Latest news with #BedBathBeyond
Yahoo
9 hours ago
- Business
- Yahoo
First Bed Bath & Beyond Home store in Nashville to open this August
US home decor retail chain The Brand House Collective, formerly known as Kirkland's, will open its first Bed Bath & Beyond Home store in Nashville, Tennessee, on 8 August 2025. This marks the company's inaugural launch under its new identity following shareholder approval on 24 July 2025. This June, the company disclosed strategic adjustments to its operations and management. The overhaul includes a shift to become a multi-brand retail operator, streamlining its physical footprint, and enhancing core business processes to foster growth. The strategy involves consolidating properties and closing underperforming stores to reduce excess inventory, aiming for faster stock turnover and improved asset returns. Furthermore, the company plans to operate 290 stores, housing brands such as Kirkland's Home, Bed Bath & Beyond Home, and Overstock. The company said: "To celebrate our grand opening on 8 August, in honouring our brand's history, we're bringing back the beloved Bed Bath & Beyond coupon." The retailer has invited customers to redeem their legacy coupons or receive a new one at the store, with the first 25 purchasers receiving a free memory foam mattress. From today (29 July), The Brand House Collective will trade under the new ticker symbol 'TBHC', with no action required from shareholders concerning the change. Earlier in the month, the company revealed a series of executive appointments as part of its transformation into The Brand House Collective. Specifically, Andrea Courtois took on the role of senior vice-president and chief financial officer, succeeding Mike Madden. "First Bed Bath & Beyond Home store in Nashville to open this August" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
CBS News
04-07-2025
- Business
- CBS News
Pickleball courts to replace former Bed Bath & Beyond near Massachusetts mall
Unlikely friendship blossoms on the pickleball court between two men 25 years apart A new pickleball facility is replacing a shuttered Bed Bath & Beyond store in Massachusetts. The Picklr is set to open in the 36,000 square-foot space at Endicott Square in Danvers, right across from the Liberty Tree Mall. The national chain that offers summer camps, leagues and clinics for adults and children already has locations in Burlington and Westfield. The Bed Bath & Beyond in Danvers closed in 2023 after the company declared bankruptcy and went out of business. Other retailers have stepped in to take over the vacant stores, such as Burlington and Ocean State Job Lot. Boston Business Journal executive editor Doug Banks tells WBZ-TV that indoor pickleball courts are proving to be a popular option for malls looking to fill space in a difficult retail environment. A pickleball center moved into a closed Neiman Marcus store at the Natick Mall, and Patriot Place in Foxboro is debuting outdoor and indoor courts next month. "For pickleball companies, like this case The Picklr, they're adding players and they're adding interest in this growing sport, but for the landlords it's also providing foot traffic," he said. Indoor courts also solve the problem of noise complaints about pickleball. Earlier this year, Nantucket considered banning pickleball across the island because neighbors had issues with the decibel level. Some residents in Braintree have also complained about the unrelenting sounds of the sport, which has exploded in popularity and drawn hundreds of players a day to the town's outdoor courts.
