![]() ‘Revamped’ Bed Bath & Beyond emerges from bankruptcy with online siteīed Bath & Beyond ends auction for Buybuy Baby stores after underwhelming bids Scott Freeman, who is a former pharmaceutical executive.īeloved retailer announce last day of business after going bankrupt “I thought this was going to be a six-months-plus play…I was really shocked that it went up so fast.”įreeman said that the initial $25 million stake that he bought in the company was made possible by raising money from friends and family.įreeman told FT that he has been investing alongside his uncle. “I certainly did not expect such a vicious rally upwards,” Freeman told FT. Jake Freeman owned $130 million worth of stock. Jake Freeman bought 5 million shared of Bed, Bath & Beyond. Regulatory filings reviewed by Financial Times showed that Freeman sold more than $130 million worth of stock using his TD Ameritrade and Interactive Brokers accounts. On Tuesday, the stock price soared to more than $27 a share. He owned around 6% of the company as a result of his investment. Jake Freeman, who is studying applied mathematics and economics at the University of Southern California, bought 5 million shares in Bed Bath & Beyond in July at just under $5.50 a share. The blue coupon is no more: “Gift cards, merchandise credits and Welcome Rewards+ are no longer accepted,” the company says on its website.A 20-year-old college student made $110 million by selling his stake in retailer Bed Bath & Beyond after the company’s stock price surged over a one-month period this summer - an echo of last year’s “meme stock” boom. “If you’re more flexible, waiting could save you more money, but the selection will be thinner,” Bodge says. “Mostly it’s important to not assume that just because Bed Bath & Beyond is having a liquidation sale, it doesn’t mean the price you’re seeing on any item is actually going to be the best one you can find, so be sure to check elsewhere before you make a purchase” she adds.Īnd Bodge notes that maybe some of the deepest savings may occur towards the end of the sale. Comparison shop to see if you can get what you need at a lower price, Ramhold says. Liquidation sales of this magnitude can be pretty chaotic - and the prices may be lower but not the lowest. See also: 12 Mother’s Day Gifts To Spoil Any Mom in Your Life Comparison shop, work quickly if you must have it and more slowly if you’re looking for the best deal. Do some comparison shopping to make sure you’re getting a good deal, at least, but also try to take note now of what prices look like on items you’re interested in.” Ramhold adds that while there will be some good sale opportunities, “the important thing to remember is that just because a store is going out of business, it doesn’t mean the discounts will be the best ones out there. ![]() “Because these stores carry essential items for the home and for baby care, this is a good time for shoppers to stock up on their favorites at a discount,” Bodge says. If you don’t need it, you don’t need to buy it. The Slickdeals deal seeker community has already started communicating about the store closures and I expect the forum to become more active in the coming days,” Bodge says. I would expect the discounts to be fairly deep right away, but they will likely increase as time goes on,” Bodge says.īodge also has a tip to make your shopping experience even more streamlined: “If shoppers are looking for intel, I would suggest visiting the Bed Bath & Beyond forum on Slickdeals. ![]() “This is not a time to try something new. Since items will be final sale, it’s probably best to stock up on essentials you know you like and need, according to smart shopping expert Trae Bodge of. ![]() If you want more details on the brass tacks, “you can try to ask an associate, but they’re probably getting the question a lot and it’s not the most sensitive thing to ask someone who’s essentially going to be losing their job when their store closes,” Ramhold says.Īll closing sale items are final, according to the company’s website. It’s worth checking out your local store to see what’s on sale now, she says. The timing of bankruptcy sales can often vary by location, and there’s a chance many of the best deals will be in physical Bed Bath & Beyond locations to avoid expenses like shipping fees for the closing company, says Ramhold. If you can, check out your local store now - especially if you know what you want to buy. “It’s worth watching online, but be ready to jump on any deals you find, as items are going to sell out quickly ” You can shop the Bed Bath & Beyond and Buy Buy Baby sales through these links. Beware though that this could mean hit-or-miss offers,” says Julie Ramhold, consumer analyst with. “If you aren’t near a store (or don’t want to shop in person) start looking for deals online now. If you’re shopping online, get going now. ![]()
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