Article originally posted in the CoStar on Nov. 6, 2026.

Bed Bath & Beyond’s new owner is taking another approach to reviving the brick-and-mortar chain, opening its first standalone store since the retailer unwound its business in 2023 after filing for bankruptcy protection.

Nashville, Tennessee-based Neighborhood Intelligence on Thursday said it will open a Bed Bath & Beyond this weekend at 7580 W. Bell Road in Glendale, Arizona. Additional store openings are planned for Minnesota, Florida and Mississippi next year. The Arizona store is 19,000 square feet and replaces a Container Store.

“Bed Bath & Beyond is a brand that generations of customers have welcomed into their homes,” Amy Sullivan, president of Neighborhood Intelligence, said in a statement. “We’re bringing back the things customers have always loved. … Glendale is an important milestone, and we’re just getting started.”

At the same time, Neighborhood Intelligence is shrinking the rest of its store portfolio, Executive Chairman and CEO Marcus Lemonis said Thursday on a third-quarter earnings call. It plans to close 50 Kirkland’s and Container Store locations.

Bed Bath & Beyond has gone through a number of iterations since a company then called Overstock.com, helmed by Marcus Lemonis and now called Neighborhood Intelligence, bought intellectual property rights to the retail brand for $21.5 million in 2023. Since then, Neighborhood Intelligence has made a series of acquisitions that included purchasing several brick-and-mortar chains, Kirkland’s and The Container Store.

Roughly two years ago Neighborhood Intelligence began transforming some Kirkland’s stores into small-format Bed Bath & Beyond Home stores. Then this year the company started co-branding Container Stores with the Bed Bath & Beyond name, adding the kind of merchandise that the home goods chain used to carry.

Bed Bath & Beyond will continue to expand through its co-branded locations with The Container Store, the new Glendale location and the stores slated to open next year, according to Neighborhood Intelligence.

The company’s executive chairman and CEO, Lemonis, on Thursday said it is in the process of optimizing its store fleet.

“We will have closed 11 Container Store locations by the end of the year, and we’ve had really good — quite frankly, really good — luck in getting out of them,” he said. “Additionally, we are in the process of exiting 39 Kirkland’s locations that were four-wall negative that had natural lease expirations largely happening in January of 2027, with some dribbling out.”

The Bed Bath & Beyond scheduled to open on Saturday is going into an existing Container Store location that was “four-wall negative,” according to Lemonis. A four-wall negative storefront is losing money on its own basic operations before factoring in corporate overhead.

“Amy [Sullivan] and I went back and renegotiated with that landlord, got a significant reduction in that lease, and then were able to achieve securing $650,000 in tenant allowance to make all of the changes,” he said. “This is really the first store that’s going to look more like a traditional Bed Bath & Beyond store — white fixtures, wood floors, bright lights.”

There’s nothing wrong with opening standalone Bed Bath & Beyond stores, according to retail analyst Neil Saunders, managing director at analytics firm GlobalData.

“Indeed, the failure of Bed Bath & Beyond wasn’t simply that their physical stores were irrelevant, it was because of a wider cocktail of issues including debt and a botched private label strategy,” Saunders said in an email to CoStar News. “Bringing them back makes sense, but success will come down to making them differentiated and interesting for the consumer.”

Regarding the Container Store conversion, “the thinking is most likely that a focused Bed Bath & Beyond concept will do better in this market,” according to Saunders.

Neighborhood Intelligence declined to comment on Saunders’ remarks.

The company’s strategy is to build out an end-to-end platform for homeowners — offering products, services, financing, expertise and data — through a series of acquisitions, including that of retailers.