• The National Association of Convenience Stores (NACS) and NielsenIQ have released their third global convenience retailing industry report providing industry-leading data, macro trends and analysis for 35 countries in North America, Europe, Asia-Pacific, and Central and South America. Among the findings:
All but two countries saw gains in convenience store sales during Q3 2022 versus Q3 2021 … Q3 2022 growth rates for many countries nearly doubled or tripled the rates from Q2 2022 … Inflation continues to be a major issue for stores around the world but is highly regionalized in its overall impact on sales.
• The New York Times writes that "Bed Bath & Beyond, the struggling home goods retailer, is in talks with the private equity firm Sycamore Partners to sell assets, including its Buy Buy Baby stores, as part of a possible bankruptcy process, people familiar with the matter said. The retailer is also in talks with other suitors about possible transactions … Bed Bath & Beyond said this month that it was looking for fresh funds after a disappointing holiday season, including a sale of itself in pieces or as a whole. Buy Buy Baby remains a crown jewel for the retailer, but it might be difficult to sell the business as a stand-alone unit, because creditors might resist losing what is arguably the company’s most valuable entity. One way to get around that is for potential buyers to acquire the entire company and close a number of Bed Bath & Beyond locations, one of the sources said.
