Bed Bath bankruptcy could be ‘modest tailwind’ for Wayfair, Overstock, says BofA

After Bed Bath & Beyond (BBBY) announced on Sunday morning that the company had voluntarily filed for Chapter 11 bankruptcy protection, BofA says the firm believes that Wayfair (W) and Overstock (OSTK) could see "modest revenue upside" in the event of a full liquidity or closure of the majority of Bed Bath’s stores, though inventory liquidations could be a near-term headwind. The firm sees "minimal to no impact" to RH (RH) and Arhaus (ARHS) revenues from the news, the analyst added.