Posted on 08/31/2022 5:03:01 PM PDT by bitt
“Go woke, go broke” is the slogan that keeps on giving. The latest installment of woke, politically active retailers now facing financial ruin in the form of shuttering stores and mass layoffs is none other than conservative-hating Bed Bath & Beyond.
According to CNBC, the retailer announced this week that it will close down 150 namesake stores, as well as plans to hand out pink slips to a whopping 20% of its workforce, mostly in the supply chain and corporate sectors of the business. The moves were announced ahead of an expected investor update on Wednesday in the company’s seemingly desperate bid to stay afloat.
As you’ll recall, BBB made headlines in early 2021 after it was confirmed by MyPillow CEO Mike Lindell that the retailer had canceled his legendary MyPillow line at the same time he was involved with conservative activism on behalf of former President Donald Trump, specifically working on issues related to election fraud claims.
At the time, Business Insider reported:
Bed Bath & Beyond has cut ties with My Pillow, the pillow manufacturing company founded by Trump supporter Mike Lindell, the retailer confirmed to Insider.
Lindell first reported the retailer axing his products, telling a Fox News affiliate and right-wing media outlet RSBN about stores dropping the brand. In the interviews, Lindell attributed the retailer’s decision to social media pressure led by “leftist groups.”
“They’re trying to cancel companies now,” he told RSBN.
The move to cancel MyPillow from being sold in Bed Bath & Beyond stores was significant because, at the time, it was the largest national retailer that stocked Lindell’s famous pillow and bed products. Lindell took the decision in stride and would eventually receive significant support from countless high-profile conservative influencers, which undoubtedly kept his brand alive and thriving.
(Excerpt) Read more at pjmedia.com ...
Good.
BB&B had issues long before the My Pillow debacle.
Bed Bath & Buried
She will never set foot in a Bed, Bath & Beyond again.
Damn commies!
BooHoo
always overpriced, too
I mean, how many pillows does anyone really need??
Same bastards who gave a million bucks to blm and then bragged about it to its customer lists
That was the end of that. Canceled and told them why
They made their “issues” worse by alienating half their customers
BB&B was in a decline before 2021 due to bad management and COVID.
I loved BBB. Annual trip to pick up new and replacement items for the house.
Not happy about just cancelling MyPillow.
But frankly, after all that COVID hysteria, which they undoubtedly fell for, it’s not shocking when many businesses lose traction and peter out. I doubt it’s simply because of MyPillow. Wishful thinking.
Sometimes, you have to use the tried and true Hard Sell methods. Pride goeth before bankruptcy.
Bed Bath and Beyond went out of business because you could by any product sold there at Target, or Walmart for half the price, or less. (Or online).
They have been well overpriced for almost two decades.
That business model won’t work “Woke” or not.
IOW, yeah, MyPillow is very limited product even now, and there is no way that sank it. They have much more at BBB than sheets, pillows and slippers. Think, people.
They have great wind chimes. Big tuned ones
I now own 5 MyPillows in various sizes and configs since then.
Not a great store. Buh bye. I think I need some sheets...nice ones...hmmmm...My Pillow. And slippers....
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