Bed Bath & Beyond announced the return of the Big-Deal Baby Sale at its buybuy Baby banner.
Discounts offered as part of the promotion include:
- Up to 20% off select feeding
- Up to 20% off select furniture, bedding & decor
- Up to 20% off select strollers & travel systems
- Up to 20% off select car seats
- Up to 25% off select toys
- Up to 30% off select monitors
- Up to 50% off select clothing & accessories
“We’re thrilled to bring back the Big-Deal Baby Sale with even more ways for our customers to unlock value,” says Patty Wu, buybuy Baby svp and general manager. “Whether customers are shopping for their family, completing a registry, or looking for a baby shower gift, there will be a huge selection of items to choose from at affordable prices.”
Besides the promotion announcement, Bed Bath & Beyond also revealed that it had revised and expanded its asset-based revolving credit facility, increasing the company’s capacity from $850 million to $1 billion with improvements to borrowing terms and financial covenants. Among other things, Bed Bath & Beyond noted that the ABL facility amendment reflected an improved cost structure and extends the original expiration date of 2023 to 2026.
In the first quarter, Bed, Bath & Beyond posted a net loss $50.9 million, or 48 cents per diluted share, versus $302.3 million, or $2.44 per diluted share, in the year-prior period, but adjusted earnings were $4.9 million, or five cents per diluted share, versus an adjusted loss of $242.8 million, or $1.96 per diluted share in the year-earlier quarter. Net sales were $1.95 billion versus $1.31 billion in the year-before quarter, while comparable sales increased 86% in the period year over year as Bed Bath & Beyond reopened stores closed during the COVID-19 pandemic.
Bed Bath & Beyond opened its new New York flagship on July 22.
