Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Last tot standing: Buybuy Baby likely to survive as Bed Bath & Beyond fades into bankruptcy

by admin June 12, 2023
June 12, 2023
Last tot standing: Buybuy Baby likely to survive as Bed Bath & Beyond fades into bankruptcy

Even as its parent company goes under, buybuy Baby is likely to survive.

Analysts believe that as part of Bed Bath & Beyond’s bankruptcy reorganization, the company will look to sell the United States’ largest specialty baby-product retailer, which Bed Bath & Beyond acquired in 2007.

Buybuy Baby is already seeing interest from outside suitors. Last week, CNBC reported the online rival retailer Babylist as well as an unnamed retail group have expressed interest in purchasing some or all of buybuy Baby’s assets.

Natalie Gordon, founder of Babylist, did not respond to a request for comment. CNBC reported Gordon’s company was seeking to acquire buybuy Baby’s domain and trademark.

The investment firm representing the unnamed retailer, which CNBC said would seek to keep as many as 75% of buybuy Baby’s stores open, confirmed in an email that it was representing the unnamed firm but declined to comment further.

Buybuy Baby has emerged as the last baby-specific retailer standing after the 2018 failure of Babies R Us. As of late April, 120 buybuy Baby stores were still open, alongside 360 of Bed Bath & Beyond’s namesake stores, CNBC said.

Despite its seemingly more stable footing, buybuy Baby’s financial performance has been lackluster. It reported same-store sales in the low-single digits in the 2021 holiday quarter; in the most recent quarter before its parent company filed for bankruptcy, it said sales had fallen more than 20% — though this was slightly better performance than Bed Bath & Beyond’s 34% decline.

A representative for Bed Bath & Beyond did not respond to a request for comment.

Still, the baby retail segment maintains healthy growth, a trend on which buybuy Baby should be able to capitalize, said Neil Saunders, managing director at GlobalData analytics and consulting company.

‘I think buybuy Baby has a future,’ Saunders said. While it is likely to be sold at a bargain given the general mismanagement of its parent, he said, its mere presence in the baby category alone will prove valuable.

‘It’s a part of the market where clients still appreciate advice and insight from specialists,’ Saunders added. ‘So there’s still a need for this category in a way there just isn’t for Bed Bath & Beyond.’

Bed Bath & Beyond filed for bankruptcy protection in April. The company said in its filing that it expected to close all its stores, including those for buybuy Baby, by June 30.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
CNN CEO Chris Licht apologizes to staff during internal Monday morning call
next post
Appia Signs Definitive Agreement to Acquire up to a 70% Interest in Ionic Clay Project, Brazil

Related Posts

Target calls price hikes a ‘very last resort’...

May 22, 2025

New deep-water channel allows first ship to pass...

April 26, 2024

Dow slips for first losing day in nine...

May 15, 2024

Nintendo Switch 2 retail preorder to begin April...

April 21, 2025

Trump’s $175M bond backer is a subprime car...

April 4, 2024

Kia recalling 427,000 Telluride SUVs because they might...

March 30, 2024

Bud Light maker Anheuser-Busch to lay off hundreds...

July 29, 2023

How a UAW strike could affect production of...

September 10, 2023

Target says Pride collection will appear in ‘select’...

May 14, 2024

Women’s college basketball final expected to set new...

April 6, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Run Your Stock Portfolio Like a Pro Sports Team

    • Leadership Rotation Could Confirm Corrective Phase

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    • 1911 Gold Temporarily Suspends Operations at True North Complex due to Bissett Evacuation Order

    • Ontario Backs Down on Key Bill 5 Provisions, Echoes BC’s Mining Debate

    • Appeals Court Grants Trump Temporary Reprieve on Tariffs, “TACO” Taunts Gain Steam

    Categories

    • Business (1,223)
    • Investing (2,503)
    • Politics (3,699)
    • Stocks (1,614)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved