When Bed Bath and Beyond filed for bankruptcy in April 2023 and shuttered its brick-and-mortar presence, shoppers thought the retailer was gone for good. But the home goods giant, famous for its 20% off coupons and variety of kitchen and bath products, began reopening stores last summer, resurfacing as a strong housewares competitor.
And now the company has announced a merger with The Brand House Collective Inc. (formerly Kirkland’s) in a deal worth approximately $26.8 million.
“This acquisition is a big step in building a profitable, growth-oriented Everything Home company,” Marcus Lemonis, executive chairman of Bed Bath & Beyond, noted in a press release detailing the merger, which is expected to take place in early 2026.
The move comes just months after Bed Bath & Beyond acquired the intellectual rights to Kirkland’s Home. As part of that deal, Bed Bath & Beyond announced it would turn all Kirkland’s Home locations into Bed Bath & Beyond stores.
According to the release, the merger is expected to unlock at least $20 million in cost eliminations and more than 40 underperforming stores have been identified for closure.
It is unclear which stores will be closed, but the press release noted that the closures will take place in early 2026.