DIRS.INFO The most relevant business & tech news

☆ BuyBuy Baby is closing all of its stores – again
▼ + stars: | 2024-10-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —BuyBuy Baby is once again saying goodbye to its stores less than a year after the bankrupt retailer tried to reopen some locations under a new parent. Baby registries will also remain available on BuyBuy Baby’s website, as well as the usage of gift cards. The brick-and-mortar resurrection of BuyBuy Baby, which once had as many as 120 locations across the United States, lasted less than 12 months. However, BuyBuy Baby dealt with a hesitant consumer, squeezed both by inflationary pressures and larger rivals, like Amazon and Target, that have a tight grip on the sector. Perhaps in an ironic twist, former sister brand Bed Bath & Beyond announced last week it was returning to stores, albeit in a partnership with former rival the Container Store.

Persons: BuyBuy Baby, “, Baby Organizations: New, New York CNN, Bed, Industries, Container, & $ Locations: New York, United States, New Jersey

☆ Buybuy Baby Comeback Bets Expectant Parents Want to Shop in Stores
▼ + stars: | 2023-11-27 | by ( Kate King | ) www.wsj.com time to read: 1 min

Baby-products retailer Buybuy Baby plans to open over 100 new U.S. stores in the next three years. Photo: Kate King/The Wall Street JournalWEST HARTFORD, Conn.—The new owners of Buybuy Baby recently reopened 11 stores, betting that many expectant parents still prefer to shop for strollers, cribs and car seats in person. Those stores had been closed for roughly three months after former parent company Bed Bath & Beyond’s bankruptcy. The baby-products retailer plans to open more than 100 new U.S. stores over the next three years, the company said, and eventually expand internationally. That number would put the company’s store footprint on par with where it was before the chapter 11 filing.

Persons: Kate King, —, Buybuy Organizations: Street, WEST HARTFORD, Bed Locations: Conn

☆ Empty Bed Bath & Beyond stores are hot real estate. Here’s who’s moving in
▼ + stars: | 2023-11-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

(Overstock.com bought Bed Bed & Beyond’s brand out of bankruptcy and has relaunched it online, complete with the 20% coupons.) Burlington, Michaels, Barnes & Noble, Ollie’s Bargain Outlet, Macy’s, HomeGoods and other chains have replaced old Bed Bath & Beyond stores. The majority of Bed Bath & Beyond’s stores are in the suburbs of mid-size and large cities, and are under 50,000 square feet. Bed Bath & Beyond spaces have been grabbed up swiftly at rents of up to 50% what Bed Bath & Beyond was paying, according to commercial real estate investment firm CBRE. Kimco Realty, a real estate owner with 26 former Bed Bath & Beyond leases, said that new leases were 38% higher than Bed Bath & Beyond rents.

Persons: Michael O’Sullivan, Barnes, Noble, hasn’t, Warby Parker, Brandon Isner, CBRE’s, ”, TJ Maxx, REI Organizations: New, New York CNN, Sears, Circuit, Kmart, Burlington, Bed, Kimco, Sports Authority Locations: New York, Burlington, . Burlington, Michaels, Kimco, HomeGoods

☆ SEC probing Ryan Cohen's ownership, sale of Bed Bath & Beyond shares - WSJ
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

Shoppers leave a Bed Bath & Beyond store, after the company declared bankruptcy, in Danvers, Massachusetts, U.S., April 24, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsSept 7 (Reuters) - The U.S. Securities and Exchange Commission (SEC) is investigating billionaire Ryan Cohen's ownership and surprise sale of Bed Bath & Beyond shares, the Wall Street Journal reported on Thursday. Bed Bath & Beyond and the SEC did not immediately respond to Reuters' requests for comment. Cohen could not be immediately reached for comment. In April, Bed Bath & Beyond filed for Chapter 11 bankruptcy.

