Benzinga examined how several retailers could gain from the bankruptcy and closing of Bed Bath & Beyond, including two retailers capitalizing on the famous 20% off coupons.
The Container Store Group announced it would offer a 20% discount on any single item in its stores for customers who present “a competitor’s blue coupon,” choosing not to name its rival retailer. The offer is good through May 31 and was part of an announcement of a new collection aimed at college students by the retailer.
Big Lots Inc. announced it will honor the 20% off coupons from Bed Bath & Beyond, sharing the news in a press release. Both The Container Store and Big Lots have also seen their shares hit 52-week lows as investors worry about which specialty retailers could be next to face liquidity concerns after Bed Bath & Beyond and others have struggled.
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