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"The flash-sale shake out has hit home for One Kings Lane. The online furniture retailer — once valued at nearly $1 billion on paper — was sold at a fraction of that figure to Bed Beth & Beyond, which declined to disclose the purchase price on Tuesday other than to say it was “not material.” The San Francisco-based startup joins a laundry list of e-commerce startups that have failed to live up to their lofty valuations after investors pumped hundreds of millions into the space. Fab.com sold for a less-than-fabulous $15 million last year after once being valued at $1 billion, while Gilt Groupe sold to Hudson’s Bay in January for $250 million, a quarter of its peak value. Zulily sold itself to the parent of home shopping channel QVC for $2.4 billion in 2015 after watching its shares plunge 60 percent following its initial public offering. One Kings Lane, founded in 2009 by Alison Pincus and Susan Feldman, was valued at $900 million in", nypost.com
"Bed Bath & Beyond has acquired the once high-flying One Kings Lane home furnishings flash sale site for an undisclosed but “not material” price and expects it to become the cornerstone for its furniture and home décor assortment.", www.furnituretoday.com
"Here's the latest reminder that startup valuations are moving targets: Once hot ecommerce site One Kings Lane was acquired by Bed Bath & Beyond on Tuesday for a price that 'was not material' to the retailer. One Kings Lane, a home furnishing and flas...", www.wptz.com
"Bed Bath & Beyond Inc (NASDAQ:BBBY) stock is currently trading 40.28% below its 52-week-high, 3.76% above its 52-week-low. The 1-year stock price history is in the range of $41.26 - $71.68. Bed Bath & Beyond Inc (BBBY) has a price to earnings ratio of 8.39 versus Services sector average of 20.03. BBBY stock price has underperformed the Nasdaq by 8.1%. The Bedding company is currently valued at $6.57 billion, and its share price closed the last trading session at $42.81. The stock has a 50-day moving average of $44.68 and a 200-day moving average of $47.31.", www.streetreport.co