Overstock.com, an online shop for furniture and home stuff, has bought parts of Bed Bath & Beyond online. They spent $21.5 million on this. Now, Overstock owns the Bed Bath & Beyond brand, their online customer list, and more.
Overstock’s CEO, Jonathan Johnson, says this is a big step for them. It helps make shopping better for customers and helps Overstock grow faster. Now, you can buy everything from Overstock and Bed Bath & Beyond in one place.
Right now, if you go to Overstock.ca, it sends you to BedBathAndBeyond.ca. You can even see the words “Overstock.ca is now Bed Bath & Beyond” on the page. So, you can see Overstock is putting its plan into action. Despite some tough business times recently, Overstock believes they’ll still make money in the second quarter of 2023.