Persons: Brian Snyder, Ryan Cohen's, Cohen, Granth, Sriraj Organizations: Shoppers, REUTERS, U.S . Securities, Exchange Commission, Bed, Wall Street, SEC, GameStop, Thomson Locations: Danvers , Massachusetts, U.S, Bed Bath, Bengaluru

☆ Custom art, air purifiers and TikTok: College spending boom could booster retailers' sales this fall
▼ + stars: | 2023-08-10 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

Eros Hoagland | Getty ImagesOver the past few years, Alicia Browne has noticed a change in what college students haul out of cars on move-in days at the University of Alabama. A growing pie — and market share up for grabsAs college spending is poised to grow, retailers have another reason to vie for students' dollars. Jakub Porzycki | Nurphoto | Getty ImagesIt is difficult to estimate how much college market share Bed Bath had in total. Shipt, the Target-owned delivery service, and Walmart have both tried to attract more college students to their membership programs by offering a special discounted price. She said the company's growth has been fueled by college students who want uniquely decorated rooms that reflect their personalities.

Persons: Eros Hoagland, Alicia Browne, Keurig coffeemakers, decorators, Browne, Prosper, Browne chalks, " Browne, Marshal Cohen, Jakub Porzycki, Harmon, Cristina Fernandez, Sonoma, TikTok, Dormify, Amanda Zuckerman, Zuckerman, Kate Reppeto, Callie Weathers Kate Reppeto, Repetto, she's, Anna Emblom Organizations: University of North, Hill, University of Alabama, College, National Retail Federation, IRI, NPD, Target, Walmart, Consulting, Deloitte, Nurphoto, Goods, Ikea, Telsey Advisory, Williams, Hamptons, Madison, University of Mississippi, Eagle Locations: University of North Carolina, Chapel Hill , North Carolina, Kohl's, Bath, Bed, Williston , Vermont, New York City, Madison Ave, Oxford, Miss, Southlake, Dallas, Fort Worth in Texas, Birmingham, Ala

☆ Babies R Us makes a comeback with new US flagship store
▼ + stars: | 2023-07-18 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

CNN —First came Toys R Us’ roller coaster revival, and now Babies R Us is experiencing its own rebirth, too. Babies R Us, which went out of business in tandem with its parent company, Toys R Us, in 2018, is opening its new US flagship store on Wednesday at the American Dream Mall in New Jersey. Tru Kids had bought Toys R Us (which also owned Babies R Us) in a 2018 liquidation sale and had attempted to resurrect the toy store chain, opening two locations in New Jersey and Texas in late 2019. It opened a new 20,000 square foot Toys R Us flagship store, also at the American Dream Mall, in December 2021. He said Babies R Us’ comeback will “mimic” that of Toys R Us: “Expect the same ambitious rollout,” said Shmidman, adding that WHP is looking at taking Babies R Us nationwide with a similar partnership to Macy’s-Toys R Us.

Persons: CNN —, Yehuda Shmidman, ”, Jarrett Birnbaum, reemergence, –, Shmidman, “ Organizations: CNN, US, WHP, Tru, Macy’s, Bed Locations: New Jersey, Texas

☆ Buybuy Baby stores to close amid Bed Bath & Beyond's ongoing bankruptcy liquidation
▼ + stars: | 2023-07-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —Buybuy Baby will close all of its stores as part of its parent company Bed Bath & Beyond’s ongoing bankruptcy liquidation. The deal did not include the chain’s 120 physical retail stores. Bed Bath & Beyond’s brand name, domain and loyalty program assets were purchased by Overstock.com for $21 million last month after filing for bankruptcy in April. The acquisition also did not include Bed Bath & Beyond’s brick-and-mortar stores, which have closed. In a March 2022 letter, former Bed Bath & Beyond activist investor Ryan Cohen said he believed Buybuy Baby was “much more valuable than the Company’s entire market capitalization today.”

Persons: Janie, Jack, Ryan Cohen, ” Organizations: CNN, Bed, CNBC, Sixth Street Partners, Go, Overstock.com, Beyond, & $ Locations: New Jersey, Bath

☆ Bed Bath & Beyond poised to join the list of 'zombie brands' like Radio Shack and Toys R Us
▼ + stars: | 2023-06-22 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Bed Bath & Beyond has reached a deal to sell its primary brand assets to Overstock for $21.5 million. The agreement covers trademarks, business data, and e-commerce sites, but not stores or inventory. The sale will make the former housewares giant the latest retail "zombie brand." A shuttered Bed Bath & Beyond store in suburban Detroit. The survival of Bed Bath & Beyond on paper and online will make it the latest retail "zombie brand" — a list that includes former industry titans like Radio Shack, Lord & Taylor, and Toys R Us, whose new owners aim to cash in on the label's established credibility with customers.

