Bed Bath & Beyond Returns to Physical Retail with Container Store Partnership
Beyond Inc. invests $40 million in the Container Store to revive the Bed Bath & Beyond brand in co-branded sections across 102 locations.
- The partnership allows Beyond Inc. to reintroduce Bed Bath & Beyond products in physical stores without building new locations.
- The Container Store will dedicate floor space for Bed Bath & Beyond's kitchen, bath, and bedroom products, enhancing its merchandise offerings.
- The $40 million investment is structured as a preferred equity transaction, potentially giving Beyond a significant ownership stake in the Container Store.
- Beyond Inc. aims to leverage its intellectual property and customer data to support the Container Store's return to profitable growth.
- Shares of the Container Store surged 40% in premarket trading following the announcement of the partnership.