"Store Closing" signs at a Buy Buy Baby store in the Brooklyn borough of New York, on Monday, Feb. 6, 2023.
While it would be unusual, Bed Bath & Beyond could still accept a bid for Buy Buy Baby early next week.
The company, a little known New Jersey-based retailer and one of Buy Buy Baby's former suppliers, agreed to buy its trademark and digital assets for $15.5 million if no higher bids arise.
As the auction process dragged on and Buy Buy Baby's inventory dwindled, so did its value.
It is not clear what Dream on Me plans to do with Buy Buy Baby if it ends up the ultimate victor.
Persons:
that's, Janie, Jack, Overstock.com
Organizations:
CNBC, Industries, Beyond's, Bed, Ankura Capital Advisors
Locations:
Brooklyn, New York, New Jersey