Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account “This could be a win-win if Etsy gets it right,” he said. Some wedding guests might not have used Etsy and they could turn into a new, long-term customer.” “With this new venture, Etsy would hope to generate incremental revenue and introduce the platform to new customers. “It is a sensible move because Etsy’s growth, while good, has slowed a little,” said Saunders. The space shrank further as mid-tier retailers that were popular destinations for affordable wedding gifts, such as JCPenney and Bed Bath and Beyond, struggled to stay alive or finally closed up shop, he said.īed Bath Beyond, which filed for bankruptcy on April 23 and has proceeded to liquidate and shut all of its stores and services such as wedding registries, had for decades been a top destination for engaged couples to set up their wedding registries.īut in recent years, the home goods chain’s lead in registries had slipped.Īccording to a 2022 report from investment firm Baird, Bed Bath and Beyond had lost ground in wedding registries to Amazon, Target and Williams-Sonoma.įor Etsy, which gained 7 million new customers in its last quarter (and has 90 million active shoppers in total on its marketplace), launching a wedding registry could help it continue to boost that number. And stores like JoAnn, The Container Store, and Big Lots are all accepting Bed Bath & Beyond coupons.ĭo you have a wedding or baby registry through Bed Bath and Beyond? We want to hear from you.Engagement ring sales are down sharply, according to America's biggest jeweler Competitors like Walmart and Target are set to gain a bigger market share of the home goods product space. As of April, the number of registries containing Bed Bath & Beyond items on the wedding-services platform Zola was down by more than half compared to last year, Bloomberg reported.Ĭrate & Barrel isn't the only company picking up the bones of the deteriorating Bed Bath & Beyond.
BED BATH WEDDING REGISTRY UPDATE
We are focused on providing updates as quickly as practicable and are working to provide details in the coming days."īed Bath & Beyond did not immediately respond to Insider's request for an update on its plans.īed Bath & Beyond's registry business was already struggling pre-bankruptcy.
"We expect to partner with an alternative platform where you will be able to transfer your data and complete your registry," the website said. In an FAQ about the bankruptcy, the company said that customers' registry data is "safe and you can still view your registry at this time." Customers who roll over will receive 20% off one item and complimentary assistance from experts to complete their registries with the same or similar items, per the website.īed Bath & Beyond filed for bankruptcy last month after closing hundreds of stores, cutting jobs, and taking other steps in recent years to shore up its finances.
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