Bed Bath & Beyond Launches Vendor Consignment Program

Bed Bath & Beyond has launched a vendor consignment program with ReStore Capital, a Hilco Global company.

Under this third-party agreement, ReStore Capital will purchase up to $120 million, on a revolving basis at any given time, of pre-arranged merchandise from the company's key suppliers to supplement inventory levels already sold at Bed Bath & Beyond and buybuy BABY. 

"We remain relentless in executing plans that can help us overcome near-term operational and financial challenges,” said Sue Gove, president & CEO of Bed Bath & Beyond, Inc. “Our new vendor consignment program enables us to increase our inventory position in top items that customers are buying and improve the customer experience. This capital-light solution can allow us to strengthen merchandise availability and better fulfill demand."

Gove said the support the struggling retailer is seeing from its top supplier partners is a demonstration of the staying power of its brands and the potential for sustainable improvement.

“We know the performance and value of our business today is not representative of our full potential,” she said. “Our entire organization is focused on expanding and accelerating improvement. We are doing what we must to sustain our business immediately and unlock our true value over the long-term – for all stakeholders."

ReStore Capital is a credit-focused investment manager providing creative financing solutions in the consumer, retail, commercial, wholesale and manufacturing industries.  As a Hilco Global company, Restore Capital leverages decades of Hilco's asset valuation experience, the strength of its team and its long-term relationships throughout the broader investment community to provide better capital solutions.