Latest news with #BedBath&Beyond
Miami Herald
10 hours ago
- Business
- Miami Herald
Popular bankrupt retailer comes back to life
There are some stores that people can take or leave, and others that tend to command customers' loyalty. Take Costco, for example. Though the company's business model isn't perfect, and many people don't love the idea of having to pay a membership fee to get in the door, it's fair to say that Costco has a huge cult following, to the point where some consumers are downright obsessed. Related: Costco adds strict new policy for free samples Trader Joe's is similar. There's something about the fun product lineup, seasonal offerings, and friendly service that keeps customers coming back. Bed Bath & Beyond was once, like Costco and Trader Joe's, a store that fans just loved. Don't miss the move: Subscribe to TheStreet's free daily newsletter From the fun home decor to the handy kitchen gadgets, Bed Bath & Beyond was a popular destination for couples filling their wedding registries, new homebuyers, and college-bound students needing cheap towels and shower caddies for their dorms. Unfortunately, the company's financial struggles caught up to it. Following an extended period of declining sales, due in part to competition from giants like Amazon and Target, Bed Bath & Beyond filed for Chapter 11 bankruptcy in April 2023. Soon after, the company moved forward with liquidating hundreds of stores, leaving many consumers heartbroken. Even though Bed Bath & Beyond shut down its physical store footprint, it did not disappear forever in the wake of its bankruptcy filing. Instead, purchased the brand and relaunched its website using the Bed Bath & Beyond name. Overstock then rebranded itself as Beyond Inc. Related: Michaels grows as Joann, Party City close stores in bankruptcy Following that deal, Beyond entered into an agreement with specialty retailer Kirkland's to sell Bed Bath & Beyond products in its stores. It later acquired the buybuy Baby brand as well. Kirkland's didn't want to sit out of the rebranding party, though. As part of its attempt to stave off bankruptcy and reinvent itself, Kirkland's rebranded as The Brand House Collective - a move the company's CEO called a "defining moment" for the business. A big goal of the new Brand House Collective is to revive the Bed Bath & Beyond name and recapture those consumers who were loyal to the home goods giant back when it was open and operational. Fans of Bed Bath & Beyond should be thrilled to learn that there's a new store slated to open in Nashville, Tennessee, on August 8. In June, the Brand House Collective announced plans to operate hundreds of stores, housing the Bed Bath & Beyond brand in the process. Related: JCPenney goes with heavy discounts to win back customers Not only will the new Bed Bath & Beyond location feature the fun and affordable inventory consumers know and love, but the store will also be accepting the iconic coupons Bed Bath & Beyond customers once loved to stockpile. Fans who couldn't bear to throw away their stash of Bed Bath & Beyond coupons will be able to redeem them at the new store. The new location will also be giving out fresh coupons for customers to use. For many Bed Bath & Beyond fans, collecting and maximizing those famous coupons was a game of sorts - and one that often resulted in massive savings. In addition to honoring the store's famous coupons, the new Bed Bath & Beyond store is running a promotion as part of its launch, where the first 25 people to make a purchase will receive a 10-inch memory foam queen-sized mattress called The Beyond Bed. More Retail: Walmart CEO sounds alarm on a big problem for customersTarget makes a change that might scare Walmart, CostcoTop investor takes firm stance on troubled retail brandWalmart and Costco making major change affecting all customers "We're proud to reintroduce one of retail's most iconic names," said Amy Sullivan, CEO of The Brand House Collective, 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." Related: Costco has another rule members may not know The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Straits Times
23-07-2025
- Business
- Straits Times
‘Flight to crap': US meme stock fever is spreading like it's 2021
NEW YORK – Stocks are at all-time highs. Chatter on WallStreetBets, a popular forum on the Reddit website, is surging. Retail traders are flooding into low-priced shares. It's not 2021, and the shares of the moment aren't GameStop, AMC Entertainment Holdings or the now-bankrupt Bed Bath & Beyond. In 2025's meme stock mania, the companies du jour are Opendoor Technologies and Kohl's Corp. The similarities are clear: Like the episode four years ago, amateur traders are piling into heavily shorted companies with low share prices in a bid to strike quick riches. And, as was the case back then, it comes at a time of broad market euphoria: the S&P 500 is at an all-time high, Bitcoin has doubled in less than year and blank-cheque companies are all the rage again. 'I've been seeing signs of a 'flight to crap' recently,' said Steve Sosnick, chief strategist at Interactive Brokers. 