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Overstock.com wins auction for Bed Bath and Beyond's assets

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[ad_1] What remains of Bed Bath & Beyond, the bankrupt big-box retailer known for its dizzying array of home goods, has been bought by e-commerce discounter Overstock.com, court filings from Thursday show.  Overstock.com bid $21.5 million at auction for the assets of the retailer, which filed for bankruptcy in April. The sale grants the e-commerce company rights to the chain's intellectual property and mobile platform, allowing it to continue selling Bed Bath & Beyond's goods online. Neither Overstock.com nor Bed Bath & Beyond immediately replied to CBS MoneyWatch's requests for comment.  The failed retailer's brick-and-mortar stores, which once numbered more than 1,500 in the U.S., are not included in the deal. The company announced after it filed for bankruptcy that it would shutter its remaining locations by the end of June 2023 . Overstock.com was the bankruptcy auction's stalking-horse bidder, placin

Overstock.com to rebrand as Bed Bath & Beyond after purchasing its assets

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[ad_1] Overstock.com is rebranding as Bed Bath & Beyond after purchasing the big-box retailer's intellectual property assets at a bankruptcy auction last week.  The e-commerce giant bid $21.5 million for Bed Bath & Beyond's website and domain names, trademarks, patents, customer database and loyalty program data, among other assets under the company's banner. Its marriage with the once-popular retailer will enable both companies to offer customers a wide selection of home furnishings, kitchen, bedding and bath-related products through a single online storefront, Overstock CEO Jonathan Johnson said.  Bed Bath & Beyond officially files for bankruptcy 00:27 "The combination of our winning asset-light business model and the high awareness and loyalty of the Bed Bath & Beyo