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Bed Bath & Beyond finally redeems old coupons

Wall Street Journal US Business •
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Mary Tierney, a part‑time law‑firm administrator in Redding, Massachusetts, kept 125 expired coupons for Bed Bath & Beyond tucked in a closet. Each promised 20% off, and the oldest dates back to 2007. She claimed no other retailer matched its breadth, deepening her attachment.

The retailer, emerging from Chapter 11, announced a limited‑time program to honor all pre‑bankruptcy coupons, regardless of expiration. By accepting the 125 coupons, the company aims to rebuild goodwill among former shoppers and mitigate residual liability on its balance sheet. The policy also clears outstanding liabilities that might surface in future audits.

For investors, the redemption underscores how legacy promotions can become a small but measurable expense in restructuring. Retailers that honor such promises may preserve brand equity, while competitors risk alienating a niche of nostalgic consumers. Such gestures can translate into modest sales bumps during clearance events.