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Jim Cramer Loves Bed Bath & Beyond’s Asset Sale, Praises CEO Tritton

In his daily “Stop Trading” segment on CNBC, Jim Cramer took a look at Bed Bath & Beyond (NASDAQ: BBBY).



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The Transaction: On Tuesday, Bed Bath & Beyond announced plans to sell its Christmas tree store business of 80 stores, its linen business and a distribution center. The three non-core assets are expected to bring in $250 million in sales for the company.

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The deal “accelerates the company’s transformation to drive shareholder value creation,” according to the company.

“Today’s announcement builds on the purposeful steps we have made throughout the year to simplify our portfolio, unlock capital and create clear strategic focus to accelerate our plans to build our authority in the Home, Baby, Beauty and Wellness markets,” said CEO Mark Tritton.

Related Link: Bed Bath & Beyond Rallies 35% On Q2 Results: 3 Analyst Takes On The Print

Cramer’s Take: The discussion centered

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Bed Bath & Beyond Is Selling Its Christmas Tree Shops as It Prunes Assets

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The company has introduced same-day shipping to complement its other omnichannel offerings such as click-and-collect services.


Justin Sullivan/Getty Images


Bed Bath & Beyond

stock was jumping Wednesday morning following news that the home-goods retailer is selling some noncore assets, including its Christmas Tree Shop chain.

The company said late Tuesday it was also selling its Massachusetts-based distributor, its institutional Linen Holdings business, and a distribution center in New Jersey. The company said it expected to generate about $250 million from the deal.

Bed Bath & Beyond (ticker: BBBY) is in the midst of a turnaround, prompted by years of poor management. Last year, activist investors got involved, prompting management changes and other moves. Still, even with consumers spending more on their homes during the Covid-19 crisis, the company had seen little benefit.

More recently the picture has started to brighten. The company introduced same-day shipping to complement its

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Bed Bath & Beyond Agrees to Dump Assets for $250 Million

Shares of Bed Bath & Beyond  (BBBY) – Get Report rose Wednesday after the home goods retailer announced agreements to sell its Christmas Tree Shops, its Linen Holdings business, and a distribution center for $250 million.

The distribution center is in Florence, N.J.

Bed Bath was suffering prior to the coronavirus pandemic, as online retailers were eating into its sales. But now its own digital sales have boosted it during the pandemic.

The company’s shares were at $23.49, up 6.07%, in premarket trading, and have gained 28% year to date.

“Today’s announcement builds on the purposeful steps we have made throughout the year to simplify our portfolio, unlock capital and create clear strategic focus to accelerate our plans to build our authority in the home, baby, beauty and wellness markets,” CEO Mark Tritton said in a statement.

“Customers are responding well to the introduction of our new omni-always

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Bed Bath & Beyond’s Surprise Sale Is Better Than Any 20% Off Coupon

We love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not E!.

You know how Bed Bath & Beyond rarely has sales? Well, here’s an early Halloween treat: they’re offering a ton of home goods at insanely good prices!

For example? You can take $30 off select Ninja appliances, and save $50 off select comforter sets. There’s 25% off select fall shop items to help you decorate for the season, and you can save up to $50 off Shark Vacuums. You can even up your coffee game with 20% off select Starbucks Coffee & Syrups and 20% off Harvest Coffee!

Move Over, Prime Day: Walmart, Wayfair & More Are Having Huge Sales Too!

Here’s all the deals you won’t want to miss:

• 20% off Harvest Coffee

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Bed Bath & Beyond to sell Florence facility, Christmas Tree Shops

FLORENCE – Bed Bath & Beyond Inc. has agreed to sell a distribution center here as part of a plan to raise money through the sale of assets.

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The troubled retailer on Wednesday also announced separate deals to shed its chain of Christmas Tree Shops and an institutional linen business.

The value of each transaction was not disclosed, but BB&B said it expects to generate about $250 million through the transactions.

The sales are intended to bolster the struggling firm’s finances and build shareholder value, said the Union-based company.

BB&B earlier this month reported a first-half net loss of $509.8 million for the six months ended Aug. 29. That compared to an $84.3 million deficit in the same period of 2019.



a car parked on the side of a building: Bed Bath & Beyond is introducing contactless shopping Friday at its Cherry Hill store off Route 70 and at a Deptford store.


© Jim Walsh, Courier-Post
Bed Bath & Beyond is introducing contactless shopping Friday at its Cherry Hill store off Route 70 and at a

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College students create bath and skin care products from local ingredients to support farmers and minimize waste from plastic packaging

There’s an implication that the younger generation aren’t as enthusiastic about agriculture as their parents and elders are. Due to the rise of technology and modernization, they tend to have different interests that mostly revolve around what’s trending. 

Still, this sweeping generalization didn’t hold sway for a group of first-year college students who started a bath and skin care line known as Bituin which aims to help the country’s farmers. 

Bituin is composed of three people, Jade the founder, and its co-founders Andal and Marquez, who wish to remain anonymous at this point in time since they envisioned that their venture would be primarily associated with the local farmers. 

“Our intention is to create and produce cheap but quality zero-waste hygiene products accessible to the masses,” the trio said. 

Established in July 2020, Bituin aims to sell zero-waste bath and skincare products using locally sourced natural products to ultimately help

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Bed Bath & Beyond Selling Christmas Tree Shops Brand and 2 Other Assets For $250 Million

In the latest in a series of divestments this year, Bed Bath & Beyond (NASDAQ:BBBY) is selling several of its assets. The company announced on Tuesday that it has reached agreements to unload its Christmas Tree Shops retail brand, its Linen Holdings unit, and a New Jersey distribution center. All told, these sales should bring in roughly $250 million for the specialty retailer.

The buyer in the most significant divestment, that of Christmas Tree Shops, is privately held Handil Holdings. It will receive all 80 outlets of the holiday retailer store. Part of the deal between the two companies is a transition service agreement that will kick in at the close of the transaction and “help ensure business continuity, particularly during the upcoming holiday season,” according to Bed Bath & Beyond.

A bathtub full of money.

Image source: Getty Images.

The counterparty in the Linen Holdings sale is private equity firm Lion Equity Partners, which

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Bed Bath & Beyond To Sell Christmas Tree Shops, Linen Holdings And Florence Distribution Center

(RTTNews) – Bed Bath & Beyond Inc. (BBBY) Tuesday said it has entered into separate agreements to sell its Christmas Tree Shops retail banner, its institutional Linen Holdings business, and a distribution center located in Florence, New Jersey.

The company expects to generate a total of about $250 million in aggregate from the monetization of these assets as it continues to optimize its portfolio, potentially including the sale of additional non-core assets, to further increase its financial strength and enhance shareholder value.

CEO Mark Tritton said, “Today’s announcement builds on the purposeful steps we have made throughout the year to simplify our portfolio, unlock capital and create clear strategic focus to accelerate our plans to build our authority in the Home, Baby, Beauty and Wellness markets.”

Bed Bath & Beyond will sell Christmas Tree Shops to Handil Holdings, LLC. The purchase agreement includes all 80 brick-and-mortar Christmas Tree Shop locations

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Bed Bath & Beyond Announces Significant Milestone In Plan To Sell Non-Core Assets

UNION, N.J., Oct. 13, 2020 /PRNewswire/ — Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced that it has entered into separate agreements to sell its Christmas Tree Shops retail banner, its institutional Linen Holdings business, and a distribution center located in Florence, NJ. The Company expects to generate a total of approximately $250 million in aggregate from the monetization of these assets as it continues to optimize its portfolio, potentially including the sale of additional non-core assets, to further increase its financial strength and enhance shareholder value.

Mark Tritton, President and Chief Executive Officer said, “Today’s announcement builds on the purposeful steps we have made throughout the year to simplify our portfolio, unlock capital and create clear strategic focus to accelerate our plans to build our authority in the Home, Baby, Beauty and Wellness markets. Customers are responding well to the introduction of our new omni-always services, and we

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These Bed, Bath, & Kitchen Products Are On Sale Right Now For Amazon Prime Day

It’s the day we’ve all been waiting for — Prime Day! That’s right… Amazon’s most amazing sale day of the year has finally arrived. The deals are downright incredible, as anticipated, too. When it comes to fixing up your home, specifically the ones for your kitchen, bedroom, and bathroom, Amazon has got you covered with some massively discounted products.



PRIME DAY


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PRIME DAY

It can be a bit overwhelming sorting through all these incredible deals, though. That’s why we’re simplifying things and giving you some of the best Prime Deals happening right now!

If you’re in the market for some swag for your kitchen, bedroom, or bathroom, check out these items that will give your home a total fall makeover. Because hey, the seasons are changing, but the deals are as hot as ever right now.

Here are some absolutely amazing items that are on sale right now!

Don’t pass

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