Bed, Bath & Beyond

[Admiral Beez]

I assume big cuts will come to Canada’s outlets.

Bed Bath & Beyond to Close 150 Stores, Layoff 20% of Employees Amid Financial Struggles

The retailer's sales are down approximately 26% compared to the same fiscal quarter last year

ca.finance.yahoo.com

Looks like their CFO was more interested in the Beyond.

Bed Bath & Beyond CFO identified as man who plunged to death in New York City

Gustavo Arnal was among the executives who provided details of the company’s turnaround plan, which included cutting 20 per cent of jobs and closing about 150 lower-producing stores.

www.thestar.com

 

[christiesplits]

Reminiscent of Pier 1 a few years ago.

 

[DSC]

Well, the very large BB&B @ Aura shut last year - Ikea is there now. To my surprise, I see they still have 65 Canadian stores.

 

[officedweller]

Bed Bath & Beyond reports quarterly loss, bankruptcy threat looms

Bed Bath & Beyond reports quarterly loss, bankruptcy threat looms

Bed Bath & Beyond Inc on Tuesday reported a quarterly loss of about US$393 million after a tough third quarter that it hoped would provide a financial cushion to its months-long cash burn.

www.ctvnews.ca

 

[Admiral Beez]

Bed Bath & Beyond announces it will leave Canada, shutter all stores, axing some 1,400 jobs

Company missed “warning signals,” analyst says, neglected to change retail strategy as consumer trends shifted during the pandemic.

www.thestar.com

 

[onthestreet]

With dozens of locations across Canada set to be vacated, the question turns to which brands can actually take advantage of this opportunity. We saw BBB leave the aura and IKEA came in, but which brands could take over large-format retail spaces.

Bed Bath & Beyond to Leave Hundreds of Thousands of Square Feet of Vacant Retail Space with Canadian Exit

New tenants will have to be found for spaces vacated by the retailer following court filings last week that will wind down the Canadian retail division.

retail-insider.com

 

[RGB_11]

With dozens of locations across Canada set to be vacated, the question turns to which brands can actually take advantage of this opportunity. We saw BBB leave the aura and IKEA came in, but which brands could take over large-format retail spaces.

Bed Bath & Beyond to Leave Hundreds of Thousands of Square Feet of Vacant Retail Space with Canadian Exit

New tenants will have to be found for spaces vacated by the retailer following court filings last week that will wind down the Canadian retail division.

retail-insider.com

The location in Etobicoke is already right close to a large Ikea store, so
I think what might happen is that the BB&B stores will be split into two smaller stores.
I'd like to see Linen chest have more stores, but I doubt they'll want all that space.
It will be interesting to see what happens...

 

[officedweller]

The usual suspects have been Winners, Homesense, Marshalls, SportChek, Michaels, Structube or even T&T Supermarket.

 

[torontowest91]

I could even see Farmboy taking a few? or what about the brand JYSK?

 

[RGB_11]

I could even see Farmboy taking a few? or what about the brand JYSK?

I was wondering about JYSK! Their locations are so scarce (One in Scarborough, but no other part of Toronto?)
They would be smart to step in and take some stores. (or at least the Etobicoke BB& Beyond location...)