Rooms + Spaces to Take Over Vacant Bed Bath and Beyond Storefronts
3 min read.
On March 8th of 2023, Bed Bath and Beyond officially closed its doors to all its stores across Canada and filed for bankruptcy on April 23rd, 2023.This has resulted in 54 Bed Bath and Beyond and 11 BuyBuy BABY Stores closing, alongside approximately 1,400 job losses. So, what will be happening to these now vacant retail spaces?
Doug Putman is a Canadian business executive and is the owner of Toys “R” Us, Sunrise Records, HMV UK, and many other companies as well. Doug plans to launch his latest retail chain Rooms + Spaces in 21 of the former Bed Bath and Beyond and BuyBuy BABY storefronts across Canada by early July.
Rooms + Spaces is a home and décor retail store; it will cater to the modern shopper carrying a broad range of products. With the acquired 800,000 square feet, there will be plenty of space to house this vast array of products.
Here is a list of the first 21 Rooms + Spaces locations to be launched in Canada:
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Langley City Square - 19860 Langley Bypass, Langley
1740 West Broadway, Vancouver
Mayfair - 775 Finlayson St, Victoria
Orchard Plaza - 1540 Keehn Rd., Kelowna
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Brentwood Village - 3630 Brentwood Rd., Calgary
Chinook Station - 306 Glenmore Trail SW., Calgary
South Edmonton Common - 2021-98 St. NW., Edmonton
West Edmonton Mall - 8882 170 St., Edmonton
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Grasslands - 4855 Gordon Rd., Regina
Preston West - 1709 Preston Avenue N., Saskatoon
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Bell Front Shopping Centre - 366 North Front St., Belleville
Smartcentres - 70 Pinebush Rd., Cambridge
Green Lane Centre - 1-18126 Yonge St., East Gwillimbury
The Boardwalk - 225 The Boardwalk, Kitchener
Westwood Centre - 3325 Wonderland Rd., London
Bayview Ridge Shopping Centre - 225 High Tech Rd., Richmond Hill
5487 Hazeldean Rd., Stittsville
Heritage Greene - 1783 Stone Church Rd. E., Stoney Creek
Thickson Ridge Shopping Centre - 1650 Victoria St. E., Whitby
RioCan Colossus Centre - 67 Colossus Drive, Woodbridge
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The Village Shopping Centre - 430 Topsail Rd., St. John’s
Doug also noted that Toys “R” US will be moving into 9 of the former Bed Bath and Beyond locations and Babies “R” us will be moving into two. This will expand the total locations across the country to 107. The stores are planned to have 7 in Alberta and British Columbia, and the remaining will be spread across Ontario, Quebec, and Nova Scotia. Scheduled to open through the summer into October 2023.
Additionally, Canadian Tire announced that they will be taking over 10 of the former Bed Bath and Beyond locations and converting them into Mark’s Work Warehouse and Pro Hockey Life locations. These relocations will be taking place across Alberta in Grande Prairie, Medicine Hat, Red Deer, and Strathcona County as well as a location in British Columbia and Ontario.
In total Canadian Tire will acquire 242,000 square feet of retail space, with the ability to offer new Canadians a wider range of products.
Out of the 54 closed Bed Bath and Beyond stores, only 31 are spoken for and the question remains, what will happen with these vacant storefronts?
References
Toys"R"US Canada, HMV and beyond: Doug Putman creates New Home Store brand called rooms + spaces. Cision Canada. (2023, May 3). https://www.newswire.ca/news-releases/toys-r-us-canada-hmv-and-beyond-doug-putman-creates-new-home-store-brand-called-rooms-spaces-858924235.html
Reinhard, A. (2023, February 24). Bath & Body Works is closing about 50 stores this year. Best Life. https://bestlifeonline.com/bath-body-works-closing-50-stores-2023-news/#:~:text=However%2C%20if%20you%20pick%20up,of%20its%20stores%20in%202023.
Staley, A. (2023, March 2). Bed Bath & Beyond is closing all stores in Canada. RedFlagDeals.com. https://www.redflagdeals.com/latest-news/bed-bath-beyond-canada-closure/
Evans, P. (2023, May 3). New Canadian retail chain set to launch from ashes of former Bed Bath & Beyond locations | CBC News. CBC. https://www.cbc.ca/news/business/rooms-spaces-bed-bath-beyond-1.6830500
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