'The recent rally, which was largely powered in its initial phase by individual investors buying large cap stocks and major indices, has emboldened many to engage in more risky types of investing.' The latest day-trader darling is Kohl's. The retailer's share price more than doubled at one point on July 22, coming after tech-powered home flipper Opendoor skyrocketed last week. The Campbell's Co., Aehr Test Systems, Polaris and Wendy's, which also have relatively high short interest, are also attracting buyers. Yet unlike the pandemic era, when stimulus cheques shored up household finances and Covid restrictions limited spending options, traders could face a tougher backdrop this time around. Just three months ago, stocks were plunging as President Donald Trump unveiled his new tariff plan, and many everyday Americans are still struggling under higher prices and a brutal housing market. And those who do have money to burn have no shortage of alternatives that weren't as readily available just a few years ago, from sports betting to a bevy of new crypto investment options to prediction markets like Kalshi. Top stories Swipe. Select. Stay informed. Business Singapore's digital banks finding their niche in areas like SMEs as they narrow losses in 2024 World Trump says US will charge 19% tariff on goods from Philippines, down from 20% Singapore Two found dead after fire in Toa Payoh flat Singapore 2 foreigners arrested for shop theft at Changi Airport Opinion Most companies onboard wrong – here's how to get it right Sport AC Milan's Rafael Leao gives Singapore fan an unforgettable birthday Life Ozzy Osbourne, Black Sabbath's bat-biting frontman turned reality TV star, dies aged 76 Singapore Ports and planes: The 2 Singapore firms helping to keep the world moving Despite all the risks, both professional and amateur traders are in full risk-on mode, leaving some experts worried about irrational exuberance creating a bubble that's destined to pop. It's a fear that's only gaining in credibility as so-called 'dumb money' floods back into risky companies with little to no profitability. 'The meme stock enthusiasm tends to overlap with crypto enthusiasm,' said Michael O'Rourke, chief market strategist at JonesTrading. 'There's been significant crossover from the crypto market into equities, with many shell companies converting their business models into digital asset treasury companies. Now the fever is spreading to meme stocks.' FOMO market The frenzy has been building in recent weeks. The S&P 500 reached another record this week, Bitcoin remains near US$120,000, while special purpose acquisition companies, or Spacs, are having their busiest year of initial public offerings since 2021. 'New highs feed into the fear of missing out,' said Michael Arone, chief investment strategist at State Street Investment Management. 'Certainly there seems to be a fair amount of liquidity blowing into the market.' Retail traders are now a key component of the US stock market, comprising 20.5 per cent of total volume. On top of that, trading activity in names priced below US$5 makes up more than 26 per cent of the overall trading volume, according to Jefferies Electronic Trading Solutions. Looming concerns Of course, piling money into shoddy equities isn't for the faint of heart. While many retail traders brag about striking it big, others tell tales of epic wipeouts. The all-or-nothing gamble was somewhat more tolerable back in 2021, when stimulus cheques from the federal government helped shore up Americans' savings and any losses could be written off as the cost of having fun. These days, the job market is weaker, interest rates are higher and mandatory student loan payments have resumed. That has some analysts predicting this meme stock rally will fade much more quickly. Others see the return of meme stocks as a natural release for investors who were spooked earlier this year by sharp market losses after Mr Trump's 'Liberation Day' tariff announcement. Since he paused those rates from taking effect – ushering in the so-called TACO trade, based on the idea that 'Trump Always Chickens Out' – the equity market has seen its fastest-ever recovery from a bear-market drawdown. That's padded the wealth of investors big and small. Mr Arone at State Street draws comparisons to 1998, when financial crises in Asia and Russia rattled markets. 'It was an incredibly volatile year, yet it also ended up being a very strong year for markets,' he said. 'And I think that's where we may end up in 2025. So I'm uncomfortably bullish.' BLOOMBERG
Business Wire
08-07-2025
- Business
- Business Wire
Beyond, Inc. Scheduled to Release Second Quarter 2025 Financial Results
MURRAY, Utah--(BUSINESS WIRE)--Beyond, Inc. (NYSE:BYON) (the 'Company'), owner of Bed Bath & Beyond, Overstock, buybuy BABY, and a blockchain asset portfolio, today announced that it is scheduled to release second quarter 2025 financial results after the market closes on Monday, July 28, 2025. The Company has also scheduled a conference call and webcast to be held on Tuesday, July 29, 2025, at 8:30am ET to discuss these results and take questions from participants during the live event. Questions may also be submitted to ir@ in advance. Webcast and Replay Information To access the live webcast, visit To participate in the conference call via telephone, please pre-register at this link: Q2 2025 Beyond, Inc. Earnings Conference Call. Registrants will receive dial-in information and a unique PIN to access the live call. A replay of the conference call will be available at two hours after the live call has ended. About Beyond Beyond, Inc. (NYSE:BYON), based in Murray, Utah, is an ecommerce-focused retailer with an affinity model that owns or has ownership interests in various retail brands, offering a comprehensive array of products and services that enable its customers to enhance everyday life through quality, style, and value. The Company currently owns Bed Bath & Beyond, Overstock, buybuy BABY, and other related brands and websites as well as a blockchain asset portfolio. The Company regularly posts information and updates on its Newsroom and Investor Relations pages on its website, This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact, including but not limited to statements regarding our quarterly earnings reporting and timing thereof. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 25, 2025, and in our subsequent filings with the SEC.
