In today’s top retail news, Bed Bath & Beyond Inc. has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. Plus, there are two weeks up to Christmas, and the retail industry finds itself in uncharted territory.
Bed Bath & Beyond Strikes Deal To Sell Cost Plus World Market
Bed Bath & Beyond Inc. has entered into a definitive arrangement to sell Cost Plus World Market to Kingswood Capital Management. The deal involves 243 brick-and-mortar locations, the Cost Plus digital business, two distribution facilities and a California office. It is expected that the business will keep operating as a stand-alone brand. B. Riley Securities Inc. and Bryan Cave were among the advisors to Bed Bath & Beyond on the arrangement.
Authentic Brands Could Buy Arcadia Group And Debenhams
Authentic Brands is reportedly in talks with Arcadia Group and Debenhams, with unnamed sources in a published report saying that the retail firms is thinking about a bid for the Sir Philip Green retail empire and the merchant. Authentic Brands, which is out of New York, has high-end merchants like Barneys and Juicy Couture in its group. Arcadia Group owns Topshop, Burton, Dorothy Perkins, Evans and others.
Department Stores Adapt To Difficult Season, Count On Revenge Shopping
There are under two weeks until Christmas, and the retail industry, as has been the case this year, finds itself in uncharted territory. High-end department store merchants are counting on revenge shopping and a fertile gifting season to put a bow on the year. However, the approach stands on shaky ground.
Five Fast Facts You Might Have Missed On Digital Grocery
Online grocery shopping isn’t a completely new phenomenon, but it’s undeniable that the COVD-19 period has sped up its progress in ways that would have been almost unimaginable just eight months ago. Grocery has truly turned into a multichannel shopping journey in 2020, as consumers have migrated to harnessing many different channels to purchase supermarket items.
