If you were one of the many people who were dismayed to hear the news that Bed Bath & Beyond had filed for bankruptcy earlier this year and would be closing its retail locations, we have an exciting update for you: The beloved retailer will live on — just in a different way than we currently know it.
On June 28, it was announced that the home retail site Overstock had acquired Bed Bath & Beyond and some of its assets in an auction and will be merging the brands to create a single online home shopping destination under the domain of Bed Bath & Beyond.
"This acquisition is a significant and transformative step for us,” Overstock CEO, Jonathan Johnson said in a press release. “Bed Bath & Beyond is an iconic consumer brand, well-known in the home retail marketplace. The combination of our winning asset-light business model and the high awareness and loyalty of the Bed Bath & Beyond brand will improve the customer experience and position the Company for accelerated market share growth.”
Within the next week, the brand says that it plans to re-launch the Bed Bath & Beyond domain in Canada, followed later by an update to the website, mobile app and loyalty program in the United States. Overstock's current loyalty program, Club O, will now be called Welcome Rewards.
Customers can expect to be able to shop the wide assortment of home furnishings that Overstock is known for, like decor, outdoor furniture, couches and more along with the kitchen, bedding and bath essentials that you would typically find at Bed Bath & Beyond. Basically, we expect it to be the ultimate home shopping destination.
The acquisition did not include any of Bed Bath & Beyond's brick-and-mortar stores. Many of the retailer's leases have been auctioned off to companies like Burlington Coat Factory, Micheal's and more.
"Combining the strengths of the Overstock operational model and the Bed Bath & Beyond brand will create a powerful synergy,” Johnson said. “I’m excited for consumers to experience the new Bed Bath and an even bigger and better Beyond.”
Since Bed Bath & Beyond's was known for giving out coupons and hosting big deal events and Overstock is constantly having big sales, we imagine that there will be plenty of deals to be had from the new iteration of the brand. Speaking of which, Overstock is currently having a Fourth of July Clearance event and more than one million items are marked down. So below, we're sharing some of the deals that we are planning on adding to our carts while we wait to find out more about the new (and quite possibly improved) Bed Bath & Beyond.
Overstock deals
Becky Cameron Ultra-Soft Deep Pocket Microfiber 4-Piece Bed Sheet Set
"These sheets are so soft, cool and comfortable," wrote one of the many shoppers who gave these sheets a five-star rating. "I love, love, love the large corner pockets so I don't have to fight with the fitted sheet!"
Deconovo Corduroy Throw Pillow Covers
If you're looking for an easy way to switch up your space, try swapping your old throw pillow covers out for some fun and colorful new ones, like these. They come in multiple colors and are designed to be machine washable for easy cleaning.
Veradek Pure Series Kona Modern Round Planter
Shoppers love this planter, which has nearly a five-star average rating. Customers say that it's "modern," "sturdy" and perfect for both indoor and outdoor use.
Artistic Weavers Alf Machine Washable Plush Area Rug
Speaking of easy cleaning, rugs are notoriously hard to keep tidy, as deep cleaning them often requires that you have special detergents and tools that not everyone has at home. However, this area rug can be thrown in the washing machine, the brand says. And not only that, but its also on sale in all of its sizes right now.
Southshore Fine Linens Oversized Solid 3-piece Quilt Set
Upgrade your bedding for the season with this set. According to the brand, it's lightweight enough to use year-round. Plus, it comes in multiple colors and sizes, many of which are on sale for as little as $40.
Sango Siterra Artist's Blend 16-Piece Stoneware Dinnerware Set
While this artfully crafted stoneware dinner set is normally $142, you can get it now for less than $60. Perfect for summer dinner parties, the bowls and plates are glazed with complementary colors in neutral and warm tones and finished with "one-of-a-kind" speckling. And while they're pretty enough to look like they require delicate care, the brand says that they're dishwasher and microwave safe.
St. Kitts 8-foot Crank-and-Tilt Patio Umbrella
You can enjoy your backyard while still staying shaded and protected from the sun with this patio umbrella. According to the brand, it has a vented and UV-resistant top and is water-resistant for increased durability. Plus, you can adjust the tilt to shift your shade as the sun moves.
Christopher Knight Home Harney Artificial Tabletop Ficus Tree
No green thumb? This bright artificial ficus tree requires no care, so it's not a problem! With its twisted trunk and glossy leaves, shoppers say it "looks like the real thing."
Flash Furniture 5-Piece Outdoor Dining Set
It's not too late to complete your outdoor setup with some new seating options. This 5-piece dining set will inspire you to host plenty of backyard wine nights and dinner parties. Plus, the chairs are designed to be stackable so you can store them away once the cold weather creeps in.
Lucid Comfort Collection 8-inch Gel Memory Foam Mattress
Need a new mattress? Right now is a great time to get one, because plenty of retailers are marking them down as a part of their Fourth of July sales, including Overstock. Available in both plush and firm options, this mattress is said to combine cushioned gel foam with a supportive base layer.