Yahoo
02-07-2025
- Business
- Yahoo
Francesca's veteran joins Kirkland's as CFO amid transition to ‘Brand House Collective'
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. As it morphs into 'The Brand House Collective,' a multi-brand retailer and supply chain operator that includes Bed Bath & Beyond and Overstock, Kirkland's on Tuesday announced a slew of leadership appointments. Most prominently, Francesca's financial executive Andrea Courtois on July 21 will join as chief financial officer; she also previously had leadership roles at La Senza, Lane Bryant and Lands' End. Courtois succeeds longtime Kirkland's executive Mike Madden, who returned to the company in 2022 to take the post. Michael Sheridan, a veteran of Community Brands, Ceridian and Comdata, joined the company on Monday as general counsel and corporate secretary, and Mandy Gauldin has been promoted to vice president of talent and culture, the company also said. Kirkland's CEO Amy Sullivan billed this slate of appointments as a sign of 'continued momentum in advancing our transformation.' The company just a few weeks ago announced shakeups to its board and executive suite. 'The team we are building brings a powerful mix of fresh perspectives and deep expertise, united by a clear mandate: move faster, lead with accountability and drive meaningful outcomes,' she said in a statement. 'As The Brand House Collective, we're raising expectations and building an organization that delivers results brand by brand." The Brand House Collective joins Kirkland's with Beyond Inc. and its brands Bed Bath & Beyond, Overstock and BuyBuy Baby; shareholders vote on the move at Kirkland's July 24 annual meeting. The goal behind the formation of most such conglomerates is to achieve, as Sullivan put it, a 'multi-brand operating model designed to scale profitably.' Last month, as Kirkland's reported double-digit Q1 declines in its top- and bottom-lines, Sullivan acknowledged that its existing partnership with Beyond 'needed to evolve.' Beyond Inc. in May acquired the home goods retailer's IP for $5 million. The companies had forged a strategic partnership in October, when Beyond provided Kirkland's with $17 million in debt financing. The tie-ups are not just operational: These brands are also enmeshed to varying degrees. Last month Kirkland's said it is going forward with plans to consolidate real estate and then treat about 290 of its locations 'as the foundational footprint for Kirkland's Home, Bed Bath & Beyond Home, and Overstock.' That includes converting Kirkland's Home stores to Bed Bath & Beyond Home stores and co-branding Kirkland's Home and Bed Bath & Beyond Home online. 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
Fast Company
20-06-2025
- Business
- Fast Company
Kirkland's Home is closing dozens of stores in new rebrand, adding to list of retailers shutting locations in 2025
Dozens of Kirkland's Home stores will close as part of the retailer's recently announced rebranding efforts. Some existing stores will be converted to Bed Bath & Beyond Home stores as part of the transformation, the company said this week. Kirkland's will streamline its footprint by closing at least two dozen of its 313 existing Kirkland's Home stores. The company will launch its first Bed Bath & Beyond Home store in Brentwood, Tennessee, in August 2025, with five stores to follow. Pending the initial market launch, the retailer intends to open approximately 75 additional stores through 2026. The Tennessee-based retailer also plans to open its first physical Overstock store location in Nashville, with about 30 additional stores to open after the initial launch. These plans align with Kirkland's broader goal to be a multi-brand retail operator. 'By consolidating real estate and leveraging underperforming store closures to reduce excess inventory, we believe we will drive faster inventory turn and maximize return on assets,' the retailer said in a press release. 'Following the consolidation, we expect to move forward with approximately 290 of our current store locations as the foundational footprint for Kirkland's Home, Bed Bath & Beyond Home, and Overstock.' Fast Company contacted the brand to request a list of locations that will close. We will update this story if we receive a reply. Kirkland's Home rebrand reflects a broader transformation Kirkland's corporate name will officially change to The Brand House Collective pending shareholder approval at the company's next annual meeting on July 24, 2025. Its ticker symbol will also change from 'KIRK' to 'TBHC,' pending approval next month. Kirkland's CEO, Amy Sullivan, explained the intention behind the rebrand in the company news release: 'We're aligning our identity with our vision to become a multi-brand merchandising, supply chain and retail operator—and backing it with decisive actions to strengthen our foundation: reducing excess inventory, closing underperforming locations, optimizing real estate assets, and enhancing talent across the organization.' Amy Sullivan will lead as the CEO and chief merchant and creative officer of The Brand House Collective. The company announced the following additions to its corporate team: Chief Operating Officer Jamie Schisler will oversee operations. VP General Merchandising Manager of Bed Bath & Beyond Home Kerri Dlugokinski will lead all merchandising efforts. VP of Supply Chain Courtenay Adolf is responsible for global sourcing, transportation, and distribution centers. The retailer also announced changes to its board of directors. Effective June 24, 2025, appointees Eric Schwartzman, Neely Tamminga, Tamara Ward, and Steve Woodward will serve as board members. In October 2024, Kirkland's announced a strategic partnership with Beyond, Inc., which owns brands Bed Bath & Beyond, Overstock, and buybuy Baby.
