Bed Bath & Beyond Secures $120 Million in Merchandise to Avoid Bankruptcy

April 5, 2023: Bed Bath & Beyond has teamed up with Hilco Global to keep its inventory stocked in a bid to avoid bankruptcy. The home goods retailer has signed a deal with investment manager ReStore Capital, which is part of the Hilco group, to enter a vendor consignment program. ReStore Capital will buy up to $120m worth of pre-arranged merchandise from Bed Bath & Beyond’s key suppliers on a revolving basis to help boost inventory levels at the retailer’s namesake chain and Buybuy Baby.

Retailing Technologies that would gain currency in the coming years

Smart appliances are extensively used in the Retailing Industry. Domestic appliances like Smart Fridges are also expected to make their way into the trade shortly. The aforementioned fridges would be equipped with Technology that would help them ascertain when the food got spoiled. The advent of all of this innovative time-saving Technology can help make the Retail Industry one of the most promising and profitable commerce. Besides, Technology is dispensable to business as one cannot find an effective alternative to the job done by machines.