BBB - another "big box" store going under!

[Baron Von Murderpaws]

Bed Bath & Beyond is a mess right now, source says

Bed Bath & Beyond may want to bus some of those 65% off private label towels it's currently selling to its New Jersey headquarters because there appears to be a mess in need of a cleanup.

www.aol.com

Just one of the last "big box" retailers out there that built OVERSIZED stores, instead of half that size. Wasting mortgage/rent, space, ac/heat, and lighting. These stores should be the size of a large dollar store......not a freeking football field. Nothing but WASTE, WASTE, WASTE!! THIS is why they are going under!! Mismanagement, NO management, corporate greed!!

 

[shockedcanadian]

Bed Bath & Beyond is a mess right now, source says

Bed Bath & Beyond may want to bus some of those 65% off private label towels it's currently selling to its New Jersey headquarters because there appears to be a mess in need of a cleanup.

www.aol.com

Just one of the last "big box" retailers out there that built OVERSIZED stores, instead of half that size. Wasting mortgage/rent, space, ac/heat, and lighting. These stores should be the size of a large dollar store......not a freeking football field. Nothing but WASTE, WASTE, WASTE!! THIS is why they are going under!! Mismanagement, NO management, corporate greed!!

View attachment 690433

They survived for years, their size probably contributed to an enjoyable and more expensive shopping experience, think of Ikea.

The issue has to be at least in part, some of the following:

Amazon, Walmart, and the reliance on them during covid (thanks shutdowns and those who demanded they continue).

Inflation, loss of discretionary income.

 

[Hang on Sloopy]

Bed Bath & Beyond is a mess right now, source says

Bed Bath & Beyond may want to bus some of those 65% off private label towels it's currently selling to its New Jersey headquarters because there appears to be a mess in need of a cleanup.

www.aol.com

Just one of the last "big box" retailers out there that built OVERSIZED stores, instead of half that size. Wasting mortgage/rent, space, ac/heat, and lighting. These stores should be the size of a large dollar store......not a freeking football field. Nothing but WASTE, WASTE, WASTE!! THIS is why they are going under!! Mismanagement, NO management, corporate greed!!

View attachment 690433

A business is started. It grows and grows. It starts failing. It dies by the ugly forces of business. The circle of life.

The stench inside that place is so overpowering I had to walk out

 

[mamooth]

Ah, Bloodbath & Beyond.

Named so because of what happened to your wallet if you let your wife inside.

 

[Baron Von Murderpaws]

Ah, Bloodbath & Beyond.

Named so because of what happened to your wallet if you let your wife inside.

I have to remember that one!!!! ROFL

 

[Canon Shooter]

You seem bitter...

 

[BlueGin]

Bed Bath & Beyond is a mess right now, source says

Bed Bath & Beyond may want to bus some of those 65% off private label towels it's currently selling to its New Jersey headquarters because there appears to be a mess in need of a cleanup.

www.aol.com

Just one of the last "big box" retailers out there that built OVERSIZED stores, instead of half that size. Wasting mortgage/rent, space, ac/heat, and lighting. These stores should be the size of a large dollar store......not a freeking football field. Nothing but WASTE, WASTE, WASTE!! THIS is why they are going under!! Mismanagement, NO management, corporate greed!!

View attachment 690433

We only had two. And one went out of business during the lockdowns. Haven’t been to the second one in a long time especially since they moved to a different location farther away.

 

[konradv]

Bed Bath & Beyond is a mess right now, source says

Bed Bath & Beyond may want to bus some of those 65% off private label towels it's currently selling to its New Jersey headquarters because there appears to be a mess in need of a cleanup.

www.aol.com

Just one of the last "big box" retailers out there that built OVERSIZED stores, instead of half that size. Wasting mortgage/rent, space, ac/heat, and lighting. These stores should be the size of a large dollar store......not a freeking football field. Nothing but WASTE, WASTE, WASTE!! THIS is why they are going under!! Mismanagement, NO management, corporate greed!!

View attachment 690433

During economic downturns businesses like this are always going to suffer. When you’re paying for necessities bed and bath are often neglected, while beyond you can forget. Too large stores, of course, don’t help.

 

[mamooth]

I think Linens 'N Shit is still doing okay.

 

[Baron Von Murderpaws]

They survived for years, their size probably contributed to an enjoyable and more expensive shopping experience, think of Ikea.

The issue has to be at least in part, some of the following:

Amazon, Walmart, and the reliance on them during covid (thanks shutdowns and those who demanded they continue).

Inflation, loss of discretionary income.

Yes, online shopping did have a TINY bit to do with it. But BBB corporate dickheads didn't "go with the flow". Just like Sears and other "big box" retailers, they refused to budge when it came to change. And this is the result.

