Friday, January 23, 2009

Congress Approves Bed Bath & Beyond Stimulus Package


WASHINGTON—In a bid to jumpstart the ailing economy and boost sales at the nation’s top domestics and home furnishings superstore, Congress voted to send Bed Bath & Beyond coupons to over 130 million American families this month.

The 20-percent off vouchers, which may be used at more than 880 Bed Bath & Beyond stores nationwide, can be redeemed for discounts on any one of hundreds of thousands of items.

“I’m very happy that the vast majority of Americans will have the opportunity to save on brand-name and private label table linens, pillow shams and picture frames,” Senate Majority Leader Harry Reid, D-Nevada, told reporters. But he expressed dismay the coupons omit a number of provisions Democrats had sought, including the ability to save on multiple items and premium brands such as Baby Planet, Margaritaville and Tommy Bahama, measures that Senate Republicans opposed.

The agreement came shortly after Treasury Secretary-designate Timothy Geithner urged Congress to move quickly to aid Americans who are struggling to purchase bed linens, patio furniture, and small household appliances.

“While many American families already receive these generous monthly discounts, we believe that the added incentive to buy items such as the Cuisinart Supreme Commercial Quality Ice Cream Maker, the Homedics Shiatsu Heated Neck Pillow, or the Ped Egg Foot File will inject millions of dollars into the economy at this very crucial juncture.”

Geithner added that if consumers find a lower price at a competitor, BB&B will meet that price. Exceptions may apply; prices only valid in the continental U.S. See store for details.

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