Off-price retailer Homesense plans to open its second store in North Texas by the end of the year.
According to a state filing, the company will begin a nearly $2.2 million improvement project at what was once a 29,991-square-foot Bed Bath & Beyond location on Southlake Boulevard in Southlake. The work is expected to begin in July and be completed by December.
Homesense operates 58 stores in the U.S., including at Alliance Town Center in Fort Worth, and in Austin and San Antonio. It is owned by TJX Companies, whose portfolio also includes the T.J. Maxx, Marshalls, Marmaxx, HomeGoods, and Sierra banners. Homesense product lines include furniture, lighting, rugs, art and decor.
Bed Bath & Beyond has closed or announced plans to close hundreds of stores across the country in the wake of its bankruptcy proceedings, The Dallas Express has reported. Closures include locations in Plano, Lewisville, Weatherford, and Mansfield, according to Business Insider. The company operated more than 1,500 stores, including over 1,000 Bed Bath & Beyond locations, in 2018, according to Business Insider.
Meanwhile, Overstock.com is operating its e-commerce platform under the Bed Bath & Beyond banner after acquiring the rights to the company’s brand and intellectual property, The Dallas Express reported last year. That deal was for $21.5 million through a supervised bankruptcy process, according to DX.
Bed Bath & Beyond assets acquired by Overstock.com include domain names, trademarks, patents, customer databases, and loyalty program data. The acquisition did not include, however, assets associated with Bed Bath & Beyond’s brick-and-mortar business, including leases, inventory, warehouses, and logistics. Furthermore, the buybuy BABY and Harmon banners, subsidiaries of Bed Bath & Beyond, were excluded from the deal.