Persons: —, Overstock.com, Leslie J, Allen, Taylor Organizations: Service, Bed, titans, Radio, New York Times, & $ Locations: New Jersey, Detroit

☆ Online retailer Overstock to buy some assets of Bed Bath & Beyond
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

June 13 (Reuters) - Overstock.com (OSTK.O) will buy certain assets of bankrupt home goods retailer Bed Bath & Beyond for $21.5 million, the online retailer said on Tuesday. The deal, designated a "stalking horse" bid under the U.S. Bankruptcy Code, will include intellectual property, business data, rights to mobile applications, and will also assume certain liabilities of Bed Bath & Beyond. The retailer had delivered 10% of the purchase price in cash to an escrow agent in immediately available funds, Overstock said in a regulatory filing. Bed Bath & Beyond had in April filed for Chapter 11 bankruptcy protection after struggling with dwindling sales and a failed merchandising strategy. The Wall Street Journal last week reported that retail investment firm Go Global Retail was in talks with Bed Bath & Beyond for its Buybuy Baby chain.

Persons: Overstock, Savyata Mishra, Sriraj Kalluvila, Maju Samuel Organizations: Bed, U.S, Reuters, Go, Thomson Locations: Bengaluru

☆ Bed Bath & Beyond in Talks to Sell Buybuy Baby to Owner of Janie and Jack
▼ + stars: | 2023-06-05 | by ( Soma Biswas | Suzanne Kapner | ) www.wsj.com time to read: 1 min

Resume SubscriptionWe are delighted that you'd like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service.

Organizations: Wall Street

☆ Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores
▼ + stars: | 2023-06-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +7 min

A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. That's where Buy Buy Baby – and its long-held name recognition – would come in. "We have tremendous trust with new and expecting parents but Buy Buy Baby is much better known with kind of that older generation," she said. The crown jewel of Bed Bath & BeyondThis is not the first time Buy Buy Baby has seen sale interest. Buy Buy Baby has remained a bright spot in Bed Bath & Beyond's otherwise dismal earnings reports in recent years.

Persons: Stephanie Keith, Natalie Gordon, It's, Gordon, Babylist, it's, –, Ryan Cohen, Chewy, Cohen Organizations: Bloomberg, Getty, Bed, CNBC, Capital Advisors, GameStop, & $ Locations: Brooklyn, New York, Bed Bath, Beverly Hills , California, Bath

☆ Bed Bath & Beyond, David's Bridal, Party City, and more: The biggest retail bankruptcies of the past 15 years
▼ + stars: | 2023-05-07 | by ( Hayley Peterson | Leslie J. Allen | ) www.businessinsider.com time to read: 1 min

Bed Bath & BeyondBed Bath & Beyond said it would begin liquidation sales at its stores in April 2023 after filing for bankruptcy. Getty ImagesBed Bath & Beyond filed for bankruptcy on April 23, 2023. The home goods retailer had been limping along for months, closing hundreds of its namesake stores, exiting the Canadian market, winding down its Harmon health and beauty chain, and failing to raise the money it needed to continue operating. It said in April 2023 that it would hold liquidation sales at its remaining 360 Bed Bath & Beyond stores and 120 Buybuy Baby locations.

☆ Crate & Barrel offers to take over gift registries for jilted Bed Bath & Beyond couples and BuyBuy Baby parents-to-be. Here's how to switch.
▼ + stars: | 2023-05-04 | by ( Ben Tobin | ) www.businessinsider.com time to read: +3 min

Crate & Barrel is allowing Bed Bath & Beyond customers to transfer their registries to furniture and home-decor chain. Crate & Barrel says customers who created wedding or baby gift registries at Bed Bath & Beyond or its BuyBuy Baby brand can transfer them to the Illinois-based furniture and home-decor retailer. To do a transfer, the customer would need to create a Crate & Barrel or Crate & Kids registry, take a screenshot of their Bed, Bath & Beyond or BuyBuy Baby registry, then bring it into a Crate & Barrel store. And stores like JoAnn, The Container Store, and Big Lots are all accepting Bed Bath & Beyond coupons. Do you have a wedding or baby registry through Bed Bath and Beyond?

