Several Buy Buy Baby, Harmon stores to reopen after buyers scored deals on the bankrupt brands
Publishing timestamp: 2023-08-17 15:49:11
Summary
The article discusses the plans to reopen Buy Buy Baby and Harmon stores after Bed Bath & Beyond's bankruptcy. The new owners of Buy Buy Baby plan to reopen 11 stores in the Northeast and have ambitions to expand to 100-120 stores over the next few years. The new owner of Harmon plans to reopen at least five stores in the tri-state area. The article highlights the importance of brick-and-mortar stores for these businesses to differentiate themselves from mass retailers like Walmart and Target. It also mentions the challenges faced by retailers in the baby goods industry and the need for a unique value proposition to succeed.
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Keywords: retail industry, business, target corp, business news, corporate bankruptcy, bed bath & beyond inc, walmart inc, breaking news: business, wag! group co, walgreens boots alliance inc, cvs health corp,
Source: https://www.cnbc.com/2023/08/17/buy-buy-baby-harmon-face-value-stores-to-reopen.html