Bed Bath & Beyond is cutting back on its famous 20% coupons

Johnny Lopez
October 31, 2020 - 9:00 am

Hold on to those coupons in your mailbox!

Bed Bath & Beyond has announced they will be scaling back on distributing their iconic coupons to try and boost profits amid the ongoing pandemic, reported CNBC.

The home goods retailer’s famous blue and white coupon cards/flyers have become a staple of shoppers looking to get 15% to 20% off the chain’s merchandise.

While there may not be as many coupons circulating, the company doesn’t plan to phase them out completely.

"Coupons are part of our DNA and will continue to be a key part of the mix in the future, but we also know that many of our shoppers want to save in different ways,” Bed Bath & Beyond Chief Brand Officer Cindy Davis told ABC News.

“We’ve made our everyday price as competitive as possible and introduced dynamic pricing and data-informed promotions so customers get a great deal, with or without the coupon, on the items they love," she added.

Customers will still be able to save by joining Bed Bath & Beyond’s loyalty program which offers members 20% off anytime they make a purchase. Other perks include advance previews of holiday sales and free standard shipping.

The coupon news comes just months after the company revealed they would be closing 200 stores over the course of the next two years.

The retail chain, which also owns Buybuy Baby, Christmas Tree Shops, Harmon Face Value, and World Market, will close mostly its namesake stores. Closures will begin later in 2020, though, it’s unclear which stores will be affected.

As of May 31, the company had a total of 1,478 stores, including 955 Bed Bath & Beyond locations.

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