Popular Montana Store Closing. What About Gift Cards And Coupons?
It may not be the type of "local" business that some support, but it does have local employees, and that to me, makes it worth talking about.
I spoke with a representative from Bed, Bath, and Beyond and was told the following answers to popular questions.
Q. When will store DOORS officially be closed?
A. April 26th, 2023
Q. What if I have a gift card?
A. You can use your gift card ONLINE until May 8th, 2023.
Q. What do I do with any rewards or merchandise credit I have?
A. You can use those ONLINE until May 15th, 2023.
Q. What about returns and exchanges?
A. Any returns or exchanges purchased prior to April 26th, will have to be returned or exchanged online (via mailed back) by May 24th, 2023.
Q. I am registered at Bed, Bath, and Beyond for my wedding. Now what?
A. At this time we do not have a specific date or stipulation regarding guests who are using our store for special occasions registree but will have an update soon.
Bed, Bath, and Beyond have filed for Chapter 11 Bankruptcy.
What's Chapter 11 Bankruptcy?
According to Investopedia.com:
- A Chapter 11 bankruptcy allows a company to stay in business and restructure its obligations.
- If a company filing for Chapter 11 opts to propose a reorganization plan, it must be in the best interest of the creditors.
- If the debtor does not put forth a plan, the creditors may propose one instead.
- Many major corporations, including General Motors and K-Mart, have used Chapter 11 bankruptcies as an opportunity to restructure their debts while continuing to do business.
The Bed, Bath, and Beyond here in Bozeman is located at 2155 Cattail St.
Many people use Bed, Bath, and Beyond for home decorating, wedding registries, and finding unique "as seen on tv" products. The company has been in a bit of turmoil, over the last year with closing different locations sporadically throughout the U.S.
Unfortunately, it didn't seem like it would be too long before this announcement was made.
cc: investopedia, Bed Bath and Beyond Official Representative