A Canadian retail mogul is stepping into the gap left by the demise of Bed Bath & Beyond Inc. and the upcoming brand is set to make its debut this summer.
Doug Putman plans to launch a new Canadian home store concept called Rooms + Spaces. Its first 21 locations will open across Canada in former Bed Bath and Beyond and BuyBuy Baby storefronts. The move comes as Bed Bath & Beyond is winding down its business after filing for bankruptcy.
Rooms + Spaces will carry a broad range of products for every room in the home. The stores will cater to “the modern shopper who is looking to create spaces throughout their home that reflects their unique personality and style,” the company said, and support Canadian businesses and suppliers wherever possible.
“With so many empty storefronts across the country right now, Canadians are craving enjoyable in-store shopping experiences, where they can see and touch products, especially when it comes to outfitting a home,” said Putman. “I see such a strong opportunity to invest in Canadian retail and I’m always looking for new opportunities. The creation of a new home brand was a natural addition to my retail portfolio, which now provides shoppers with everything they need across the baby, toy and home categories.”
