Container Store to overhaul stores, reduce SKUs by 30% as its preps for acquisition
The Container Store is making some changes to its inventory and floor plan as its prepares for its acquisition by Bed Bath & Beyond.
The home goods and storage products retailer is launching a chainwide “Store Changing” event beginning Friday, April 24. The Container Store said its 98 stores nationwide will begin resetting selling floors to prepare for the "phased integration" of Bed Bath & Beyond products. Earlier this month, Bed Bath & Beyond Inc. announced plans to purchase The Container Store for $150 million in stock and convertible notes.
As part of the reset, the retailer will liquidate approximately 30% of select categories and SKUs beginning Friday as it looks to streamline assortments, improve space productivity and create room for new products expected to arrive in phases later this year. The initiative is a planned step in “reimagining the combined in-store experience.”
“This is a reset with purpose,” said Jen Pape, senior VP of stores at The Container Store. “We are actively reshaping our stores to make room for what’s next. By streamlining select categories today, we’re creating the space and flexibility needed to introduce Bed Bath & Beyond products and deliver a more complete home experience for our customers.”
The acquisition includes The Container Store’s Sweden-based Elfa customizable closet systems, shelving solutions, and space optimization products brand, as well as its Chicago-based custom closet and organizer provider Closet Works subsidiary.
[READ MORE: EXCLUSIVE Q&A: Amy Sullivan, president, Bed Bath & Beyond]
As part of the reset, The Container Store will offer discounts, and stores will open one hour early on Saturday, April 25, and Sunday, April 26, to reward early bird shoppers with an additional 5% discount.
Beginning in May, The Container Store locations are expected to transition over the following months to The Container Store + Bed Bath & Beyond format, representing the company’s future operating model. The reimagined stores will combine The Container Store’s organizing solutions, in-home services and expertise with an expanded home assortment and complementary offerings from Bed Bath & Beyond.
In January, Bed Bath & Beyond CEO Marcus Lemonis outlined a three-part strategy to transform Bed Bath & Beyond Inc. into an “Everything Home Company.” In a Feb. 23, 2026 letter to shareholders, he said Bed Bath & Beyond has an “additional omni-channel transaction agreed to in principle that we expect will add an additional $500 million of incremental annualized revenue.”
Shortly after the company announced its planned acquisition of The Container Store, Bed Bath & Beyond signed a letter of intent to acquire the equity interests and substantially all assets of F9 Brands Inc., which owns and operates Lumber Liquidators.
