Bed Bath & Beyond Returns As Online-Only Retailer Operated By Overstock

BedBathAndBeyond.com relaunched Tuesday, months after the company declared bankruptcy and shuttered all its brick and mortar stores, thanks to Overstock, which purchased the brand out of bankruptcy.... [+]Overstock.com paid $21.5 million for Bed, Bath & Beyond’s intellectual property and digital assets in June and is now adopting the Bed, Bath & Beyond brand as its own to create one online retailer.

Johnson also told CNN over 60,000 products have been added to the site and up to $50 in unused loyalty rewards points for active members of the former Bed Bath & Beyond loyalty program will be reinstated on the new iteration of the website. When asked if brick and mortar Bed Bath & Beyond stores will ever return, he said it wasn’t currently part of the company’s plan, but “never say never.”Bed Bath & Beyond announced in April that it was going into bankruptcy, closing all stores and liquidating assets. In a bankruptcy filing, the company said it had accumulated $5.2 billion of debt and held assets of $4.4 billion.

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