Thread regarding Bed Bath & Beyond layoffs

We need to get competitive on prices

The old days of each store ordering their own inventory based on the local customer base does not work anymore and BBB was right to move away from this. Customer loyalty isn't what it was and individual stores ordering inventory for the less than 5% of brand loyal customers was eating up profits. People now shop mostly for price. There have been so many times where a customers finds a product, do a quick search on their phone, and say "Oh, I can get that cheaper on Amazon, Walmart, etc" and then just order it online. They need to get competitive on prices.

@zmh+1l6sg5aV makes a great point.

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| 1211 views | | 7 replies (last February 13, 2023) | Reply
Post ID: @OP+1l7qrAGg

7 replies (most recent on top)

When BBB is completely gone in the near future and this board means nothing this post should be framed and saved and named the winner in "The Most Comedic" category.

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Post ID: @3eyo+1l7qrAGg

Too late for that. This is a done deal it’s just how long they want to drag it out now. Bed, bath & begone!

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Post ID: @3kol+1l7qrAGg

Competitive pricing is here already it is called going out of business sale

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Post ID: @1hvg+1l7qrAGg

Bbby has been a showroom store for a long time. No different from a Best Buy You go to it physically see an appliance but not to buy it there unless the price is stellar with the coupon. Otherwise, here it is, I like it, but let's look it up at another store, and damn, your WI fi is slow in here!

That was the mistake all along. And couple that with an addled website and that brilliant LET'S CHANGE PRICES TWICE A DAY thing., Amazon and others made a Mint on Bloodbath. The stores that did not have robust e-commerce platforms became showrooms for the other companies.

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Post ID: @rkp+1l7qrAGg

It... is... over...

The inevitable WILL happen.

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Post ID: @drl+1l7qrAGg

translation: "i've never been in a bed bath and beyond store, but i spent a lot of my parent's money on their stock, so now i need to convince myself i'm not gonna get grounded when they find out how much i lost"

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Post ID: @uqa+1l7qrAGg

Um, isn’t it a little too late to invoke that strategy?

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Post ID: @dyq+1l7qrAGg

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