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I purchased the cards for my parents, and at the cards were never to expire. CNN Sans ™ & © 2016 Cable News Network.I recently bought 2 gift cards for $550.00 at CVS Pharmacy. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates.

Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Around 79% of Bed Bath & Beyond stores are within a 10 minute drive of a Walmart and 77% of stores have a Target within 10 minutes, Lasser said. Target, Walmart, Costco and other chains stand to benefit even more from Bed Bath & Beyond’s challenges and store closures. The company’s famous blue coupons also proved less effective as online shopping became more popular and customers could easily compare prices. They were too concerned around not trying to jeopardize the cash cow of stores,” said Michael Lasser, a retail analyst at UBS. “Bed Bath & Beyond was slow to change with the evolving environment. Last month, Bed Bath & Beyond also announced it will close 150 stores and secured $500 million in new financing to help pay suppliers and finance other expenses.Īnalysts say it may be too late for Bed Bath & Beyond to right itself and remain competitive with such larger retailers as Amazon “They want variety, they want value and they want coupons.” “Our customers are anxious to get back in our stores,” Gove said. The company has announced other strategies to try to win back shoppers, including a new rewards program, improved mobile app and new visual displays in stores. “Over the summer, we jump-started the rebalancing of our inventory away from owned brands and resolving the broken stock across our national brands,” Gove said Thursday. That strategy was successful at Target, but it turned off brand-loyal customers at Bed Bath & Beyond who wanted big-name brands. This is a reversal from a previous push, implemented under Tritton, to stock more of the retailer’s own brands. Sales dropped last quarter because Bed Bath & Beyond has been offering too much merchandise that customers don’t want and was out of stock on items in higher demand, according to the company.īed Bath & Beyond is adjusting its inventory by eliminating one-third of its own brands and adding well-known brands and new direct-to-consumer brands back into the mix.

Gove replaced previous CEO Mark Tritton in June. “Our overall results are not acceptable nor demonstrative of our potential,” Sue Gove, the retailer’s interim CEO, said on an earnings call Thursday. Christmas decorations sit on display for sale in a Costco warehouse on Monday, Aug.