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Retailers find value in their bricks and mortar

Amy Scott Jan 7, 2020
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Kevork Djansezian/Getty Images

Retailers find value in their bricks and mortar

Amy Scott Jan 7, 2020
Kevork Djansezian/Getty Images
HTML EMBED:
COPY

Bed Bath & Beyond has sold about half of its real estate to a private equity firm for more than $250 million. The deal is known as a sale-leaseback, because the company will turn around and rent the same properties from the new owner. It’s become a popular strategy for struggling brick-and-mortar retailers looking to raise cash.

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