“We are building the first Everything Home Company,” he said in a release, explaining that it is “designed to make home ownership and living simpler and more affordable through a disciplined, interconnected ecosystem.”
And indeed, both Bed Bath & Beyond and the Container Store, which had its own bankruptcy in late 2024, are weak businesses that are a fraction of the size they were at their peaks. When brands are struggling, one plus one is unlikely to equal three.
What’s more, it does not appear to have been smooth sailing behind the scenes at Bed Bath & Beyond. The company has undergone a few rebrands, churn in its C-suite, and quick changes in strategy—offering little evidence of the internal cohesion necessary to make a portfolio of brands gel.
However good Lemonis’s vision might look on paper, he’ll have to act fast to show it works: Bed Bath & Beyond had net income losses totaling $650 million, on revenue of $4 billion, in its last three full years.
