Retail News

Bed Bath & Beyond announces $250 million sale-leaseback deal

CNBC 01/06/2020

Bed Bath & Beyond has agreed to a sale-leaseback deal with Oak Street Real Estate Capital that will net the retailer $250 million. Mark Tritton, who joined Bed Bath & Beyond from Target in November, said the deal “marks the first step toward unlocking valuable capital … that can be put to work to amplify our plans to build a stronger, more efficient foundation to support revenue growth, financial stability and enhance shareholder value.”

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