January 13, 2023
Happy Friday, Retail readers. Here's your digest of this week's news.
Programming note: We'll be dark Monday, in observance of Martin Luther King Jr. Day.
🚨 Situational awareness: The New York Times reports that Bed Bath & Beyond is in talks with Sycamore Partners to sell assets as part of a possible bankruptcy process, citing people familiar with the matter.
1. M&A dominates ICR chatter
Day 1 of the ICR Conference 2023 in Orlando included holiday sales presentations and breakouts aplenty, but M&A chatter dominated, Richard wrote Tuesday.
Why it matters: With the IPO market effectively closed, retail M&A activity will be key to the deal-making universe in 2023, and four companies used their breakout sessions to share what's on their mind.