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(Marketwatch)   "Bed Bath & Beyond says has been 'working expeditiously' for weeks to strengthen balance sheet." Oh, so NOW it decides to get serious about staying afloat?   (marketwatch.com) divider line
    More: Facepalm, U.S. Securities and Exchange Commission, Bed Bath & Beyond, Security, meme stock, Sales, Bed Bath, Ryan Cohen's RC Ventures, Stock market  
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170 clicks; posted to Business » on 18 Aug 2022 at 11:20 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-08-18 10:41:21 AM  
 
2022-08-18 10:42:37 AM  
Sure, a lot of people lost their jobs, but for a little while the CEO's balance sheet was just a little bit higher.
 
2022-08-18 11:29:01 AM  
Had not been in the local BBB for a year.  Hadn't needed anything from there until now.
Wow.  They had nothing that met the needs.  Used to have a store full of items, wide variety, all seemingly high quality.  Not now.  Priced like it's quality, but it's not.  Color selections on linen was blander than a country club jazz combo.
BBB is unlocking the Beyond level.
 
2022-08-18 11:29:33 AM  
Get rid of the 50% off coupons and just sell shiat at normal prices to begin with.
 
2022-08-18 11:38:58 AM  

scotchcrotch: Get rid of the 50% off coupons and just sell shiat at normal prices to begin with.


So much this. I always felt like I needed a coupon to even walk in the door, and then I'd only buy one thing since the coupon only applies to one item. How can they not have figured out how dumb their coupon system is?
 
2022-08-18 11:46:40 AM  

Russ1642: scotchcrotch: Get rid of the 50% off coupons and just sell shiat at normal prices to begin with.

So much this. I always felt like I needed a coupon to even walk in the door, and then I'd only buy one thing since the coupon only applies to one item. How can they not have figured out how dumb their coupon system is?


JC Penney tried that approach. They got rid of sales and just lowered prices, but nobody went because they never had sales.
 
2022-08-18 11:55:41 AM  

NeoCortex42: Russ1642: scotchcrotch: Get rid of the 50% off coupons and just sell shiat at normal prices to begin with.

So much this. I always felt like I needed a coupon to even walk in the door, and then I'd only buy one thing since the coupon only applies to one item. How can they not have figured out how dumb their coupon system is?

JC Penney tried that approach. They got rid of sales and just lowered prices, but nobody went because they never had sales.


Of course you still need to have decent stuff and decent prices.
 
2022-08-18 11:56:32 AM  

NeoCortex42: Russ1642: scotchcrotch: Get rid of the 50% off coupons and just sell shiat at normal prices to begin with.

So much this. I always felt like I needed a coupon to even walk in the door, and then I'd only buy one thing since the coupon only applies to one item. How can they not have figured out how dumb their coupon system is?

JC Penney tried that approach. They got rid of sales and just lowered prices, but nobody went because they never had sales.


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2022-08-18 12:19:02 PM  
cryptoholics.comView Full Size
 
2022-08-18 12:22:14 PM  

NeoCortex42: Russ1642: scotchcrotch: Get rid of the 50% off coupons and just sell shiat at normal prices to begin with.

So much this. I always felt like I needed a coupon to even walk in the door, and then I'd only buy one thing since the coupon only applies to one item. How can they not have figured out how dumb their coupon system is?

JC Penney tried that approach. They got rid of sales and just lowered prices, but nobody went because they never had sales.


Walmart tried that approach. They got rid of sales and just lowered prices, and became the largest retailer in the history of the United States.
 
2022-08-18 12:27:04 PM  

CrosswordWithAPen: Had not been in the local BBB for a year.  Hadn't needed anything from there until now.
Wow.  They had nothing that met the needs.  Used to have a store full of items, wide variety, all seemingly high quality.  Not now.  Priced like it's quality, but it's not.  Color selections on linen was blander than a country club jazz combo.
BBB is unlocking the Beyond level.


Agreed, overpriced "as seen on tv" crap.  Then they play that stupid coupon strategy where you know they raised prices just enough to cover the 20% discount everybody gets anyway.
 
