Current:Home > FinanceBuybuy Baby is back: Retailer to reopen 11 stores after Bed, Bath & Beyond bankruptcy -FundPrime
Buybuy Baby is back: Retailer to reopen 11 stores after Bed, Bath & Beyond bankruptcy
Indexbit Exchange View
Date:2025-04-11 08:29:27
Buybuy Baby will be saying hello again.
The baby retailer shuttered and liquidated 115 locations earlier this year amid the bankruptcy of parent company Bed Bath & Beyond. But under new owners, the once-beleaguered brand now plans a comeback. Buybuy Baby recently announced that it will reopen 11 closed locations this fall across five states in the Northeast.
“The future of buybuy Baby is bright,” CEO Pete Daleiden wrote in a statement last week, promising that the baby store would again be a “trusted fourth-trimester partner.”
Why did Buybuy Baby close in 2023?
The future looked a lot less bright for Buybuy Baby at the beginning of 2023.
The popular baby retailer, founded in 1996 by children of Bed Bath & Beyond founder Leonard Feinstein, boasted 137 baby-centric stores at its peak. But by this summer, all of those stores were closed, wrapped up in the tumultuous collapse of parent company Bed Bath & Beyond.
New Jersey-based Bed Bath & Beyond signaled in January that it was doubtful it would last the year. By April, it had already filed for bankruptcy protections, beginning the long and dismal process of “winding down” its hundreds of stores across the country.
Buybuy Baby, which purported to be the most popular baby retail brand in America as of last year, was folded up alongside its parent. All of the remaining 115 stores were due to be liquidated and shuttered.
Why is Buybuy Baby reopening its online and retail stores?
Paramus-based Dream On Me, a crib and mattress retailer that sold its products at buybuy Baby stores, inked a $1.17 million deal in July to buy out the leases at 11 buybuy Baby locations, according to CNBC at the time.
The company had already shelled out $15.5 million the previous month to snap up the brand’s intellectual property, including its name.
When will the Buybuy Baby stores reopen in 2023?
As part of what the store is calling the “initial phase” of its re-opening, 11 buybuy Baby locations are set to reopen on Nov. 18, say company spokespeople.
In a statement, the store promised “brands customers have come to know and love, such as in gear and furniture categories,” and “a curated assortment of the most beloved and coveted baby and maternal wellness brands.”
When will Buybuy Baby’s website launch?
The website will launch on a similar timeline at buybuybaby.com, alongside a “fully ownable registry experience where customers directly add and purchase items off the dedicated app.”
Will the new Buybuy Baby honor old gift cards, or allow returns of items bought before the sale?
Not according to the company website, which says gift card balances from preexisting digital and physical gift cards expired under previous ownership.
Where are the 11 Buybuy Baby locations that will reopen?
Connecticut
- 1433 New Britain Ave., West Hartford
Delaware
- 501 W. Main St., Christiana
Maryland:
- 1683 Rockville Pike, Rockville
Massachusetts:
- 160 Granite St., Braintree
New Jersey
- 34 E. Ridgewood Ave., Paramus
- 1590 Kings Highway North, Cherry Hill
- 711 Route 28, Bridgewater
- 675 U.S. Route 1S, Suite 1, Iselin
New York
- 1019 Central Park Ave., Scarsdale
- 1261 Niagara Falls Blvd., Amherst
Virginia
- 6398 Springfield Plaza, Virginia
veryGood! (4)
Related
- What to watch: O Jolie night
- 'Extremely devastated and angry': WWE's Shotzi has torn ACL, will be out for 'about 9 months'
- Man arrested in Audrii Cunningham's death was previously convicted on child enticement charges
- Dead satellite ERS-2 projected hurtle back to Earth on Wednesday, space agency says
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Bestselling Finds Under $25 You Need From Ban.do's Biggest Sale of The Year To Brighten Your Day
- How an Alabama court ruling that frozen embryos are children could affect IVF
- Macaulay Culkin and Kieran Culkin Will Reunite Onscreen—Along With Their 3 Other Brothers
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Notorious ransomware provider LockBit taken over by law enforcement
Ranking
- North Carolina justices rule for restaurants in COVID
- Angel Reese won't re-up case for Bayou Barbie trademark after being denied
- Missing skier found dead in out-of-bounds area at Stowe Mountain Resort
- 15-year-old goes missing while on vacation in Galveston, Texas; Amber Alert issued
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Republican DA asks Wisconsin Supreme Court to decide abortion lawsuit without lower court ruling
- Vanderpump Rules' Tom Schwartz Spills the Tea on Tom Sandoval's New Girlfriend
- Black Disney Imagineer Lanny Smoot reflects on inspiring path to hall of fame recognition
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Election officials in the US face daunting challenges in 2024. And Congress isn’t coming to help
Fentanyl dealers increasingly facing homicide charges over overdose deaths
Dead satellite ERS-2 projected hurtle back to Earth on Wednesday, space agency says
Why members of two of EPA's influential science advisory committees were let go
Presidential disaster declaration approved for North Dakota Christmastime ice storm
FuboTV files lawsuit over ESPN, Fox, Hulu, Warner Bros. Discovery sports-streaming venture
Love her or hate her, what kind of Caitlin Clark fan are you? Take our quiz to find out.