JCPennys took a huge hit in the 80's, and in response, they downsized thier "big box" stores and survived. They brought back the "catalog" stores which was a big part of their continued existence. People placing their orders and wanting to pick them up quickly and efficiently without having to walk through the whole department store. Small locations, about the size of a ice cream parlor.........mostly just customer service and customer pickup, but with a few "in need" items to purchase, usually seasonal items.....like fans, weed whackers, tools, towels, blankets.......and JCP survived the downsize of the 80's and 90's because of the new "personal computer" people were buying, so they could do things at home, such as order from the JCP catalog instead of going to the stores. JCP also had to reorganize once again in the early 2000's to adjust to home shoppers and online marketplaces. Which they did. And they still survive to this day. JCP ADAPTS. THAT is "the name of the game".

Adapt or die.

 

[Baron Von Murderpaws]

I think Linens 'N Shit is still doing okay.

Linens and Things shut down completely in 2008.
They refused to lower prices. Their prices rivaled those of Needless Markup and DKNY.
People just couldn't afford that shit.

 

[Baron Von Murderpaws]

You seem bitter...

LOL!
Yeah, I can see where it would seem like that, but no. Just telling it like it is.

I was in all sects of retail for many years after I got out of high school. I know how it is supposed to work, I know how it really works, and I know most of the "tricks and scams" companies have.

I'm just giving facts.

It DOES piss me off though, to see all this corruption and greed destroying some of the better stores we have in this country.
It's just pathetic and sad.

 

[Canon Shooter]

Corruption? Greed?

It's far more likely that Amazon was the source of their problems...

 

[Canon Shooter]

Linens and Things shut down completely in 2008.
They refused to lower prices. Their prices rivaled those of Needless Markup and DKNY.
People just couldn't afford that shit.

And, yet, Neiman Marcus and DKNY still thrive...

 

[Canon Shooter]

Yes, online shopping did have a TINY bit to do with it. But BBB corporate dickheads didn't "go with the flow". Just like Sears and other "big box" retailers, they refused to budge when it came to change. And this is the result.

JCPennys took a huge hit in the 80's, and in response, they downsized thier "big box" stores and survived. They brought back the "catalog" stores which was a big part of their continued existence. People placing their orders and wanting to pick them up quickly and efficiently without having to walk through the whole department store. Small locations, about the size of a ice cream parlor.........mostly just customer service and customer pickup, but with a few "in need" items to purchase, usually seasonal items.....like fans, weed whackers, tools, towels, blankets.......and JCP survived the downsize of the 80's and 90's because of the new "personal computer" people were buying, so they could do things at home, such as order from the JCP catalog instead of going to the stores. JCP also had to reorganize once again in the early 2000's to adjust to home shoppers and online marketplaces. Which they did. And they still survive to this day. JCP ADAPTS. THAT is "the name of the game".

Adapt or die.

What you've described here is the polar opposite of what happened to our local JC Penney, which was shuttered four years ago...

 

[Baron Von Murderpaws]

And, yet, Neiman Markus and DKNY still thrive...

Was just using them as an example of extreme pricing.

They are a niche market. NM has had it's problems though, I believe they did claim bankruptcy back in the 90's, but they reorganized and survived. Most niche markets do. DKNY is also a niche market because she's a designer and does have small stores. Again, I was just using their prices as an example.

 

[Baron Von Murderpaws]

What you've described here is the polar opposite of what happened to our local JC Penney, which was shuttered four years ago...

That was the effect of their last reorganization, they shut down the stores with the least amount of income. But they put that back into their higher selling stores and online presence.

 

[Baron Von Murderpaws]

Corruption? Greed?

It's far more likely that Amazon was the source of their problems...

Like I stated, it was a small part of it. But not the big part.

By 2050 I'm sure physical stores will be a thing of the past, except for the basics like grocery stores, and pharmacies, and fast food places.

Most of the current generations are still adapted to picking out their own items and wanting to feel it, test it, try it on, and see it IN PERSON before purchasing. A lot of people don't want to wait for it to be shipped either, so they go to the store to get it.

Besides, a lot more people are shopping in person again, because of heinous shipping costs and not being able to see what you are getting before you buy it.

 

[Canon Shooter]

Was just using them as an example of extreme pricing.

They are a niche market. NM has had it's problems though, I believe they did claim bankruptcy back in the 90's, but they reorganized and survived. Most niche markets do. DKNY is also a niche market because she's a designer and does have small stores. Again, I was just using their prices as an example.

But your example was one which shows that high prices aren't the death knell for a business.

I'm not sure that's what you really intended...

 

[Canon Shooter]

Like I stated, it was a small part of it. But not the big part.

I think you grossly understate the impact...