Cost Plus World Market Has Been Sold | Check Your Gift Card Stash

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Cost Plus World Market Store Front

This news may affect the gift cards in your wallet!

We’ve been covering Bed Bath & Beyond’s plans to close roughly 20% of its stores, with 40 locations closing in the next month alone. Bed Bath & Beyond Inc. also owns buybuy Baby, Harmon Face Value, and Christmas Tree Shops. It also owns Cost Plus World Market, but is currently in the process of selling it to Kingswood Capital Management, a Los Angeles-based private equity firm.

The sale of Cost Plus World Market includes 243 brick-and-mortar locations, the store’s website, 2 distribution facilities, and a corporate office located in Alameda, California. This transaction is expected to be finalized before the end of Bed Bath & Beyond’s fiscal year in February.

bed bath & beyond gift card

Following the sale of Cost Plus World Market, the store will likely continue to operate as a stand-alone retail brand. It’s important to note that under its new ownership, Cost Plus World Market will no longer participate in gift card reciprocity with Bed Bath & Beyond and its remaining subsidiaries.

So keep that in mind if you have gift cards from either one of these retailers, and spend your gift card soon if you were planning to use a Cost Plus World Market gift card at Bed Bath & Beyond or vice versa!

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Join The Discussion

Comments 8

  1. Kruiz528

    So I can use bed bath and beyond gift cards at cost plus

    • Stacy F (Hip2Save Sidekick)

      Yes, you certainly can!

  2. Pliu0211

    Wow! Thanks for the heads up. I have about $50 in Bed Bath & Beyond gift card.

  3. Shelly

    I ♥️ World Market Have bought many beautiful pieces from there for our new 🏡

  4. Cooper929

    They also sold Christmas Tree Shops

    • sneg

      Correct! BBB will not be accepting Christmas Tree Shops gift cards at their stores or Harmon.

  5. Betsy

    They’ve closed our Cost Plus already. So sad to see that go. Went in to see if there were any closing deals and they were down to selling the fixtures- so missed the boat on that!

  6. Casey

    I love World Market. I don’t have one anywhere near me, but when I visit my out of state relatives, we always make a stop there!

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