Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Daily Mirror
Daily Mirror
World
Liam Buckler

Buy Buy Baby liquidation closing sale set to start TODAY as 120 stores face closure

Popular retailer Buy Buy Baby has started its closing sale today after going into liquidation - with 120 stores set to close.

The beloved high street retailer, which was bought by Bed Bath & Beyond in 2007, will close all of its locations across the US after filing for bankruptcy.

The company were honouring coupons on Tuesday before the fire sale starts on Wednesday, with customers being urged to take advantage of last-minute bargains.

Bed Bath & Beyond, who have also filed for bankruptcy, has already closed five Buy Buy Baby locations so far this year.

"We have made the difficult decision to begin winding down operations," a statement reads on the retailer's website.

"Thank you to all of our loyal customers. We have made the difficult decision to begin winding down our operations. Bed Bath & Beyond and Buy Buy Baby stores remain open to serve you."

Customers will be able to grab some bargains in their final sale following planned closures of Buy Buy Baby. (Bloomberg via Getty Images)

Customers will be able to redeem any gift cards purchased until May 8 and any items bought before April 23 can be returned by May 24.

The retailer, which intends to completely shut down by June 30, will also close all of its Harmon Face Value beauty product stores.

A Bed Bath and Beyond spokesperson said: "The company has filed motions with the court seeking authority to market Bed Bath & Beyond and Buy Buy Baby as part of an auction pursuant to section 363 of the Bankruptcy Code."

However, if Bed Bath & Beyond find a buyer, Buybuy Baby could remain open if it is bought separately.

The company will be able to stop stores closing if a buyer is found.

"In the event of a successful sale, the company will pivot away from any store closings needed to implement a transaction," their statement added.

The closure comes after many retailers have struggled to stay afloat in what is being called a "retail apocalypse."

The store could be saved if a buyer is found (Bloomberg via Getty Images)

Lots of shops have struggled due to the competition online along with the affects of the pandemic.

Walmart announced last week they were closing six stores throughout the country after the company blamed poor performances as a key factor.

In addition, some shops were shut due to a rise in thefts as retail experts said high inflation and Covid are to blame.

Food Front board president Rafael Ortega told Oregon Live: "Nationwide over the course of the last five years of economic headwinds and COVID-19.

"High-level macroeconomic forces haven’t been fun on small businesses."

Sport Seasons also confirmed it was shutting in Nashville, Tennessee due to supply chain issues, inflation and other high costs.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.