Thread regarding Bed Bath & Beyond layoffs

Pull the gift cards

All BBB and BBBY gift cards are a pull off the floor and don't sell in all kiosks and retailers...

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| 1641 views | | 9 replies (last February 4, 2023) | Reply
Post ID: @OP+1l0nTPjP

9 replies (most recent on top)

Reddit reports BBBY gift cards pulled from Walgreens stores as well, mostly in FLA. A local merchandiser wrote it and put it on the Stock Price site.

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Post ID: @1wgc+1l0nTPjP

@yvk- I love your sarcasm. I major in it, too.

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Post ID: @tyj+1l0nTPjP

I used my GC yesterday!! Ha.

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Post ID: @ucx+1l0nTPjP

Anybody want to buy an old Wards credit card?

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Post ID: @elc+1l0nTPjP

Hmmm, wonder if this could be why:
When a company files for bankruptcy, holders of unused gift cards are generally lumped in with the firm's other unsecured creditors, who often get little or nothing after secured creditors are paid. If a company wants to honor gift cards while it's in bankruptcy, it must get permission from the bankruptcy judge.

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Post ID: @zhv+1l0nTPjP

Highly doubt they would pull thousands upon thousands of gift cards just because they say valid at Harmon on them. Common sense dictates they can't be used in a liquidation store. Where will BBB get the funds to purchase all new gift cards and distribute them?

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Post ID: @xtj+1l0nTPjP

I would suspect that is because there are Harmon logos on the existing gift cards and since all harmon stores are closing and the Harmon website is down, they don’t want to continue selling gift cards that say valid at Harmon.

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Post ID: @ebf+1l0nTPjP

Nothing to see here, false alarm! Nevermind not paying our debt, severance or barely making payroll. Ignore our gift cards are no longer valid. Come on in, look at our empty shelves and find something to buy, we aren't going out of business!

As said numerous times, BBB can't even go out of business correctly!

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Post ID: @yvk+1l0nTPjP

Alert! Anyone who has a BBBY gift card better hurry up and use it before it becomes trash. Not that there is anything of value to purchase now!

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Post ID: @raq+1l0nTPjP

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