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Bed Bath and Beyond files for bankruptcy

nytimes.com

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Re: Bed Bath and Beyond files for bankruptcy

#231

Post by bombcar »

Entinel wrote: post #185
bearjaws wrote: post #31

This is a huge loss IMO, buying kitchen supplies and bedding on Amazon is complete shit. Target isn't much better due to lack of variety and types of bedding. I've bought the same bed sheets for 5+ years, a few months ago I bought new ones since some bleach got spilt on one set, it comes in and I could tell immediately the quality was far worse. One wash later, its ripping & fraying. Thankfully I could return them. S…

Target is much better than Amazon They may not have the wide variety you want but what they do have is good enough for the price.

Just be sure to scan the in store barcode and make sure it’s not cheaper on target.com; it often is and they you have to ask for a price adjustment after purchase.

Re: Bed Bath and Beyond files for bankruptcy

#232

Post by bombcar »

Encrypt-Keeper wrote: post #106
mosdl wrote: post #36

Earlier quoted context omitted.

Agreed, you basically now only have discounters who sell in store small appliances/kitchen supplies. It must not be profitable enough since there are really no other stores in that market other then BBB.

Not sure what you mean, most if not all department stores today sell small kitchen appliances and supplies. From Target and Walmart to Macys

Best Buy (!!!) has great deals on appliances especially clearance.

Re: Bed Bath and Beyond files for bankruptcy

#233

Post by bombcar »

wobbly_bush wrote: post #195
darkhelmet wrote: post #182

Earlier quoted context omitted.

It's not just BBB. This description could apply to a good number of chain stores these days. There are exceptions but this seems to be an increasing trend. There are ghost town stores everywhere you look. If I make a trip to (for example) Target, it feels nothing like Target of 20 years ago. The chances are good that they don't have what I hoped to find there. I'm getting used to being regularly disappointed and am l…

> If I make a trip to (for example) Target, it feels nothing like Target of 20 years ago. I'm curious how did Target feel like 20 years ago?

They didn’t have groceries and they weren’t quite as “upscale” and were busier, if I remember correctly. But I don’t mind them much. Except for pricing stupidity.

Also toys are much bigger now because Toys R Us died.

Re: Bed Bath and Beyond files for bankruptcy

#234

Post by [deleted] »

BaseballPhysics wrote: post #75
gizmo wrote: post #15

Earlier quoted context omitted.

Bed Bath followed the email scammer strategy of making their scam so obvious only the most financially illiterate people could fall for it. Hard to pull of, but once you've got an investor base that's willing to believe anything you can dilute them repeatedly and they'll still believe it's 5D chess.

Eh, frankly, I think that does a disservice to the people buying the stock. Were a bunch of people buying into the meme stock hype? Sure. Does that make them financially illiterate? Well, the folks who bought Hertz sure look pretty damn smart in hindsight even though at the time they were being described in similar ways, so... who's to say if they are illiterate or just have a different view of value and risk?

[deleted]

Re: Bed Bath and Beyond files for bankruptcy

#235

Post by twelve40 »

bumby wrote: post #211
kevinventullo wrote: post #191

Earlier quoted context omitted.

Are you sure? Housing prices in my small Midwest hometown have risen by something like 1%/yr on average for the last 30 years.

Just curious, what's the population growth been like? If it's been declining, why would we expect housing prices to go up at all?

it's almost never a simple function of population. One example: between 2010 and 2020 population of Latvia dropped by about 10% while the house prices have doubled.

Re: Bed Bath and Beyond files for bankruptcy

#236

Post by tpmx »

jedberg wrote: post #203
tpmx wrote: post #179

Earlier quoted context omitted.

Sona (Conan) is going to miss them. Sorry in advance for the niche reference.

I feel like the Venn diagram of HN users and Conan podcast listeners is nearly overlapping circles. :)

Yeah, amongst us old people over the age of, say, 35 :)

Re: Bed Bath and Beyond files for bankruptcy

#237

Post by bombcar »

sokoloff wrote: post #44
AlbertCory wrote: post #20

Someday, all those 20% off coupons they mailed out will be as quaint a collector's item as the America Online CD's.

I've still got a bag with about 4 or 5 CueCats in it.

I’ll go one better - I have live still open RadioShack nearby!

Re: Bed Bath and Beyond files for bankruptcy

#238

Post by treeman79 »

netrus wrote: post #196
treeman79 wrote: post #85

Earlier quoted context omitted.

If one spouse stays home, it’s not much more to have multiple from a day to day perspective. If you put in the effort to teach kids to manage age appropriate chores, the workload can be kept sane.

Having one spouse at home is a tremendously expensive form of child care, from an economists point of view. But the cost is mostly flat with the number of children, that's true for sure.

Not really. Lower tax rates for remaining spouse. Huge reduction in food expenses from having time to cook at home.

Cost of childcare for even 1 child is huge. Unless spouse is making major money, it just isn’t worth it from a money standpoint.

Re: Bed Bath and Beyond files for bankruptcy

#239

Post by bombcar »

ghaff wrote: post #66
jjeaff wrote: post #39

Earlier quoted context omitted.

The standard practice for store liquidation is to raise all prices to full MSRP, then start out with a 20% or so storewide discount. Then you start discounting incrementally as products sell off.

The companies that run liquidations know what they're doing. While there's still a lot of stock in the store, the "bargains" that people rush in to get mostly aren't. And, by the time there are genuine bargains, things have been pretty picked over and I also suspect a lot of people buy bargains at that point that they don't need and wouldn't otherwise get.

Exactly. The best bargains I’ve gotten at actual liquidations (not store closings which are often manned by the store itself and not a liquidator) have been the things nobody knew how to price. Like buying the displays or similar.
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