Latest news with #KirklandsInc
Yahoo
4 days ago
- Business
- Yahoo
Bed Bath & Beyond Is Back! Chain Opens New Location Two Years After Shutting Last Store amid Bankruptcy
NEED TO KNOW Bed, Bath & Beyond closed all of its 360 brick-and-mortar stores in July 2023 In October 2024, the retailer partnered with The Brand House Collective, formerly known as Kirkland's Inc. The new collaboration has launched the return of the brick-and-mortar store, with a new name: Bed, Bath & Beyond HomeBed, Bath & Beyond is back — but with a new name! The popular home goods store has reentered the brick-and-mortar scene, two years after shutting down its last store. The new Nashville location opened on Friday, Aug. 8, and will now be known as Bed, Bath & Beyond Home. This follows the company's announcement in 2023 that it filed for bankruptcy and closed all of its physical stores, with the last one closing in July that year. The company still has a significant internet shopping presence. The revival of the storefront follows the company's October 2024 partnership with The Brand House Collective, formerly known as Kirkland's Inc. Bed, Bath & Beyond Home is now a production of the partnership. "We're proud to reintroduce one of retail's most iconic names with the launch of Bed Bath & Beyond Home, beautifully reimagined for how families gather at home today," Amy Sullivan, CEO of The Brand House Collective, said in a press release. "This isn't just a store, it's a fresh start for a brand that means something special to so many families. With Bed Bath & Beyond Home, we're delivering on our mission to offer great brands, for any budget, in every room," she continued. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Bed, Bath & Beyond coupons were no longer available for use after the company filed for bankruptcy. But with the addition of Bed Bath & Beyond Home, fans of the store will finally be able to use their coupons once more. Customers who go to the Nashville store will also receive a new coupon to shop with. Bed Bath & Beyond was originally founded in 1971 . In April 2023, it filed for Chapter 11 protection after several failed attempts to reboot its business. The company announced it would be closing all 360 of its brick-and-mortar stores, and its sister chain, Buy Buy Baby, which the home retailer acquired in 2007, also revealed plans to shut down its business. Bed Bath & Beyond released a general statement to shoppers on its website at the time: "Thank you to all of our loyal customers. We have made the difficult decision to begin winding down our operations. Bed Bath & Beyond and Buy Buy Baby stores remain open to serve you." In August 2023, which launched as an online liquidator in 1999, acquired Bed Bath & Beyond's name, intellectual property and digital assets two months later for $21.5 million. Read the original article on People Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
5 days ago
- Business
- Daily Mail
America's favorite home improvement store back from the dead
Bed, Bath & Beyond is making a comeback with a new bricks-and-mortar store. The new location in Nashville, known as 'Bed, Bath & Beyond Home', aims to offer furnishings for 'every room'. The store opened today, August 8, and fans will be able to use their old Bed, Bath & Beyond coupons. It is the brand's first foray back into physical stores after it filed for bankruptcy in 2023. In October 2024 the brand entered into a partnership with The Brand House Collective, formerly known as Kirkland's Inc, and the new store is a product of that collaboration. 'We're proud to reintroduce one of retail's most iconic names with the launch of Bed Bath & Beyond Home, beautifully reimagined for how families gather at home today,' Amy Sullivan, CEO of The Brand House Collective, said in a statement. 'This isn't just a store, it's a fresh start for a brand that means something special to so many families. As well as honoring old coupons, that customers feared had become worthless after the bankruptcy, Bed, Bath & Beyond said it would be bringing the much-loved tradition back. 'The coupon we all know and love is back and for those who need one, a fresh version will be waiting at the door,' the company revealed. In addition to celebrate the opening the first 25 customers at the store will receive a free queen-size memory foam mattress worth $226.99. Bed, Bath and Beyond had been selling its products online since it emerged from bankruptcy last year. Despite the cost-cutting measure of closing all its physical stores the company continues to bleed cash. It lost $259 million last year, including a dismal 21 percent slide in sales in the last quarter. Bosses told investors on Tuesday that the company is cutting the number of items offered from 12 million to six million. Bed Bath & Beyond was founded in 1971 as a niche homeware store 'Bed N Bath' and went on to become one of the nation's most iconic big box brands. Beyond Inc., which bought beleaguered Bed Bath & Beyond out of bankruptcy, also invested $40 million in The Container Store, which itself recently emerged from bankruptcy. The bathroom goods favorite now stocks its products on shelves at The Container Store following these deals. Store closures have continued to gather pace and remain on track to far surpass the number of stores that shut down last year. 5,822 stores closed in the first half of the year alone, a new report from Coresight Research revealed. By comparison, 7,325 brick-and-mortar stores were closed in the whole of last year. Coresight predicted that as many as 15,000 stores would shut up shop in 2025. While the figures remain under that prediction for now, experts are still concerned about the future of in-store retail as ecommerce giants continue to surge ahead.
