclusive products not available anywhere else... No easy feat. Another issue is, especially in light of the ongoing pandemic, is to focus on e-commerce, mainly free shipping incentives with low minimums, exclusive sales for members on high-end and desirable items and offer curbside pickup as well with an exclusive coupon for an in-store purchase only on a future visit. The selection/variety that BB&B provides in-store is unapparelled but it does get overwhelming at times too especially when you're just looking for something specific. It's also very difficult to purchase only one item there if you're browsing. You'll quickly find other items that you didn't even know existed or that you didn't even think you needed but ends up being surprisingly useful. That's a huge win for both BB&B and the customer. But what brought the customer in the first place? Probably one of those 20% off a single-item coupons which immediately hampers most customer's willingness to purchase more than one item right off the bat. Perhaps a membership program that offers exclusive and consistent discounts for frequent/loyal shoppers would be a good implementation. And maybe offer 20% off unconditionally for cardmembers with the BB&B credit card. Many are willing to spend more if they don't feel the pain of having to fork over they're cash right away. There are ways out of this before BB&B goes further downhill. It's just going to take a lot of clever ingenuity.
It's just that anything I could possibly ever want in that store I can get cheaper and/or more conveniently elsewhere.
I've never purchased anything at BB&B without using a coupon. If they start refusing coupons, I'm gone.
When you can save $5 on a $15 purchase, count me in. When that stops, count me out.
The $5 off $15 aren't going anywhere. :) But GET THE MEMBERSHIP. It's 20% off of everything in the store for a whole year and free shipping. One lady used it to get a $1200 purchase down to $900.
They needed to quit the jack up the prices and offer endless 20% off coupons scam years ago. It’s almost insulting
Can’t believe I forgot about Linens N Things
Jeff Webb LA?
If you forgot about Linens N Things, that's a sign that you didn't need them. No wonder they went out of business.
Strouds used to be a Bed Bath and Beyond competitor before going out of business.
@Grace Garcia
Linens N Things didn't stay in business very long but I liked that store
@@denisegoodwin4264 I Loved Linens and Things, but they were a lil pricey too!
They should start selling bathwater. I'm sure it would be a hit.
hire belle delphine as mascot :)
pink toes I had to google that name. Crazy story. Crazy that it would be well known enough for someone to make the comment and for someone to get it.
@@codycast what's the story?
@@nordette Google it u lazy"Goose"
Bedbugs Bathwater & Beyonce! Good new name for the restructuring. 🤣
I stopped going in because the scented packets permeate the store. So overwhelming I could not stop sneezing.
Yes, why are companies so out of touch with the allergy issue.
My local store is heavily scented with candles. It's even worse during the holidays. If I want a great migraine, this is the place to go!
tbh, I'm from Europe and went to Bed, Bath & Beyond a few weeks ago for the first time in my life. I've never seen a shop overloaded with so much garbage in one place. We went out there laughing and trying to understand what we just saw.
The reason why these companies fail is because the public is learning that they’re getting hosed
Bed bath and beyond carries everything that people now buy on Amazon.
Maybe they’re in the red because they blew their budget on blue ink, paper, and postage
lol 😋
😂🤣
"Oh cool a nice towel rack." (See's price) 👀 $42.99 👀 👀
😂😂😂
The one nearest me was always heavily scented with something I'm allergic to. I prefer to shop and breathe at the same time.
Lois Avci the minute I walk in I get a headache because it is heavily scented where I live and that is the main reason I don’t shop there. I can’t figure out why they think the store has to smell this way.
Lmao i walked in there for a coffee machine costing $50 then I walked into jcpenney and see the same product costing $25 lmao (update. On the story. I actually ended up buying the $50 one but felt like it was a learning experience to never shop there again. Especially when everything is so high. I’ll just do all my shopping online since everything is reasonably cheaper.)
Penney*
Pony*
Phony*
Lies
Amazon has it for $15.
