Bed Bath & Beyond Inc

Signs stating everything is on sale at a Buy Buy Baby store in the Brooklyn borough of New York, Feb. 6, 2023.Stephanie Keith | Bloomberg | Getty ImagesBuy Buy Baby's stores are set to disappear after a last ditch effort to save the chain and keep the business alive fell apart, CNBC has learned. Brand management firm Go Global Retail, which owns children's apparel company Janie and Jack, was eager to buy the beloved Bed Bath & Beyond chain and keep it running, but it ultimately couldn't reach an agreement on…

"Store Closing" signs at a Buy Buy Baby store in the Brooklyn borough of New York, on Monday, Feb. 6, 2023.Stephanie Keith | Bloomberg | Getty ImagesBed Bath & Beyond canceled a Friday auction for its Buy Buy Baby chain because it failed to secure a buyer willing to keep its stores running – but it's not quite over for the baby retailer just yet, CNBC has learned.Bidders backed out of the auction after they determined the chain was no longer worth buying because its value had deteriorated so much, but there are…

Bed Bath & Beyond and Buy Buy Baby signage is displayed outside of store in Los Angeles.Patrick T. Fallon | Bloomberg | Getty ImagesA little-known baby retailer based in Piscataway, New Jersey, has tentatively won the auction for the intellectual property of Bed Bath & Beyond's crown jewel Buy Buy Baby, court records filed Thursday say. Dream on Me Industries, which sells cribs, strollers and other baby goods through a host of retail partners, won the rights to assets such as Buy Buy Baby's trademark and domain…

A Burlington and a Bed Bath & Beyond store.Getty ImagesBed Bath & Beyond locations across America will soon be replaced by Burlington Stores outposts and a range of other businesses, after the failed home goods retailer auctioned off its leases as part of its bankruptcy proceedings, court records show. The doomed big-box store selected bidders for 109 of its leases after a Monday auction. Off-price giant Burlington agreed to take over 44 of the locations for $12 million, the largest share of the leases, records…

A customer carries a Buy Buy Baby shopping bag in New York, US, on Thursday, Aug. 25, 2022.Gabby Jones | Bloomberg | Getty ImagesBed Bath & Beyond is splitting the bankruptcy-run auction of its Buy Buy Baby chain into two phases as the retailer struggles to nail down bids in a sale process now shrouded in doubt.An auction for all of Buy Buy Baby's assets was originally scheduled for 10 a.m. Wednesday. Now only bids for the chain's intellectual property, including its trademark and domain, will be accepted, according…

Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty ImagesThe Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in corporate default rates is likely in coming months.The corporate default rate rose in May, a sign that U.S. companies are grappling with higher interest rates that make it more expensive…

Signage is displayed outside a permanently closed Bed Bath & Beyond retail store in Hawthorne, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesBed 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. The e-commerce discounter, which was selected as the stalking horse bidder for Bed Bath's bankruptcy-run auction, will buy the chain's brand name,…

A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023.Stephanie Keith | Bloomberg | Getty ImagesBed Bath & Beyond is working on another last-ditch effort to keep one of its chains alive.The retailer said in court papers it will run a separate sale process for Buy Buy Baby — considered the crown jewel of its assets — as it moves forward with the auction of its Bed Bath & Beyond chain.The separate sale process gives the retailer more breathing room to nab a bid from a buyer that could…

A "Store Closing" banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023.Johnny Milano | Bloomberg | Getty ImagesBed Bath & Beyond's brand name may be the only part of the failed retailer that lives on.The home goods chain, which also owns Buy Buy Baby stores, received a $21.5 million offer from online retailer Overstock.com for some of its assets, including its intellectual property, according to court papers filed Tuesday.related investing newsOverstock.com's stalking horse bid –…

"Everything on Sale" signs at a Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023.Stephanie Keith | Bloomberg | Getty ImagesThe auction process for Bed Bath & Beyond and its assets was extended once again as discussions progress with potential bidders, namely for its Buy Buy Baby chain of stores.In court papers filed Thursday, Bed Bath & Beyond said it would delay its sale timeline by a few days "to ensure the most value maximizing transaction is achieved."The delay comes as the…