![]() ![]() Now that the company has rebranded, those vendors are willing to expand their offerings, which helps Overstock provide a wider range of desirable merchandise, said Johnson. Certain vendors that Overstock previously worked with didn't allow them access to their entire product category because they didn't want that merchandise associated with Overstock. ![]() The rebranding also helps Overstock with business relationships, Johnson said. So it's a name that people like, they're proud of, that they want to be associated with." "We're self aware enough to know that nobody, not even my children, would put 'registered at ' on their wedding announcement, baby announcements, but they will put 'registered at Bed Bath & Beyond' on both those announcements. "Rebranding to a name that is synonymous with home, rather than pushing, slogging forward with a name that was mistakenly confused with liquidation, something we haven't done in two decades, will help us cut through some of the difficulty of the current economy," said Johnson. Johnson attributed the slowdowns in part to overall softness in the home goods category and the economy as a whole, but he pointed to Overstock's name as a factor, too. In the quarter ended June 30, Overstock reported a 20% drop in sales compared to the year-ago period, a nearly 30% drop in active customers and slowdowns in orders delivered, average order values and the number of orders per active customer. ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Party City filed for bankruptcy protection in mid-January, leaving a question mark hanging over the fate of its 800 company and franchisee-owned stores, including 13 located along the Front Range.Best Debt Consolidation Loans for Bad Credit The off-price giant is slated to take over 50 former Bed Bath. Retail sales have fallen in three of the past four months and the holiday season came in weaker than expected, with December proving to be an “ugly” month, according to a research note from the economics team at Wells Fargo. Bed Bath & Beyond has selected the successful bidders for 109 of its store leases, and Burlington Stores will win the lion's share. ![]() in Loveland will now include the loss of stores in Dillon, Grand Junction, Glenwood Springs and Northglenn.Ĭonsumers are spending down the excess savings they built up during the pandemic and real income gains aren’t keeping up with inflation. /rebates/2fdeals2f&. The initial closures announced at 16531 Washington St. /rebates/2fshop-all-departments&. The retailer’s new backers appear to want more belt-tightening and that is coming in the form of additional store closures, which will not be welcome news for malls around the state. It had warned it faced a possible liquidation in bankruptcy court but earlier this week arranged a $225 million stock offering, part of a larger capital infusion that could grow to $800 million down the road. The home goods retailer recently defaulted on a loan to JP Morgan and missed a $25 million interest payment due on Feb. BEL AIR, MD One Maryland Bed Bath & Beyond store located in Bel Air is closing in early 2023 as the retail chain continues struggling to attract shoppers. But now that list includes six of its 19 locations in the state. Digital Replica Edition Home Page Close Menuīed Bath & Beyond initially planned to shutter only two Colorado stores when it announced its latest round of closures last week. ![]()
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