Doug Putman will launch Rooms + Spaces this summer in Canada.
A Canadian retail mogul is stepping into the gap left by the demise of Bed Bath & Beyond Inc.
Doug Putman plans to launch a new Canadian home store concept called Rooms + Spaces. The brand will debut this summer, opening its first 21 locations 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.
Putman is acquiring more than 800,000 sq. ft. sq. ft. of real estate with the acquisition. (See end of article for locations.)
The new company will be led by Greg Dyer, formerly general manager of Bed Bath & Beyond Canada.
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 reflect their unique personality and style,” the company said, and support Canadian businesses and suppliers wherever possible.
Putman is the founder of Ancaster-based Putman Investments. He has bought other iconic brands when they went insolvent, including Toys"R"Us and Babies"R"Us Canada, Sunrise Records, HMV in the U.K. and FYE, a pop culture chain in the U.S.
“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."
Room + Spaces stores will be located in former Bed Bath & Beyond and Buybuy Baby locations in the following cities:
Kelowna: Orchard Plaza, 1540 Keehn Road
Langley: Langley City Square, 19860 Langley Bypass
Vancouver: 1740 West Broadway
Victoria: Mayfair, 775 Finlayson Street
Calgary: Brentwood Village, 3630 Brentwood Road
Calgary: Chinook Station, 306 Glenmore Trail SW
Edmonton: South Edmonton Common, 2021-98 Street NW
Edmonton: West Edmonton Mall, 8882 170 Street
Regina: Grasslands, 4855 Gordon Road
Saskatoon: Preston West, 1709 Preston Avenue North
Belleville: Bell Front Shopping Centre, 366 North Front Street