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Retail
Bed, Bath & Beyond Agrees to Acquire The Container Store
Bed Bath & Beyond announces acquisition of The Container Store, Elfa, and Closet Works.
4/2/2026
The Container Store, which exited bankruptcy last year and operates 100 stores, will be
rebranded as The Container Store/Bed Bath & Beyond. Pictured, Las Vegas store
MURRAY, Utah -- Bed Bath & Beyond announces acquisition of The Container Store, Elfa, and Closet Works for $150 million in stock and convertible notes.
Said Marcus Lemonis, executive chairman and
chief executive officer of Bed Bath & Beyond
, "This transaction will fill critical gaps in both our retail and home services strategy. As we build our company platform, any additional assets including talent must serve a clear purpose to our company’s long-term strategy."
Bed Bath & Beyond's growth strategy includes three core elements: omni channel retail, products and services, and home services. The Container Store will join existing onmichannel retail brands Bed Bath and Beyond, Overstock.com, BuyBuy Baby and Kirkland’s, which was
acquired
earlier this year. Elfa, based in
Malmö, Sweden,
and Closet Works, based in the Chicago area, will anchor home services.
The Container Store operates in 100 retail locations with 2.2 million square feet of premium retail space and stores will be rebranded to The Container Store/Bed Bath & Beyond.With an average footprint of approximately 21,000 square feet per store, these locations will feature a combination of merchandise across bed, bath, storage and organization, kitchen, and entertaining. In addition, they will expand their existing home services offering.
"In addition to modular and custom closets, we will introduce flooring, lighting, kitchen, laundry room, and bathroom cabinetry, creating a more complete solution, which we believe will help drive both revenue and margin expansion," Lemonis stated. His full statement can be read
here
.
Back
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