Embattled home goods retailer Bed Bath & Beyond Inc. has announced a new vendor consignment program with ReStore Capital as the company attempts to boost its...
Embattled home goods retailer Bed Bath & Beyond Inc.
has announced a new vendor consignment program with ReStore Capital as the company attempts to boost its inventory. Under the terms of the third-party agreement, ReStore Capital will purchase up to $120 million, on a revolving basis at any given time, of pre-arranged merchandise from Bed Bath & Beyond’s key suppliers. The deal will supplement inventory levels already sold at Bed Bath & Beyond and buybuy BABY, according to a statement released by the retailer early Wednesday.
has announced a new vendor consignment program with ReStore Capital as the company attempts to boost its inventory. Under the terms of the third-party agreement, ReStore Capital will purchase up to $120 million, on a revolving basis at any given time, of pre-arranged merchandise from Bed Bath & Beyond’s key suppliers. The deal will supplement inventory levels already sold at Bed Bath & Beyond and buybuy BABY, according to a statement released by the retailer early Wednesday.
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