![]() ![]() Of course, the void has been years in the making. But he added that retailers have a new opportunity to win new customers by "filling the void" with an improved product mix and assortment. 1 in several of the categories that Bed Bath & Beyond is best known for: kitchen and bathroom supplies, decor, storage, and bedding.Ĭonsumers will have fewer options with the demise of Bed Bath & Beyond, said Peter Greene, Numerator's Insights Practice Director for General Merchandise, in a statement. Target was the second most popular destination overall, but it landed at No. 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. Maxx stores, Walmart, and Amazon," GlobalData Managing Director Neil Saunders said in a note shared with Insider, adding that the remainder of the market share will likely be spread out across many smaller companies. "The likely winners are Target, HomeGoods, some T.J. Those shoppers' plans are aligned with new data from retail analytics firm Numerator, which found that more than two-thirds of Bed Bath & Beyond shoppers would shift their spend to Amazon, followed by Target, Walmart, and HomeGoods, a sibling company to T.J. 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. Insider visited the store last week as liquidation sales were beginning. Shopper Brandon McDonald told Insider he was a 20-year patron of his local Bed Bath & Beyond location in Wisconsin, where over the years he relied on the store for things like his wedding registry and outfitting a newly purchased home. ![]() The housewares giant plans to close its doors for the last time on June 30, at which point its market share will largely have been picked up by larger retailers who have already been nibbling away at the beleaguered company's sales. 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. ![]()
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