1. Channel: Specialty & Other

Report: Bed Bath & Beyond in Talks to Sell Buybuy Baby

Written by Posted on Less than 0 min read

Bed Bath & Beyond is in talks to sell its Buybuy Baby chain to retail investment firm Go Global Retail, The Wall Street Journal (WSJ) reported on Monday, citing people familiar with the matter. Go Global Retail owns children’s clothing brand Janie and Jack and womenswear label ModCloth, which it acquired from Walmart. It primarily invests in consumer retail and fashion businesses.

Bed Bath & Beyond, which filed for  Chapter 11 bankruptcy in April, said it expects to close all of its 360 namesake stores and 120 Buybuy Baby locations and their websites by June 30. Reportedly, if Go Global Retail buys the chain, it plans to keep stores open, the WSJ report said. The retailer is also reportedly fielding interest from online retailer Overstock.com for the intellectual property behind the namesake Bed Bath & Beyond banner, the WSJ report added. Under that potential deal, Overstock would close all remaining physical locations of Bed Bath & Beyond.

Total Retail’s Take: Today’s Buybuy Baby news isn’t surprising. When Bed Bath & Beyond filed for bankruptcy in April, it said it planned to use the Chapter 11 proceedings to seek outside buyers who could keep its business going and/or purchase assets such as the baby gear chain. In addition,  Buybuy Baby has received interest from other suitors. Last week, for example, CNBC reported that online rival retailer Babylist expressed interest in buying Buybuy Baby’s digital assets.

View Original Article
Member since
Total Retail is the go-to source for executives looking for the latest news and analysis on the retail industry. Through various forms of content and community-building events, Total Retail serves its mission to provide retail executives with the information they need to do their jobs more effectively. https://www.mytotalretail.com
Do you like TotalRetail's articles? Follow on social!

More from Melissa Campanelli

  1. Operations & Supply Chain

‘Grasshopper is the iPhone of service-based software’ for logistics companies, says Specialized Distribution Solutions

‘Grasshopper is the iPhone of service-based software’ for logistics companies, says Specialized Distribution Solutions, Free Total Retail Case Study Operations>Supply Chain>Logistics Work Email* Login _highlightResult.pname2.value in _highlightResult.hicat1.value > by _highlightResult.publisher.value _highlightResult.descr.value /hits Recommended for Professionals Like You: Thank you This download should complete shortly. If the resource doesn’t automatically download, please, click here. Open Now […]
2 min read
0
  1. Stores & Formats

Jo-Ann Stores Inspires Positivity and Hope With its St. Jude Holiday Partnership

In episode 380 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Amanda Hayes, director of corporate communications, diversity and inclusion at Jo-Ann Stores, an American specialty retailer of crafts and fabrics operating the retail chains JOANN Fabrics and Crafts and Jo-Ann Etc. Listen in as Hayes discusses Jo-Ann Stores’ annual holiday partnership with St. Jude […]
< 1 min read
0
  1. Trends & External Forces

Logistic Leaders Are Still Grappling With Rising Costs and Operational Challenges

Reports of an easing supply chain crisis may be greatly exaggerated. While the media has highlighted the many ways that pandemic-spurred supply chain problems are lifting, those on the front lines are still uneasy as they face rising costs, inflation and economic concerns, continued unpredictability, and employee shortages. The Federal Reserve Bank of New York […]
< 1 min read
0
  1. Data & Insights

The Mobile Way: Activating Messaging Channels for Better CX 

April marked 50 years since the first mobile phone call. Since then, mobile devices have matured to become the remote control for our lives, our primary point of digital interaction. Most desktop activity has moved to mobile, providing consumers the ability to instantaneously search the web, shop for goods and services, track online orders, find […]
3 min read
0
  1. Shopper & Customer

The Rise of The Digital Gift: How Retailers Can Adapt to a New Future

The past few years have thrust digital shopping into the spotlight and it’s a trend that’s here to stay. The 2022 holiday season was no different, as shoppers continued to purchase online goods and gift cards for their loved ones, providing valuable insights on the emerging ways consumers are approaching gifting across channels. Retailers looking […]
3 min read
0
  1. Technology & Innovation

GameStop Announces Another Round of Job Cuts

GameStop has announced a round of layoffs due in part to inflation and “weakened consumer confidence” about the market, according to its CEO. This move comes a few months after GameStop management fired its CFO and made cuts at Game Informer, among other places inside the company. Axios, which was first to report on the layoffs at […]
< 1 min read
0
  1. Corporate Finance

Overstock.com Bids $21.5M for Bed Bath & Beyond Intellectual Property Assets

Online retailer Overstock.com on Tuesday placed a $21.5 million bid for some of Bed Bath & Beyond’s assets, including its intellectual property, reports CNBC. Overstock’s stalking horse bid — which will set the floor at the expected bankruptcy-run auction — also includes the business internet and mobile properties and all business data. The offer doesn’t include Bed Bath […]
< 1 min read
0
  1. Holiday & Events

