I've come to the conclusion that every item at Bed, Bath and Beyond must be marked up 20%.
Week in and week out, my mailbox is flooded with "20% off any item in the store!" coupons from Bed, Bath and Beyond. (And I understand that it's my using them, with my mailing address printed on them, that keeps them coming.) I mean, I'm talking tons of these things. There are more of these coupons coming at me than Oreos at a fat man.
So I can only conclude that B3 is assuming everybody's going to be taking 20% off of anything they ever buy there. And thus, the prices must all come pre-marked up to account for the eventual "mark down."