Dive Brief:
Bed Bath & Beyond is offering a limited, same-day delivery promotion for Bed Bath & Beyond and BuyBuy Baby customers, the company said Friday.
The company launched a three-day promotion with Shipt, which began on Dec. 14 and will run through Dec. 16. Free same day delivery will be available on eligible products and orders over $39. Shipt s last-mile service, Shipt Driven, will fulfill the same-day orders.
The retailer is also offering 20% off total purchase on curbside pickup or BOPIS orders from Dec. 17 to Dec. 24, according to the company announcement.
Dive Insight:
The company introduced its same-day delivery service to let customers get last-minute holiday items from home and beat the holiday rush, EVP and chief digital officer of Bed Bath & Beyond Rafeh Masood, said in a statement. Once the promotion period is over, customers will still be able to access the retailer s same-day delivery service for $4.99 on orders over $39, per the announcement.
What Selling Cost Plus World Market Really Means For Bed Bath & Beyond
12/14/20 AT 2:12 PM
In another move under CEO Mark Tritton’s turnaround plan, Bed Bath & Beyond (BBBY) has sold off Cost Plus World Market for an undisclosed amount to private equity firm Kingswood Capital Management as it looks to further streamline its portfolio.
The sale of World Market marks the fourth sell off for the company to free up capital, which also included deals for its Christmas Tree Shops, One Kings Lane, Personalization Mall, and Linen Holdings.
Wedbush analyst Seth Basham had previously estimated that the value of Cost Plus World Market at about $200 million, Retail Dive reported.
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