Bed Bath & Beyond filed for bankruptcy. Here’s what will happen at Triangle locations.

Avi Bajpai
Paul Sakuma/AP

Bed Bath & Beyond, a popular big-box retailer that managed more than 1,500 stores across the country at the height of its operations, filed for bankruptcy Sunday.

The 52-year-old company filed for Chapter 11 bankruptcy protection in U.S. District Court in New Jersey, and said in a court filing that it expects to close all of its stores by June 30, according to The New York Times and Washington Post.

Until then, the company’s 360 Bed Bath & Beyond stores and 120 Buy Buy Baby locations will remain open to customers with closing sales starting Wednesday.

“Thank you to all of our loyal customers,” the company said in a message posted to its website. “We have made the difficult decision to begin winding down our operations.”

Here’s what we know about the closing, according to the company.

When do Bed Bath & Beyond closing sales start in NC?

The company said its stores will begin closing sales on Wednesday, April 26. Note that all sales made on and after that day are considered final, the company says.

The company has 18 locations across North Carolina with four stores in the Triangle:

  • 3604 Sumner Blvd., Raleigh

  • 405 Crossroads Blvd., Cary

  • 3616 Witherspoon Blvd., Durham

  • 208 Grand Hill Place, Holly Springs

A North Raleigh location in the Six Forks Station shopping center was one of 150 “low-producing” Bed Bath & Beyond stores the company said it was closing in February.

Customers can still shop online.

Can I still use Bed Bath & Beyond coupons?

The company said it will stop accepting its famous blue coupons on Wednesday, April 26, noting that after that, there will be “deep discounts” on merchandise.

For years, the 20% coupons (or $10 or $20 off) have been must-haves for Bed Bath & Beyond shoppers.

Can I use Bed Bath & Beyond gift cards?

Customers will have until May 8 to use Bed Bath & Beyond gift cards, the company said.

Customers can redeem merchandise credits until May 15.

What if I have a registry at Bed Bath & Beyond or Buy Buy Baby?

The company says registry data is safe but that registry items can no longer be purchased through the stores.

“We expect to partner with an alternative platform where you will be able to transfer your data and complete your registry. We will provide details in the coming days,” the company said.

History of Bed Bath & Beyond

The company, founded in 1971 by Warren Eisenberg and Leonard Feinstein, opened its first stores in New York and New Jersey, but gradually took on a larger share of the market for home goods shopping — everything from bedding and bath towels to cookware and small kitchen appliances.

The company went public in 1992, and was operating 311 stores across the country by 2000, according to The New York Times. Ten years later, it had more than tripled its number of stores. The retailer peaked in 2017 with 1,552 open stores, The News & Observer previously reported.

In the aftermath of the pandemic, the company faced a less profitable environment. It continued to close more stores, and avoided bankruptcy earlier this year after raising around $1 billion from a preferred stock sale, The N&O reported.

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