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From Home Furnishing Business
Bed Bath & Beyond’s Bankruptcy Will Benefit Competitors
April 24,
2023 by HFBusiness Staff in Business Strategy, Industry 
The buzz over the weekend was all about the bankruptcy of Bed, Bath & Beyond. There was much financial speculation and maneuvering on behalf of the former home goods destination in an effort to avoid the declaration in the months leading up to the announcement.
However, their website tells the tale with the statement, “Thank you to all of our loyal customers; We have made the difficult decision to begin winding down operations; Bed Bath & Beyond stores remain open to serve you.”
According to an article on Yahoo! Finance by their Executive Editor, Brian Sozzi, and according to Bank of America retail analyst Curtis Nagle, “(the) bust could open the door for two e-commerce competitors to clean up additional sales.”
"We would expect revenue from the Bed Bath & Beyond wind-down to be relatively widely dispersed to the largest competitors in the market like Walmart, Amazon, Target, Wayfair and Williams-Sonoma," Nagle explained in a client note on Monday.
"Revenue may also shift more towards brick-and-mortar stores given that 75% of industry sales are offline. However, we believe that Wayfair and Overstock could see a degree of revenue upside from the Bed Bath & Beyond bankruptcy."
The article also cited Nagle saying that for every 5% of revenue that leaves Bed Bath & Beyond, it could be calculated that Wayfair's sales could increase by 2% as it gains those customers.
Similarly, Nagle say that as for Overstock, for every 1% of Bed Bath & Beyond revenue that vanishes, Overstock sales could increase by 3% as it also sees an influx of new customers.
Bed Bath & Beyond was slated for about $6 billion in sales in 2023, according to Wall Street estimates.