Organizations: & &

☆ Bank of America details 3 retail stocks that have more than 20% upside as they benefit from mass closures of Bed Bath & Beyond stores
▼ + stars: | 2023-05-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Bed Bath & Beyond is closing hundreds of stores this year after filing for bankruptcy. Another 360 Bed Bath & Beyond locations and 120 buybuy Baby locations are set to shutter their doors by the end of June. BoA expects these hot spots to be gobbled up by off-price retailers that have near-term plans to expand. TJX's HomeGoods subsidiary is a runner-up, with only 38% of BBBY stores being within a one-mile radius and 52% within two miles. Off-price retailers' store proximity to Bed Bath & Beyond store locations.

☆ Bride had her wedding dress held 'hostage' in a billing dispute between Bed Bath & Beyond and preservation company
▼ + stars: | 2023-04-29 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

Last week, Bed Bath & Beyond (BBBY) announced it was planning to liquidate its inventory and go out of business. After reading good reviews about Houston-based Memories Gown Preservation, she decided to order the $120 kit through Bed Bath & Beyond. “I knew I wouldn’t look good in a white wedding dress,” she said. The MemoriesGP website still advertises Bed Bath & Beyond as an authorized dealer and as a registry option. “We take concerns raised by our customers very seriously,” Bed Bath & Beyond said.

☆ Don't trash your Bed Bath & Beyond coupons — you can now use them at Big Lots, The Container Store, and Boscov's
▼ + stars: | 2023-04-28 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

The Container Store, Big Lots, and Boscov's are accepting "expired" Bed Bath & Beyond coupons. Wednesday was the last day to use coupons at Bed Bath & Beyond stores following the company's bankruptcy filing. Discount furniture and home decor retailer Big Lots said Thursday it would also accept Bed Bath & Beyond's expired coupons through May 7. Pennsylvania-based Boscov's, which operates 50 department stores mostly on the East Coast, said that it, too, would accept Bed Bath & Beyond coupons. Bed Bath & Beyond said it would stop accepting coupons by April 26, and it began liquidation sales this week at the remaining 360 Bed Bath & Beyond and 120 Buybuy Baby locations.

☆ One online retailer will get a sizable sales boost from Bed Bath & Beyond's demise, Telsey Group estimates
▼ + stars: | 2023-04-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

The shuttering of Bed Bath & Beyond stores should provide a significant sales boost to online retailer Wayfair, according to Telsey Group. Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday and is trying to auction its namesake and Buybuy Baby brands. W 6M mountain Wayfair's year-to-date performance Telsey based its analysis on several factors, such as size, store proximity to Bed Bath & Beyond locations, the mix of online sales versus store sales, and consumer demographic. Wayfair was also named by Oppenheimer as among those poised to benefit from Bed Bath & Beyond's demise. Shares of the online retailer are up nearly 9% so far this year.

☆ Don't trash your Bed Bath & Beyond coupons — you can now use them at The Container Store
▼ + stars: | 2023-04-26 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +2 min

The Container Store will accept "expired" Bed Bath & Beyond coupons until the end of May. Wednesday is the last day to use coupons at Bed Bath & Beyond stores following the company's bankruptcy filing. Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday after months of uncertainty over its survival. Bed Bath & Beyond's ubiquitous and oversized coupons — known as Big Blue — may have played a role in the company's slow demise. Liquidation sales will begin Thursday at the remaining 360 Bed Bath & Beyond and 120 Buybuy Baby locations.

☆ Deal hunters arrive at Bed Bath & Beyond store and can't find throwaway prices -- yet
▼ + stars: | 2023-04-26 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +5 min

Bed Bath & Beyond has already shuttered 400 stores over the past year. If it’s able to find a buyer, Bed Bath & Beyond will halt store closings. Bed Bath & Beyond's 20% coupons will no longer be accepted beginning Wednesday. Scenes from outside the Bed Bath & Beyond store in Manhattan, New York on Tuesday, April 25, 2023. Bed Bath & Beyond did not immediately respond to request for comment on the timing and level of liquidation discounts.

