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Mattress Tub & Past’s iconic 20% coupon is again, however there are a number of caveats as it’s not as common because it was previously.
The coupons, synonymous with the retailer, as soon as stuffed mailboxes (and glove compartments) however vanished after the debt-laden retailer shut down its shops in 2023. At this time, it’s making a comeback beneath the model’s new banner: Mattress Tub & Past Residence.
The coupon coincides with the opening of the primary Mattress Tub & Past Residence retailer in Nashville, Tennessee, beneath the mother or father firm, The Model Home Collective Previously Kirkland’s Inc., Model Home Collective is a multi-brand retail operator encompassing Kirkland’s Residence, Mattress Tub & Past Residence, Overstock, and buybuy Child.
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A closed Mattress Tub & Past retail retailer in Hawthorne, California, on Could 1, 2023. (Patrick T. Fallon/AFP through / Getty Pictures)
The opening marks the primary time Mattress Tub & Past has made its manner again to brick and mortar retailers after the corporate collapsed in 2023. Forward of the shop’s opening final week, the corporate introduced that it will be “bringing back one of its most iconic traditions, the beloved Bed Bath & Beyond coupon.”
A retailer closing signal is posted on a closed Mattress Tub and Past retailer on Feb. 8, 2023, in Larkspur, California. (Justin Sullivan / Getty Pictures)
Prospects have been inspired to herald previous coupons to the shop. Contemporary coupons have been additionally given out on the door.
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In 2023, the unique Mattress Tub & Past filed for Chapter 11 chapter and shuttered all bodily shops after contending with points reminiscent of “poor inventory management, slow adoption of online shopping trends and overreliance on coupon shopping,” based on Reuters.
That very same yr, Past Inc., which was previously Overstock.com, acquired its mental property, together with the model title and area rights.
Mattress Tub & Past purchasing carts outdoors a retailer in Nice Hill, California, on April 24, 2023. (Paul Morris/Bloomberg through / Getty Pictures)
Large Heaps and The Container Retailer briefly accepted the famed blue and white 20% off coupons in 2023 as the corporate was shutting down.
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In February, Kirkland’s Inc. finalized a $25 million funding take care of Past, the mother or father firm of Mattress Tub & Past, Overstock, Zulily and BuyBuy Child, wherein Kirkland’s grew to become the unique brick-and-mortar operator and licensee for brand spanking new, smaller format “neighborhood” Mattress Tub & Past places nationwide.
In October, when the deal was first introduced, the businesses stated they might leverage Kirkland’s retailer operations experience and its brick-and-mortar footprint to curate an “assortment of iconic legacy vendor partners.” Kirkland’s Inc. CEO Amy Sullivan stated in a press release on the time that “Kirkland’s Home has a 58-year legacy in the home decor sector, and the core strength of our brand and this organization lies in merchandising and store operations.”
Kirkland’s shareholders voted to rebrand the corporate as The Model Home Collective Inc.
