Signage is displayed outside a permanently closed Bed Bath & Beyond retail store in Hawthorne, California, on May 1, 2023. Bed Bath & Beyond will live on in name only after Overstock.com won an auction for the failed home goods retailer's intellectual property and digital assets, according to court records filed early Thursday. In a rare move, Bed Bath chose to run a separate sale process for its Buy Buy Baby chain, considered the crown jewel of its assets. Buy Buy Baby assets garnered interest from buyers even before Bed Bath filed for bankruptcy in April. The auction for Buy Buy Baby's assets is slated to take place on Wednesday.

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Persons: Overstock.com, Overstock, JOWA Brands Organizations: JOWA, Bed, CNBC Locations: Hawthorne , California