Miami Herald
24-06-2025
- Business
- Miami Herald
One retail brand's comeback means another will close
American retailers have been on a rollercoaster for the last few years. First, the pandemic reduced foot traffic in stores across the country, which changed consumers' shopping habits, even as in-store shopping resumed. More recently, uncertainty around tariffs has caused all sorts of reverberations in the business world. Dozens of well-known names have closed underperforming stores and, in some cases, shut down altogether. Don't miss the move: Subscribe to TheStreet's free daily newsletter Joann, the crafting and sewing leader, fast-fashion brand Forever 21, and Party City all closed down, citing everything from debt to changing consumer behavior, declining sales, and competition from online businesses like Amazon and retailers like Walmart that are more adept at e-commerce. Bed Bath & Beyond was another victim of the retail apocalypse, filing for Chapter 11 bankruptcy in April 2023 and closing all its brick-and-mortar stores. Now, a one-time competitor will lean on the brand's recognition as it works to start its own fresh chapter, which centers on "life's moments in every room where families gather, entertain, rest, and relax." Kirkland's, a home-goods brand familiar to suburban shoppers in 35 states, especially in the South and Eastern U.S., is reinventing itself using the Bed Bath & Beyond name and committing to a new strategy, counting on Bed Bath & Beyond, one of the retail's most recognizable brands, to give it a boost. Kirkland's just announced it plans to rebrand as The Brand House Collective and will serve as an umbrella company for several other home-good-focused brands besides Bed Bath & Beyond, including Overstock and Buybuy Baby. Kirkland's will redesign stores, open new ones, and close others. It also announced a leadership overhaul. Related: Huge housing brand franchisee was running a huge con The company is bringing in veterans from retailers like Camping World, Crate & Barrel, and Pier 1 Imports, along with a slate of experts in retail finance and accounting. The shift comes less than a year after Beyond Inc. (formerly acquired Bed Bath & Beyond's intellectual property following the 2023 bankruptcy. Beyond also acquired Kirkland's IP in a $5 million acquisition. More on retail and bankruptcy: Walmart store closing, auctioning off laptops and flat screen TVsHome Depot CEO sounds the alarm on a growing problemFamous restaurant files for Chapter 11 bankruptcy Now, Bed Bath & Beyond has a chance to return to its brick-and-mortar roots. "The Brand House Collective is more than a new name - it's a bold declaration of where we're headed," said Kirkland's CEO Amy Sullivan in an announcement. "This is a defining moment for our company. As we transition into The Brand House Collective, we are building a team that reflects the future we're creating - bold, customer-obsessed, and rooted in merchant excellence." Kirkland's plans to reduce its store count from 313 to around 290, closing underperforming locations and streamlining operations. At the same time, it will begin opening new Bed Bath & Beyond Home stores, starting with six in the Nashville area this August and another five by year's end. More than 75 new stores are planned for 2026. In addition, the company will pilot Overstock physical retail locations in the Nashville area, with a goal of reaching 30 stores nationwide following the test. Kirkland's online presence will also change, rebranding its website as "Kirkland's Home x Bed Bath & Beyond Home" to reflect the multi-brand approach. Related: Another popular home goods shuttering dozens of locations Beyond Inc. is funding much of this transformation. In addition to the $5 million IP purchase, it is providing $17 to $25 million in debt financing, with the option to convert that debt into up to 95% ownership of the restructured business. Bottom line: Beyond Inc. is betting big on physical retail, even as the industry continues shifting toward online. The rebranding to "The Brand House Collective" will be put to a shareholder vote at Kirkland's annual meeting in July. If approved, the company will change its stock ticker from KIRK to TBHC, signaling a new era for the business. Related: Wells Fargo faces another serious customer scandal The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Axios
16-06-2025
- Business
- Axios
At Home enters bankruptcy amid tariff concerns
At Home has started bankruptcy proceedings amid economic concerns about tariffs but plans to keep most of its stores open. Why it matters: The Coppell-based low-priced home goods company says it has faced "continued volatility" in the home goods industry. "We are operating against the backdrop of an increasingly dynamic and rapidly evolving trade environment as we navigate the impact of tariffs," At Home announced Monday. The big picture: At Home now joins other major retailers — including Joann, Bed Bath & Beyond, Party City and Conn's — that have filed for bankruptcy in recent years. The latest: At Home recently reached a restructuring agreement with lenders with more than 95% of the company's debt. The process includes filing for voluntary Chapter 11 bankruptcy and changing ownership. The company plans to close 26 stores by Sept. 30 — none are in Texas, per the Des Moines Register. Flashback: In 2022, the company moved its headquarters from Plano to the Cypress Waters development. The building was big enough to accommodate 1,000 employees over the next 10 years. At Home was expecting to expand to 600 stores. The company currently has 260 stores, per court filings. What's next: At Home says most of its stores will continue to operate in the "normal course of business." The company's return policies, loyalty program and gift cards will remain. The website will also make sales. "At Home is not shutting down," the company says. Reality check: Though filing for bankruptcy isn't a death sentence, it's common for a company to say it will stay open and shut down later.
