Buybuy Baby to Close All Stores and Shift to Online-Only Model
The retailer's strategic reset follows its parent company's bankruptcy and aims to enhance the digital shopping experience.
- Buybuy Baby will close its remaining 10 physical stores by the end of 2024, transitioning to a digital-first brand.
- The decision comes after Bed Bath & Beyond, Buybuy Baby's former parent company, filed for bankruptcy in April 2023.
- Dream on Me Industries acquired Buybuy Baby's intellectual property and some leases, prompting a strategic shift to online sales.
- Significant in-store discounts are being offered until closure, with gift cards honored in-store until October 31 and online thereafter.
- The company emphasizes customer feedback as a key driver in its move to focus on providing an exceptional online shopping experience.