Increases Merchandise Availability and Further Supports Supplier Partnerships
UNION, N.J., April 5, 2023 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq:BBBY) (the "Company") announced today the launch of a new vendor consignment program with ReStore Capital, a Hilco Global company. Under this new, third-party agreement, ReStore Capital will purchase up to $120 million, on a revolving basis at any given time, of pre-arranged merchandise from the Company's key suppliers to supplement inventory levels already sold at Bed Bath & Beyond and buybuy BABY.
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