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LewisBraham said:Sign of the times in retail. Stuff will probably be cheap at the stores closing as they clear out the inventory, but you won't be able to return it, and warrranties? Probably done:https://cnn.com/2023/02/01/business/bed-bath-beyond-closures-list/index.html
Sign of the times in retail. Stuff will probably be cheap at the stores closing as they clear out the inventory, but you won't be able to return it, and warrranties? Probably done:https://cnn.com/2023/02/01/business/bed-bath-beyond-closures-list/index.html
In 2012, Ron Johnson, ... the new JCPenney CEO, unveiled a sweeping overhaul of the chain. Central to the strategy was a plan to end coupons and discounts and replace them with low “everyday” prices. ...The plan backfired.Sales tanked nearly 25% in a year and the company’s stock plunged. Johnson lost his job after just 17 months and Penney quickly brought back coupons. “We did not realize how deep some of the customers were into [coupons],” an executive said at the time.
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Good article in the WSJ few days ago. Focused on the two gentlemen co-founders who are retired, 80+, and living in Florida. Apparently the franchise slipped from profit to loss very quickly - within 2 or 3 years. One wonders if “activist” investors may have been involved - just a guess.
It’s a little sad as I remember going to the mothership in NJ (back when it was merely BB) as a kid.
Why on earth is anyone buying this stock? Hoping to sell to the greater fool before the bankruptcy announcement?
As with JCP, buyers have gotten used to the idea that at BBB everything comes with a coupon. https://www.cnn.com/2022/03/05/business/coupons-history-jcpenney-macys-procter-and-gamble/index.html
We would go the extra step. We used Discover Card rebates to purchase BBB gift cards at a 20% discount. So the 20% off coupon would take a $6.25 item down to $5, which we could purchase with a gift card costing us $4.
It looks like you can't redeem cash back value for BBB gift cards any more.
Every time I have been in one, they are kinda chaotic. Stuff everywhere, too many brands and choices.
The stores we've gone into, which are newer ones, have been well organized. It varies from store to store.
With respect to having too many choices, keep that comment (which has merit) in mind when people complain about 401k's not offering brokerage windows or 100+ different fund choices.
Sometimes BBB sells models of products that are unique to BBB, adding another feature for the same price. You have to be familiar with a brand's product line to identify those products.