2022-08-18 12:30:22 PM  

Alien Robot: NeoCortex42: Russ1642: scotchcrotch: Get rid of the 50% off coupons and just sell shiat at normal prices to begin with.

So much this. I always felt like I needed a coupon to even walk in the door, and then I'd only buy one thing since the coupon only applies to one item. How can they not have figured out how dumb their coupon system is?

JC Penney tried that approach. They got rid of sales and just lowered prices, but nobody went because they never had sales.

Walmart tried that approach. They got rid of sales and just lowered prices, and became the largest retailer in the history of the United States.


JCPenney tried the "get rid of sales and just lower prices" strategy. It backfired spectacularly. Their customers were so used to see inflated prices and receiving coupons to lower the prices, that they didn't comprehend JCP's new lower pricing, no coupon strategy. JCP ended up firing their CEO due to sales cratering.
 
2022-08-18 12:49:37 PM  
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2022-08-18 12:51:36 PM  
Oh, I have a 50% off coupon for balance sheets!
 
2022-08-18 12:53:19 PM  

Alien Robot: NeoCortex42: Russ1642: scotchcrotch: Get rid of the 50% off coupons and just sell shiat at normal prices to begin with.

So much this. I always felt like I needed a coupon to even walk in the door, and then I'd only buy one thing since the coupon only applies to one item. How can they not have figured out how dumb their coupon system is?

JC Penney tried that approach. They got rid of sales and just lowered prices, but nobody went because they never had sales.

Walmart tried that approach. They got rid of sales and just lowered prices, and became the largest retailer in the history of the United States.


Different branding. Wal-Mart was always "stuff that's just barely good enough for cheap prices".  JC Penney was known for good quality that was a "bargain" when on sale.

It's all about expectations.
 
2022-08-18 1:00:33 PM  

NeoCortex42: Alien Robot: NeoCortex42: Russ1642: scotchcrotch: Get rid of the 50% off coupons and just sell shiat at normal prices to begin with.

So much this. I always felt like I needed a coupon to even walk in the door, and then I'd only buy one thing since the coupon only applies to one item. How can they not have figured out how dumb their coupon system is?

JC Penney tried that approach. They got rid of sales and just lowered prices, but nobody went because they never had sales.

Walmart tried that approach. They got rid of sales and just lowered prices, and became the largest retailer in the history of the United States.

Different branding. Wal-Mart was always "stuff that's just barely good enough for cheap prices".  JC Penney was known for good quality that was a "bargain" when on sale.

It's all about expectations.


There's also customer service. When you're talking about Walmart you've got a big parking lot, someone greets you at the door, there's a big selection of stuff from groceries to bicycles, they've got long hours, in-store services like clinics and McDonalds, great return policy/warranty. And people wonder why their mom & pop store with its crappy selection and 'all sales are final' policy can't compete. I'm not saying that Walmart is the best shopping experience around, but there's a reason it got so farking big.
 
2022-08-18 1:13:21 PM  

NeoCortex42: Alien Robot: NeoCortex42: Russ1642: scotchcrotch: Get rid of the 50% off coupons and just sell shiat at normal prices to begin with.

So much this. I always felt like I needed a coupon to even walk in the door, and then I'd only buy one thing since the coupon only applies to one item. How can they not have figured out how dumb their coupon system is?

JC Penney tried that approach. They got rid of sales and just lowered prices, but nobody went because they never had sales.

Walmart tried that approach. They got rid of sales and just lowered prices, and became the largest retailer in the history of the United States.

Different branding. Wal-Mart was always "stuff that's just barely good enough for cheap prices".  JC Penney was known for good quality that was a "bargain" when on sale.

It's all about expectations.


To be fair, JC Penney sales continued to crater and they declared bankruptcy a few years ago. As the middle class has shrank, so has JC Penney's sales. All mall stores are in bad shape.

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2022-08-18 3:03:05 PM  
NeoCortex42:

JC Penney tried that approach. They got rid of sales and just lowered prices, but nobody went because they never had sales.

They also, just like BBB did, dumped all their well known and liked product lines and replacing everything with crap that the buyers thought was 'in and trendy'. Guess what? That turned away all the loyal shoppers and failed to bring in new ones.
/Too many changes, too fast
 
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