☆ Premarket stocks: Democratic senators want to ban trading in Congress
▼ + stars: | 2023-04-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Before the Bell spoke with Sen. Jeff Merkley, the lead sponsor of the Senate bill. For both reasons that stock trading needs to end. But even if Bed Bath and Beyond does emerge from bankruptcy, its future is not guaranteed. If it’s able to find a buyer, Bed Bath & Beyond will halt store closings. But if a buyer doesn’t come forward, Bed Bath & Beyond will likely be liquidated entirely and go out of business.

☆ Bed Bath & Beyond vows it can pull off a sale – here's what that means for shareholders
▼ + stars: | 2023-04-24 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +5 min

Bed Bath & Beyond is confident it can offload its names and stores after it declared bankruptcy, but shareholders are expected to be wiped out as its stock plummets. "Bed Bath & Beyond has pulled off long shot transactions several times in the last six months, so nobody should think Bed Bath & Beyond will not be able to do so again. To the contrary, Bed Bath & Beyond and its professionals will make every effort to salvage all or a portion of operations for the benefit of all stakeholders," she added. The likelihood of finding a buyer will come down to how much Bed Bath and Buy Buy Baby's names are worth. As of late November, Bed Bath & Beyond had about $4.4 billion in assets and $5.2 billion in debts, court filings show.

Organizations: & $

☆ Bed Bath & Beyond files for bankruptcy protection after long struggle, begins liquidation sale
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +2 min

April 23 - Bed Bath & Beyond Inc (BBBY.O) filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat, and has begun a liquidation sale. In February, the embattled retailer had planned to raise around $1 billion through the offering of preferred stock and warrants to avoid bankruptcy. But Bed Bath terminated the deal in late March and announced plans to sell $300 million worth of its shares, warning it might have to file for bankruptcy if it could not secure the funds. In February, according to a court filing, Bed Bath & Beyond's Canadian operations were going out of business. The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the website of consultancy Alvarez & Marsal showed.

☆ You've only got a couple of days left to use Bed Bath & Beyond coupons after the retailer filed for bankruptcy
▼ + stars: | 2023-04-23 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Shoppers have just days left to use any Bed Bath & Beyond coupons they may have been holding on to. The 360 remaining Bed Bath & Beyond stores, as well as 120 BuyBuy Baby stores, will start liquidating stock Wednesday. Bed Bath & Beyond CEO Sue Gove said: "Our teams have worked with incredible purpose to support and strengthen our beloved banners, Bed Bath & Beyond and buybuy BABY. Couples who used Bed Bath & Beyond for their wedding registry, a number that has dropped significantly in recent years, will have their data transferred to a new partner yet to be named. Bed Bath & Beyond did not immediately respond to a request for comment from Insider, made outside normal working hours.

☆ What happens to buybuy BABY with Bed Bath & Beyond planning to go out of business
▼ + stars: | 2023-04-23 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

CNN —America’s leading specialty baby products retailer will shutter its 120 stores, a consequence of parent company Bed Bath & Beyond’s bankruptcy filing on Sunday. “The buybuy BABY business is the one part of the operation that will probably attract interest from buyers,” Saunders said. Bed Bath & Beyond placed some hope in buybuy BABY while it struggled to survive. He joined Bed Bath & Beyond in 2019 from Target, where he was in charge of expanding its private label brands. In its bankruptcy filing, Bed Bath & Beyond said it had $5.2 billion in debt and assets of just $4.4 billion.

Organizations: & $

☆ Bed Bath & Beyond files for bankruptcy
▼ + stars: | 2023-04-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Chris Hammons unloads a bag of items she purchased at a Bed Bath & Beyond store in Dallas, Texas September 23, 2009. In its bankruptcy filing, Bed Bath & Beyond said it had $5.2 billion in debt and assets of just $4.4 billion. Discount chains such as HomeGoods and TJ Maxx have also undercut Bed Bath & Beyond’s prices. Without the differentiators of the lowest prices or widest selection, Bed Bath & Beyond’s sales stagnated from 2012 to 2019. And Bed Bath & Beyond is the latest retail chain to file for bankruptcy this year.

Organizations: & $

Search resuls for: "Buybuy"

25 mentions found