SEVERAL online scams have come to the fore after a major American retailer went out of business earlier this year.
In April, the company filed for bankruptcy and shortly thereafter began liquidation sales online and in many of its physical stores.
Since then, Overstock has purchased and acquired Bed Bath & Beyond’s website and other intellectual property.
With this in mind, many scammers use fake Bed Bath & Beyond websites to swindle bargain hunters out of their money.
A victim told WHEN how they lost money trying to shop on one of these fraudulent websites.
“I saw an ad for Bed Bath & Beyond. “The sale seemed safe and I knew the company was going to close some of its stores,” they said.
“I ordered a few items and paid with my debit card. I didn’t see anything unusual on the site.
“Months later I had received neither products nor messages from them.
“I tried to look up my order and realized it’s not the correct website. So now I have no order number or information about the company.”
Although the people behind these websites often don’t reply to their victims, sometimes they say that the package was sent to another state by mistake and that buyers should contact the shipper.
Bed Bath & Beyond provided WHNT with a statement on the situation.
“With the increased attention we have received surrounding the launch of the new Bed Bath & Beyond website, scam sites are becoming more prevalent,” said CEO Jonathan Johnson.
“To protect consumers, we are working diligently with federal agencies to help shut down these fraudulent websites.”
But in the meantime, there are a few red flags buyers can watch out for to avoid being scammed.
It’s always a good idea to double-check the URL.
Scammers often use a very similar link with just one or two different characters to lure buyers.
Also, it’s best to go directly to a company’s website rather than click through to an ad.
If a buyer is scammed, it’s easier for them to get a refund if they make the purchase with a credit card rather than a debit card.
Consumers should also be on the lookout for offers that sound too good to be true.
Bed Bath & Beyond will hold another hearing on the company’s bankruptcy plan on September 12. The street reported.
Until then, it’s still technically possible for the business to turn around, but analysts think it’s unlikely.
Bed Bath & Beyond did not immediately respond to The US Sun’s request for comment.