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Little-known NJ baby retailer tentatively wins rights to Buy Buy Baby’s IP -

* **Dream on Me’s win is only tentative and could very well be clawed back if Bed Bath & Beyond receives a higher bid at an upcoming auction for all of Buy Buy Baby’s assets.**
* **Everyday ... See More Health Media was selected as a backup bidder.**
* **Since it declared bankruptcy in late April, Bed Bath & Beyond has been determined to sell its assets at the highest price possible**

A little-known baby retailer based in Piscataway, New Jersey, has tentatively won the auction for the intellectual property of Bed Bath & Beyond’s crown jewel Buy Buy Baby, court records filed Thursday say.

Dream on Me Industries, which sells cribs, strollers, and other baby goods through a host of retail partners, won the rights to assets such as Buy Buy Baby’s trademark and domain after an auction Wednesday, according to the records. The price of the winning bid was not disclosed.

Wednesday’s auction was only for Buy Buy Baby’s intellectual property after its parent company Bed Bath & Beyond decided to split up the sale process in an apparent effort to secure a higher bid price. Another auction for all of Buy Buy Baby’s assets, including its many stores, will be held on July 7, the records say.

Dream on Me’s win is only tentative. If Bed Bath & Beyond receives a higher bid at the upcoming auction, it could lose the rights to Buy Buy Baby’s intellectual property.

Everyday Health Media, a digital media company that produces health and wellness content, was selected as a backup bidder.

Since it declared bankruptcy in late April, Bed Bath & Beyond has been determined to sell its assets at the highest price possible. The company has repeatedly pushed back several auctions as it worked to secure buyers.

Interest has centered around Buy Buy Baby, long considered the most valuable part of Bed Bath & Beyond’s business. But the sale process is increasingly uncertain after doubts grew in the days ahead of the auction about the number and size of bids, CNBC previously reported.

The company already offloaded its namesake banner to Overstock.com for $21.5 million. The e-commerce retailer, which plans to change its website name to Bed Bath & Beyond, opted out of acquiring Bed Bath’s stores and inventories.

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Don’t fight the FED, Trade like a Pro Instead: - In this article, we’ll delve into the overlooked economic facts to help readers understand the real picture behind the bullish markets. Let’s explore the nuances of inflation, beyond the headline numbers, shedding light on core and “super core” measurements. Discover ... See More how rising inflation might pave the way for more restrictive policies, quantitative tightening, and an increased likelihood of rate hikes.

Inflation perceptions can be misleading. While the headline inflation appears to have decreased from 7% to 3.8%, a closer look at core inflation, which excludes food and energy (volatile sectors), reveals a different story. Core inflation has actually risen to 4.6%, compared to its previous peak of 5.4%. Moreover, the Federal Reserve is now paying attention to the “super core” inflation as indicated at their FOMC meeting. This data reveals an increase in inflation of 0.2% in May and a 4.5% overall rise versus a year ago.

Therefore, Contrary to popular belief, inflation is on the rise as far as the Federal Reserve is concerned. This suggests an imminent shift towards more restrictive policies, quantitative tightening, and an increased likelihood of rate hikes. While the market attempts to “fight the Fed” and dismisses their hawkishness as a bluff, let’s uncover the truth behind these economic indicators and the likelihood of a FED induced recession.

While we have been exposed to the bullish arguments, such as the growth of Artificial Intelligence (AI) and improving Q2 earnings forecasts, it is essential to acknowledge the potential challenges ahead. At best, the United States could face a “Growth Recession” by Q1 2024. Furthermore, monetary policy tends to lag behind the Federal Reserve’s rapid campaign, and concerns arise from indicators like the inverted yield curve and worries about consumer resilience.

Before questioning consumer sentiments, let’s examine the June 27th Durable Goods Orders report. While there was excitement over the 1.7% rise in goods orders in May, Over the past year, there has been a 5.4% increase in orders for durable goods, but orders excluding transportation have seen a 0.3% decline. However, taking into account the 5.2% rise in producer prices for capital equipment during the same period, it becomes apparent that headline orders have remained almost unchanged when adjusted for inflation. It is crucial to focus on the core shipments, which reveal a fifth consecutive quarterly deceleration in growth pace. This indicates the weakest quarter since the COVID shutdown restricted the second quarter’s performance.

Now, turning our attention to GDP, it is noteworthy that people have become excessively enthusiastic about a 2% real GDP print. However, economic data can often be heavily influenced by political factors. It’s important to remember that real GDP has only increased by 1.8% compared to a year ago, while jobs have seen a growth of 2.7%. This decline in productivity raises concerns.

Lastly, let’s consider the jobless claims and their potential to signal a recession. While the market celebrated a recent decline in initial claims, it’s essential to note that Juneteenth wasn’t recognized as a national holiday until 2021. Seasonal adjustments may not have accounted for this yet, and last week’s drop is not a reliable indicator of anything substantial, except for the fact that it was a week shortened by the holiday.

By examining these critical factors and indicators, we can shed light on the economic realities that challenge the prevailing bullish narratives.

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Thanks Jim

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