Amazon, Target set to win following demise of Bed Bath & Beyond

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business Business Headlines News

Amazon, Target, and Walmart will be the biggest winners from Bed Bath & Beyond's demise

Bed Bath & Beyond's major competitors – including Amazon, Target, and Walmart – stand to gain hundreds of millions of dollars, if not billions, in additional sales as the bankrupt retailer winds down.

Insider visited the store last week as liquidation sales were beginning. McDonald was one of three shoppers at that location who said they would find what they needed on Amazon — or just go to the Target right next door. Sixty-eight percent of shoppers in the Numerator survey named Amazon as the place where they would most likely shop for products that they currently get at Bed Bath & Beyond.

"that customers did not want." Pandemic-era supply chain difficulties proved to be another nail in the coffin as well.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines