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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.


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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 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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Amazon Is Selling Sous Vide Cookers at a Major Discount for Prime Day



Amazon


© Provided by Food & Wine
Amazon

Amazon Prime Day is back and bigger than ever with major deals on thousands of items from top brands. If you’ve been eyeing a sous vide cooker for a while and haven’t taken the plunge yet, there’s no better time to shop than Prime Day with deals up to 53% off.

This members-only, two-day event kicks off on October 13 at midnight PT and ends at 11:59 p.m. PT on October 14. To get access to all of these exclusive deals, be sure to sign up for a Prime membership now and take advantage of the free Amazon Prime 30-Day Trial.

RELATED: Gear Test: The Best Sous Vide

If you’re unfamiliar with sous vide cooking, it’s a French technique that is much simpler than it sounds. This cooking style achieves consistent results every time by immersing vacuum-sealed bags or jars of food into

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Nvidia No Longer Selling RTX 3080 and 3090 Founders Edition Directly From Store

(Image: XXX)

Nvidia has opted to cease selling RTX 3080 and 3090 Founders Edition graphics cards on its online store. Instead, both cards will be sold directly by way of Best Buy for US users.

This move follows Nvidia’s recent RTX 3080 and 3090 graphics launches that meant the product was nearly impossible to buy. Due to supply issues, malfunctioning online retailers, and apparent bots getting to products before customers, many buyers were left high and dry just minutes after the cards rolled out.

As a result, the GPUs have remained incredibly difficult to procure beyond retailers like eBay, where they continue to be sold at a massive markup.

That’s the apparent reasoning for the storefront switch, which Nvidia has never been relegated to before. According to Nvidia, the brand has “heard your feedback regarding the Nvidia online store and are working to improve the experience.”

“In the meantime, we

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PlayStation Store will reportedly stop selling PS3, PSP and Vita games this month

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The PS5 consoles are set to appear next month.


Sony

The PlayStation 5 is scheduled to arrive in the US in November, and in anticipation of the event, Sony will stop selling PlayStation 3, PSP or Vita games in the web and mobile PlayStation Store, EuroGamer reported Friday.

According to the report, Sony has notified its development partners that the web and mobile versions of the PlayStation Store will stop selling PlayStation 3, PSP or Vita games timed with a relaunch of the store on Oct. 19 and ahead of the PS5 launch in November.

Among the items Sony will remove are PlayStation 3 games and add-ons, PSP games and add-ons, PlayStation Vita games and add-ons, apps, themes and avatars. The items will still be available in the

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PlayStation Store Will Stop Selling PS3, PSP, and Vita Games Through Web and Mobile

The PlayStation Store experience is about to receive an overhaul soon as Sony makes plans to limit what’s available to purchase on the web and mobile versions of its digital store.In an email sent to PlayStation development partners — which IGN has independently verified — Sony says that starting on October 19 for web and October 28 for mobile, certain digital products will no longer be available for purchase.

This includes:

  • PlayStation 3 games and add-ons
  • PSP games and add-ons
  • PlayStation Vita games and add-ons
  • Apps
  • Themes
  • Avatars

Sony is also doing away with the “Your Wishlist” feature and any games currently on the wishlist will be removed.

Confirmed PlayStation 5 Games

Going forward, customers will still be able to purchase PS3, PSP, and Vita titles from the PlayStation store but only directly from the system. So you’ll need a PS3 or Vita to purchase any of the previous-gen titles.

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Halloween store selling ‘Debate Fly Wig’ inspired by bug on Mike Pence’s head at VP debate

This cheeky costume probably won’t fly with the Pence team.

Just in time for Halloween, an online shop is selling a bug-bedecked white wig inspired by the now-viral fly that landed in Vice President Mike Pence’s hair during the vice presidential debate on Wednesday night.

As Pence discussed justice for Breonna Taylor, the pesky insect flew onto the vice president’s head and remained fixed for around two minutes — setting off critics and commenters alike.

YANDY RELEASES SEXY ‘MAIL-IN BALLOT,’ USPS WORKER HALLOWEEN COSTUME AHEAD OF THE ELECTION

Just in time for Halloween, an online shop has flown to stock a bug-bedecked white wig inspired by the now-viral fly that landed in Vice President Mike Pence’s hair during the vice presidential debate on Wednesday night.

Just in time for Halloween, an online shop has flown to stock a bug-bedecked white wig inspired by the now-viral fly that landed in Vice President Mike Pence’s hair during the vice presidential debate on Wednesday night.
(3Wishes.com)

Now, shoppers bugged by the politician, or simply delighted by the viral moment, will surely be amused by 3Wishes’ new “Debate Fly Wig,” currently

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