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Bed Bath & Beyond buys flash-sales website

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Bed Bath & Beyond Inc. announced it acquired One Kings Lane Inc., a flash-sales website focused on home furnishings and decor.

One Kings Lane also has two design studios in San Francisco and New York where it offers interior-design services.

Terms of the deal were undisclosed.

Flash-sales websites are known for limited time discounts.

Read more from Dow Jones Newswires.

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