"It's a lot of inventory, it's a lot of supply chain management, but it's all stuff we've done before, so we feel pretty comfortable on our timeline," he said.Īmlani said Putman's strategy is "a crazy idea but it could work if certain ducks are in order. She says it's a monumental task to make sure the chain will have inventory on the shelves in time for launch, but Putman says he is confident that won't be an issue, since vendors were very receptive to the plan. "That home customer has more choices than ever." "How do they know what the customer wants from them, as they never existed before?" she said. She notes that one of the chain's locations will be in London, Ont., in an outlet mall that already has a half-dozen other chains selling similar goods in close proximity, from Winners, Marshalls and HomeSense to Bouclair, Urban Barn and Kitchen Stuff Plus. The home and decor market that rooms + spaces is targeting, meanwhile, is huge and growing, she says, but already full with experienced, large players. "They got a great deal," retail consultant Liza Amlani says, but that's not to suggest that either venture is without risk. Store locations (218 Bed Bath & Beyond store locations), shopping hours, map, phone number, contact information. Whether you’re looking to equip your house with the basics like bedding and cookware or looking to give your space a stylish update with home décor, the Bed Bath & Beyond® store in Clive has everything you want and everything you didn’t know your home needed. Putman says he would have been prepared to start with even more locations, but landlords had other tenants in mind.Ī major one of those tenants was revealed in a separate piece of news on Wednesday, as Canadian Tire announced it would be taking over 10 former Bed Bath & Beyond stores and converting them into Mark's Work Wearhouse and Pro Hockey Life locations.įinancial terms for Putman's transaction were not released, but the price tag for Canadian Tire's deal - $1.6 million to acquire 10 leases - suggests landlords were keen to find people to take over as many of Bed Bath & Beyond's several dozen locations as possible. Bed Bath & Beyond near me Bed Bath & Beyond store locator at shopping malls in the USA. The company will be hiring about 500 people off the bat, and the venture will be led by Greg Dyer, the former general manager for Bed Bath & Beyond in Canada. In total, rooms + spaces will launch with 800,000 square feet of retail space, plus an e-commerce website. "In some cases, there were other retailers that were interested and in some cases, the deals just didn't make sense to do it, anywhere that we're not, we're still looking," he said. That's less than half of the 60-odd locations that Bed Bath & Beyond took up, and Putman says he would have been happy to take in more. Putman's endeavour will start with 21 locations scattered across Ontario, British Columbia, Alberta, Saskatchewan and Newfoundland and Labrador. "We felt like we could put together a team that could service the Canadian marketplace, the way that Bed Bath & Beyond used to." That's a reference to Putman's previous retail ventures, all of which follow a similar pattern: coming in and either moving into former locations of a defunct chain, or in some cases buying up the brand itself. "That is kind of the story with most things that we buy - good companies that have just lost their way," he said. Can a 34-year-old Canadian business school dropout rescue Britain's HMV?.More: Bed Bath & Beyond warns of possible bankruptcy as sales continue to declineĪfter the closures, 16 Michigan stores will remain, according to the company's list of locations. The company said Tuesday it will slash an additional $80 million to $100 million across the company, including an unspecified number of layoffs, according the the Associated Press. The Union, New Jersey-based retailer warned earlier this month it may need to file for bankruptcy as sales continue to drop, according to the Associated Press. White Lake Township: 9050 Highland Road.Northville Township: 17223 Haggerty Road.Farmington Hills: 31075 Orchard Lake Road Marketplace, Beaumont, CA 92223 1905 Calle Barcelona Suite 100, Carlsbad, CA 92009 2101 Martin Luther King Parkway, Chico, CA 95928 10822 Jefferson Blvd., Culver City, CA.The closings follow five other Michigan locations that were set to shutter in 2022: The four other stores were listed as open Tuesday. The Auburn Hills store is no longer listed as an open location on the company's website. Bed Bath & Beyond will close five more stores in Michigan, according to an updated list posted by the company.
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