US Postal Service Won’t Institute a Holiday Season Surcharge

The U.S. Postal Service, fresh off several consecutive significant price hikes, will not include a surcharge this peak season for mailers and shippers sending items during the holidays. The announcement marks a departure from recent USPS strategy, which has increased its prices between early October and mid-January for the last few years. Postal management pointed […]
< 1 min read
0
  1. Shopper & Customer

How Small Business Retailers Can Best Position Themselves During the Holiday Shopping Season

Over the past few years, the holiday shopping season has crept up earlier and earlier as retailers look to generate additional revenue and target early shoppers. However, this year may prove to be a challenge for small businesses due to a plethora of factors including inflation, supply chain bottlenecks and changes in consumer buying behavior […]
2 min read
0
  1. Associates & Employees

Amazon to Require Employees Be in the Office at Least Three Days a Week

Amazon.com is instructing corporate staffers to spend at least three days a week in the office, CEO Andy Jassy wrote in a memo last week. The decision marks a shift from Amazon’s previous policy, which left it up to individual managers to decide how often their employees would be required to work in the office. Jassy said he and […]
< 1 min read
0
  1. Trends & External Forces

Yum! Brands Notifies Customers of Data Breach

Yum! Brands, which owns the restaurant chains KFC, Pizza Hut, Taco Bell, and the Habit Burger Grill, notified affected consumers last week that the company experienced a cybersecurity breach involving unauthorized access to its systems in January. The data breach, which occurred Jan. 13, was discovered March 9, according to the Maine Attorney General’s office, […]
< 1 min read
0
  1. Media & Marketing

A Retailer’s Guide to Conversational Messaging

Our increasingly digital, always-on world is transforming the way retailers connect with shoppers on a daily basis. Leading the charge are a wide range of rich messaging channels including WhatsApp, Apple Messages for Business, Instagram, RCS, and Google’s Business Messages among others. These emerging channels have become the cornerstone for rich digital interactions that inspire […]
< 1 min read
0
  1. ESG

Social Commerce Needs a Data Strategy

Social commerce is an obvious marketing strategy for many brands; it’s where their consumers live, it’s where their competitors advertise, and when done right, it creates unparalleled engagement with consumers and an opportunity to drive commerce at any touchpoint. Still relatively new, it presents powerful potential for a growth trajectory. For companies all in on […]
3 min read
0
  1. Media & Marketing

The Secret to Social Commerce: Think Like a Small Brand and Win

Social commerce is often considered to be the process of selling products and services directly through social media. However, for brands that truly understand the meaning, it’s so much more. It can be the most powerful tool in your arsenal to build loyal customers, increase conversion, and reduce acquisition costs. But many big brands miss […]
2 min read
0
  1. Shopper & Customer

The Role of Personal Values in Improving Cross-Selling and Loyalty Initiatives

In today’s digitally-driven, choice-saturated world, understanding consumers’ demographics just isn’t enough to create genuine connections that compel them to choose your brand over the millions of other options just clicks away. It’s only through understanding a person’s internal motivations and deep-rooted personal values that marketers can achieve long-lasting connections. This deeper understanding also helps brands […]
4 min read
0
  1. Shopper & Customer

4 Tips for Growing Your Retail Business During a Recession 

The number of small business owners expecting better business conditions over the next six months fell by 8 percent, according to the National Federation of Independent Businesses’ December 2022 Small Business Optimism Index Report. This is likely due to the rising economic uncertainty small business owners face. You might even be one of these business […]
2 min read
0
  1. Trends & External Forces

CVS Closing its Clinical Trials Arm After 2 Years

Two years after unveiling its clinical trial services in an attempt to reinforce its presence in the world of healthcare, CVS Health is shutting it down, Fierce Healthcare reported Monday. A CVS spokesperson told Fierce Healthcare it routinely reviews its portfolio to ensure its assets are “aligned with our long-term strategic priorities.” The company will wind […]
< 1 min read
0
  1. Operations & Supply Chain

4 Questions to Ask Before Choosing a Fulfillment Strategy

In an era of omnichannel dominance that has been fueled by evolving customer preferences, the dynamics of fulfilling customer orders has changed. Some retailers are fulfilling orders from a distribution center, while others fulfill orders from their stores. And some are doing both. With multiple options, ongoing disruptions and ever-changing consumer demands, how does a […]
3 min read
0
  1. Associates & Employees

What Retail Leaders Can Learn From Taco Bell’s DEI Initiatives

Employers across every industry should be creating equal opportunities for their frontline employees. One of the ways this can be accomplished is by adopting the concept of diversity, equity and inclusion (DEI). But what does DEI truly mean? It can look different for each company, but essentially, as BuiltIn put it, “DEI is any policy […]
2 min read
0
  1. Shopper & Customer

3 Strategies to Maximize Customer Lifetime Value

3 Strategies to Maximize Customer Lifetime Value 3 Strategies to Maximize Customer Lifetime Value Date: Wednesday, May 17, 2023Time: 2:00 PM ET/11:00 AM PTDuration & Cost: 60 Minutes & FREE Amy Eschilman Managing Director, Retail Google Cloud Elissa Quinby VP, Retail Marketing Quantum Metric Joe Keenan Editor in Chief Total Retail Speaker 4 Name Speaker […]
3 min read
0
Next