Bed Bath & Beyond Inc. BBBY, +0.51% said Monday that it has launched its new private-label brand, Nestwell, a collection and items for the bedroom and bathroom including sheets, pillows and towels. Items are affordable, with, for example, washcloths priced at $6 and towels priced at $10 to $20. And many items are made with organic cotton and responsibly-sourced materials. Bed Bath & beyond announced earlier this month that it would be launching six house brands during the first half of the fiscal year. Bed Bath & Beyond stock has gained 65.4% over the last six months, and 528% over the last year. Shares became involved in the short squeeze frenzy that also notably embroiled GameStop Corp. GME, -2.89%. The benchmark S&P 500 index SPX, +0.70% has rallied 71.5% over the past 12 months.
March 23, 2021 at 02:37AM
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Bed Bath & Beyond launches private-label Nestwell brand - MarketWatch
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