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Feb. 18, 2020, 7:14 a.m. EST

Bed Bath & Beyond shares rise after agreement to sell PersonalizationMall.com for $252 million

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By Tonya Garcia

Bed Bath & Beyond Inc. /zigman2/quotes/209801102/composite BBBY +4.31% stock rose 1.2% in Tuesday premarket trading after the home goods retailer announced that it would sell PersonalizationMall.com to 1-800-Flowers.com Inc /zigman2/quotes/204552624/composite FLWS +3.56% for $252 million. After the transaction closes, PersonalizationMall.com will continue to provide services to Bed Bath & Beyond and Buybuy Baby. In a statement, Chief Executive Mark Tritton said the move is an effort to focus on the core home, baby and beauty businesses. Bed Bath & Beyond shares sank 27% last week after the company issued a sales warning. The stock is down 34% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.60% has gained nearly 22% for the period.

/zigman2/quotes/209801102/composite
US : U.S.: Nasdaq
$ 14.53
+0.60 +4.31%
Volume: 9.37M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$1.83 billion
Rev. per Employee
$191,341
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/zigman2/quotes/204552624/composite
US : U.S.: Nasdaq
$ 25.01
+0.86 +3.56%
Volume: 660,554
Sept. 25, 2020 4:00p
P/E Ratio
28.51
Dividend Yield
N/A
Market Cap
$1.61 billion
Rev. per Employee
$252,725
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/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
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