I'll never regularly use amazon or any online vendor. When I want something, I want it that day, not 2+ business days later. Furthermore, I want to see, touch, and make sure what I'm buying is exactly what I am getting. I'll always be a brick and mortar person.
They need to update their website and stores. It’s all
About minimalism. Bed bath and beyond is where old ladies go to shop.
Amazon is putting everything out of business
Andrew Yang
Why do you wanna pay more, when you can save a lot buying from Amazon?
@@anonymousanonymous7360 Because money equal power and Amazon already has enough of both
No they aren't.
@@GamerbyDesign Not To Mention IF Amazon Destroys There Competitors, There Would be No Incentive To have Low Prices & Amazon Will become Very Expensive. I believe there's a Law saying U can't conspire With Ur Competitors and Fix the Price but For GodSake BB& Beyond IF u see ur competitors Prices are Low It's "OK" For u to Lower Ur Prices.
Heres the short answer everything inside Bed Bath and Beyond is overpriced. You can find the same items in a discount rack department store like DD's Disocunt or Ross or Marshalls at a much lower price. I bought shower curtains, a shampoo rack and clothes bin for under 30 dollars total this easily would have costed over 50 at Bed Bath and Beyond. Me saving 20 bucks means I get to eat lobster tonight instead of bean tortillas.
Their highest competition to me is actually Marshalls! I love that store...
Good Riddance!
Now my Mom can finally stop shopping there and maxing out her credit cards.
trophix she’ll just max them out on Amazon
As I watch this video my doorbell rang. It was UPS with an Amazon package containing an IHome clock i ordered yesterday. I tried to buy this at BB&B but they wanted $99.99 plus tax. Now I could have saved 20% with one of the half dozen coupons laying on my kitchen counter but that would have only brought it down to about $80.00 plus tax. I purchased the same exact item from Amazon for $69.99 which was the price most other retailer are charging for it. It's sad to see America's retailers going under but when you see this type of price discrepancy you can understand why it's happening. I seldom go into a BB&B anymore unless it's an emergency and I need the item right now. They have beautiful stores, well stocked and very clean BUT and there's always a "BUT", they are vastly overpriced.
Mike O it’s not sad to me. The other end of capitalism is the power of people taking their money elsewhere when businesses don’t adapt. Thank you, next BB&B
Most things on amazon are priced below what a company buys them for. Amazon doesn’t make a huge profit from sales. This is why normal retailers can’t compete with amazon. Selling at a loss isn’t realistic and then when we are all replaced by robots and everything automated. No one will have jobs.
@NovaDoll Except the geeks who build and maintain the robots. Quick, become and/or marry a geek who likes building robots.
Are the coupons really hurting them when they're already overpriced?
“The Amazon Effect”
High prices & highly stacked shelves = “Do not enter” for me.
I noticed, every store I never shop at ends up closing....
Anybody else?
What other stores u recommend? 😆
"I "never, shop, that's why I don't go there"? Lol....
Omg, get a real education...omg. The ignorance & uneducated on these forums are a true testament of how dumbed down Obamanation made America....lmao.
*Why am I here, when I’m Scandinavian, and we don’t even have that store here?!!*
So Hello! Thank you for passing by.
Its the strength of the YT rabbit hole, you cannot fight its gravity. 😄
Does your country have a similar store where people consume endless aisles of plastic?
Myleen Lujan that would be IKEA!
@@soilgrasswaterair LOLOLOL!!! Duh my bad! 🤪😄 But I love your brilliant store, after wandering for hours im rewarded with soft serve ice cream!😁👏
Myleen Lujan lol *thank you* for not calling it ”frozen yoghurt” like most people outside of Scandinavia. It’s regular vanilla ice cream that’s stirred so the smothness will bring out a more tasty flavor that you don’t get when the ice cream is in its regular texture.
Bed Bath and Beyond was still the first place we thought of for our wedding registry, and the best place we worked with. I like the stores and their website seems fine. Hopefully everything turns out okay.
I love their products but their prices are outrageous.
Outrageous is Ulta, Macy's, etc.
I work here. I hope my store doesn't close.