Posted on 09/04/2022 7:36:35 AM PDT by Blood of Tyrants
I was in the market for new kitchen knives when bbb pulled the Lindel stunt. I bought $350 set of knives directly from the manufacturer and bbb will never see another dime of my or my families money again.
Is it possible that Bed, Bath, and Beyond made THAT much money from selling My Pillows? Hard to get my mind around that concept.
But if they did, there must have been one hell of a markup in My Pillows..........
methinks after getting rid of my pillow they lost a lot of conservative customers, kinda like a boycott
I’m a fan of MyPillow, and I’d like to think that conservatives took down Bed Bath & Beyond, but the reality is that there’s little or nothing that BB&B sell that you can’t get for less money at Target or Walmart or Amazon.com. A rising tide lifts all boats, and the housing boom of the last few years has likely sustained them as the surge in demand for housing that drove prices through the roof in many areas spilled over into areas like remodeling, home improvement and home furnishings. Biden stagflation has halted this in its tracks. If you’re struggling to pay for gasoline and groceries and utility bills, the last thing you’re likely to do is go shopping for a new bedding or towels or blenders. You’ll make do with what you’ve got.
You’re not kidding. Went to Home Depot this past week for paint. White guy (aren’t they all it seems?) behind the counter was wearing a woman’s flouncy lace top, a miniskirt, and fishnet stockings with black boots. The orange apron on top. Clearly a guy no way to mistake it. Am not making this up. And it wasn’t a Halloween costume. And this store in a red state. Watch for more store closings. Corporate in Georgia has lost it. And the Founders (Bernie Marcus, Et Al.) must be throwing up in their gold toilets.
You must be a lot of fun at parties.
That’s a good point...and quite possible.
i’m sure there’s more to it then those crap pillows.
It’s another example of someone with poor analytical skills confusing causation with coincidence. Go looka t BBBY stock for the past 5 years and you’ll see it actually peaked and now has dropped back to historic levels.
These facts brought to you by the same people who have to continually point out that Target’s stock price more than tripled after the so-called “bathroom boycott”. But feel free to go on deluding yourselves if you wish.
It isn’t that shoppers couldn’t buy “My Pillows”, its that people stopped buying EVERYTHING from BB&B because they no longer shopped there.
I doubt it was the sole cause here, but maybe a tipping point. Either way, good news.
The media seem to be in some kind of collusion not to ever mention a boycott. The falling stock and closing stores are always attributed to something else. I guess they don’t want to be in the position of making the boycott worse for the store.
Could be same thing with Starbucks, claiming their customers are too unruly.
“Just read on another site that the CEO of Bed Bath & Beyond took a 18 story nosedive.”
Almost, it was the CFO.
Yep. That was pointed out to me upthread...and I agree.
My Pillow did not cause a significant amount of BB&B problems, However, turning off a non-insignificant part of the customer base while also facing changing consumer headwinds cost them dearly. Management thought business would come back after the lockdowns but it did not.
We use spending tracking software and our expenditure for BB&B were as follows from 2016 to current.
2016. 583.23
2017. 719.01
2018. 644.91
2019. 823,57
2020. 212.10
2021. 0
2022. 0
2023. 62.23. (Shower gift)
Not just MyPillows, but conservatives stopped spending their money there for all products. You can’t piss off more than half your customer base and stay in business.
CFO ...
“Yes, it was a bad business decision for BBB to drop MyPillow.”
BB&B was tanking before they dropped MyPillow. Maybe they dropped it due to poor sales.
I bought two from Costco and ended up tossing them
Confucius say: Before making a big decision one should sleep on it.
All I can say is Bwahahahahahahahaha. Go woke go broke.
I work for said company. Yes, you’re right. It started in earnest at the end of last year. New CEO and new CEO Lieutenant’s that are going to run the corporation into the ground. Right now, the average employment tenure, 2 years corporate wide. I expect that to decrease.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.