Get All Access for $5/mo

Bed Bath & Beyond Is Shuttering Hundreds of Stores — Here Are the Much-Loved Retailers Ready to Move In One popular gym chain is also eyeing the vacant spaces.

By Amanda Breen Edited by Jessica Thomas

Bloomberg | Getty Images

It's been a rough stretch for beleaguered retailer Bed Bath & Beyond, which is on track to close 400 stores to avoid bankruptcy.

And other chains aren't wasting time when it comes to filling the many thousands of square feet left behind: TJ Maxx, HomeGoods and Ross have already set up shop in vacant stores, CNN reported.

Related: Bed, Bath, Beyond & Bankruptcy: Low Inventory Threatens Chain

New retail space has been difficult to come by since the 2008 financial crisis and the steady growth of ecommerce. That lack of new supply is driving positive net absorption, rising rents and lower vacancy rates, which will likely continue in 2023, according to CBRE, a global leader in commercial real estate.

Retail landlords and real estate analysts say Burlington, Five Below, Nordstrom Rack and Planet Fitness might also take advantage of Bed Bath & Beyond's exit, per CNN.

"For us, the biggest source of new store locations comes from other retailers closing stores," Burlington CEO Michael O'Sullivan said on an analyst call in February. "So many of our most productive locations were formerly Circuit City or Toys 'R' Us or Sports Authority."

Related: A College Student Cashed Out a $110 Million Profit on Bed Bath & Beyond

Bed Bath & Beyond Inc is down more than 96% year over year.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Science & Technology

Why Businesses Are Relying on Automation to Survive the Labor Crisis

Robots are revolutionizing industries by addressing labor shortages and enhancing efficiency, while businesses navigate challenges like workforce adaptation and high implementation costs.

Green Entrepreneur®

How Global Business Leaders Can Build a Sustainable Supply Chain

Businesses can build sustainable supply chains by leveraging technology to reduce environmental impact, optimize resources and track emissions while balancing operational efficiency and sustainability goals.

Productivity

6 Habits That Help Successful People Maximize Their Time

There aren't enough hours in the day, but these tips will make them feel slightly more productive.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.