![]() Pursuant to Overstock’s winning bid and asset purchase agreement, the Company purchased the assets for $21.5 million, funded entirely with cash on hand. The buybuy Baby and Harmon banners and their assets formerly operated by Bed Bath & Beyond, Inc. including store leases, inventory, warehousing, and logistics infrastructure. The transaction excludes any asset associated with the brick & mortar business of Bed Bath & Beyond, Inc. ![]() Bankruptcy Court for the District of New Jersey approved Overstock’s winning bid at a sale hearing on June 27, 2023. The Bed Bath & Beyond assets acquired include website and domain names, trademarks, tradenames, patents, customer database, loyalty program data and other brand assets related to the Bed Bath & Beyond banner. “I’m excited for consumers to experience the new Bed Bath and an even bigger and better Beyond.” “Combining the strengths of the Overstock operational model and the Bed Bath & Beyond brand will create a powerful synergy,” Johnson said. The newly branded Welcome Rewards program will continue to offer 5% reward dollars for all purchases that can be fully redeemed in subsequent transactions. ![]() Overstock is re-branding its Club O loyalty program as Welcome Rewards. for millions of quality furniture and home furnishings products available at affordable price points for every budget. ![]() New and existing customers of both Overstock and Bed Bath & Beyond will experience a single online shopping destination - bedbathandbeyond.ca in Canada and in the U.S. Within the next week, Overstock plans to re-launch the Bed Bath & Beyond domain in Canada, followed weeks later by the re-launch of a refreshed website, mobile app, and loyalty program in the United States. Customers of Bed Bath & Beyond will be able to access the vast and growing assortment Overstock offers, along with the kitchen, bedding, and bath-related products for which Bed Bath & Beyond has been a destination for over 30 years. Overstock is a leading on-line retailer of indoor and outdoor furniture, home décor, and area rugs, among other home furnishings products. The combination of our winning asset-light business model and the high awareness and loyalty of the Bed Bath & Beyond brand will improve the customer experience and position the Company for accelerated market share growth.” “Bed Bath & Beyond is an iconic consumer brand, well-known in the home retail marketplace. “This acquisition is a significant and transformative step for us,” said Overstock CEO, Jonathan Johnson. ![]() Overstock is hosting a conference call tomorrow, Jat 8.30 a.m. under a Bankruptcy Court supervised process. (NASDAQ: OSTK), a leading online furniture and home furnishings retailer, today announced the consummation of its acquisition of certain intellectual property assets of the Bed Bath & Beyond banner from Bed Bath & Beyond, Inc. SALT LAKE CITY, J(GLOBE NEWSWIRE) -, Inc.
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