Yahoo
18-06-2025
- Business
- Yahoo
Kirkland's tightens ties to Bed Bath & Beyond, rebrands as ‘Brand House Collective'
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. In a major rebrand and 'operational reset' announced Tuesday, Kirkland's plans to change its corporate name to The Brand House Collective, reflecting its tie-up with Beyond Inc. and brands Bed Bath & Beyond, Overstock and BuyBuy Baby. Shareholders will vote on the change at Kirkland's July 24 annual meeting. The move follows Beyond Inc.'s $5 million acquisition of the home goods retailer's IP last month. The companies had forged a strategic partnership in October when Beyond provided Kirkland's with $17 million in debt financing. Also on Tuesday, Kirkland's released its Q1 results, a raft of top and bottom line declines, and announced shakeups to its board and executive suite. Kirkland's plans are the latest in a dizzying series of branding and operating shifts at Beyond Inc. Two years ago Overstock acquired Bed Bath & Beyond for $21.5 million, rebranded to Beyond and shut down the Overstock site. Months later, the company called closing up Overstock 'a fatal mistake' and has not only restored its website but is also now planning to open Overstock stores. Earlier this year, Beyond sold a majority stake in Zulily for $5 million, after acquiring it last year for $4.5 million, and approved the opening of a BuyBuy Baby store, just months after closing all of that banner's locations. Kirkland's CEO Amy Sullivan said in a statement Tuesday that 'from the moment our partnership with Beyond began it was clear that our model needed to evolve' and that the goal is to build 'a leaner, flatter and performance-led organization — driven by transformation, anchored in accountability, and powered by new ideas that we believe will deliver results.' Becoming 'a multi-brand merchandising, supply chain and retail operator' will entail 'reducing excess inventory, closing underperforming locations, optimizing real estate assets, and enhancing talent across the organization,' she also said. To that end, Kirkland's has brought on new executives, including Express Inc. veteran Jamie Schisler as chief operating officer; Target veteran Kerri Dlugokinski as vice president general merchandising manager at Bed Bath & Beyond Home; and an executive with experience in supply chain strategy and efficiency, Courtenay Adolf, to lead global sourcing, transportation and distribution centers. The company also shuffled its board ranks. Susan Lanigan left Thursday, and those leaving June 24 include Ann Joyce, who served as interim CEO before Sullivan's appointment last year; Charlie Pleas III; Chris Shimojima; and Jill Soltau, previously CEO of J.C. Penney and Joann. Sullivan will remain, though her title will change to CEO and chief merchant and creative officer of The Brand House Collective. Joining her on the board June 24 will be Eric Schwartzman, a veteran of legacy Bed Bath & Beyond; Neely Tamminga, a co-founder of strategic advisory firm Distill and previously a senior research analyst at Piper Jaffray & Co.; Tamara Ward, previously chief operating officer at Camping World, where Beyond Inc. Executive Chairman and Principal Executive Officer Marcus Lemonis is also CEO; and Steve Woodward, previously CEO of Kirkland's Home and executive at Crate & Barrel and Pier 1 Imports. The existing tie-up between Kirkland's and Bed Bath & Beyond will continue to drive both operations and branding. On Tuesday Kirkland's reiterated plans to consolidate real estate and then 'move forward with approximately 290 of our current store locations as the foundational footprint for Kirkland's Home, Bed Bath & Beyond Home, and Overstock.' That includes converting Kirkland's Home stores to Bed Bath & Beyond Home stores, the first in Brentwood, Tennessee, in August, followed quickly by five more and, though 2026, another 75 or so, per Tuesday's release. At the same time, the Kirkland's Home website will be co-branded with Bed Bath & Beyond Home, the company said. And Overstock, previously an online-only retailer, will open its first store in Nashville, with plans to expand to about 30. The company is also 'finalizing store designs for BuyBuy Baby and other potential concepts.' The company is exploring a franchise model in addition to running its own stores. Kirkland's as The Brand House Collective is attempting this series of turnarounds and reorganizations at a volatile time for furniture and home goods retail. The segment has been in a funk following a pandemic-related boom, though May sales rose nearly 9% year over year. On Monday At Home filed for bankruptcy, citing tariffs and consumer uncertainty. Kirkland's itself struggled in Q1: Net sales fell more than 11% year over year to $81.5 million, with store comps down 3.1% and e-commerce down 26.7%. Gross margin shrank to 24.9% from 29.5% a year ago, as net loss expanded by 34% to $11.8 million. Recommended Reading Nordstrom welcomes SkinSpirit to NYC flagship Sign in to access your portfolio
