On April 17, 2026, it was reported, The Chapter 11 process applies only to U.S. entities and will be swift, as the company has a plan to drastically reduce its $6.6 billion debt. QVC Group's broadcast channels, QVC and HSN, retain an engaged customer base, with more than 90% of sales from repeat customers. Following through on plans outlined in its annual report this week, the U.S. entities of QVC Group on Thursday filed under Chapter 11 at the U.S. Bankruptcy Court for the Southern District of Texas. As previously stated, the television shopping network is heading to court with a restructuring plan already in hand, which should allow it to exit the process within 90 days. The plan agreed to by a majority of lenders after working on it for almost eight months will reduce the company's principal debt to $1.3 billion, down from about $6.6 billion. The bankruptcy applies only to the company's U.S. operations plus one nonoperating subsidiary in Luxembourg. Customer-facing operations in the U.K., Germany, Japan and Italy are paying vendors and suppliers as usual. Even in the U.S., business will continue more or less as usual, in part because the company closed out the year with more than $1 billion in cash and cash equivalents. There are no layoffs or furloughs planned, and employees "should fully expect to continue receiving their wages and benefits without interruption," the company said in a press release Thursday. All claims from third-party general unsecured creditors will be paid in full or reinstated. Indeed, social and digital shopping are a natural fit for the company. With more than 15,800 employees across seven countries and two well-known brands, QVC is well positioned.
On April 11, 2026, it was reported, Bed Bath & Beyond Inc. signed a letter of intent to acquire "the equity interests and substantially all assets" of Cabinets To Go and Lumber Liquidators owner and operator, F9 Brands Inc. The F9 Brands portfolio also includes Gracious Home / Thos. Baker and Southwind Building Products. The deal is expected to close after Bed Bath & Beyond's annual meeting in May and is subject to customary closing measures, according to a Wednesday press release. The purchase price of about $150 million stems from $37 million in cash and about 16 million shares of Bed Bath & Beyond Inc. common stock at $7 per share. Current F9 Brands President and CEO Jason Delves will serve as chief executive officer of "Beyond Home Services," a part of the Bed Bath & Beyond business that will include storage, closets, cabinets, flooring, installation, renovation and distribution. The F9 Brands deal builds on Bed Bath & Beyond's Thursday announcement that it will acquire The Container Store for $150 million in stock and convertible notes, which includes home-related brands Elfa and Closet Works. Bed Bath & Beyond plans to allow customers at the "Custom Spaces" section of The Container Store / Bed Bath and Beyond locations to access products and services from F9 Brands. F9 Brands generated about $522 million in net delivered sales in fiscal year 2025 and has about $130 million of inventory on hand, per the press release. With this, the Bed Bath & Beyond brand portfolio grows even larger. F9 Brands would join the Bed Bath & Beyond brand, Overstock.com, BuyBuy Baby and Kirkland's, in addition to The Container Store, Elfa and Closet Works.
On April 10, 2026, it was reported, Top 100 retailer Mor Furniture for Less is expanding its reach into Idaho with the opening of a showroom in Coeur d'Alene this summer. The new location enhances Mor Furniture's long-standing presence in the Inland Northwest, making it even easier for customers across North Idaho to shop Mor Furniture closer to home. "This showroom represents an important expansion for us in North Idaho," said Josh Walz, senior vice president of sales. "We've proudly served customers throughout this region for years, and opening in the Coeur d'Alene area allows us to be more accessible to our customers while continuing to deliver the selection, value and service they expect from Mor Furniture." The Coeur d'Alene showroom is designed to better serve local families by bringing Mor Furniture's signature style, value and service directly to the community. The showroom will feature a wide range of furniture for living rooms, bedrooms, dining rooms and a dedicated SleepMor mattress center. The new showroom will be located at 43 W. Prairie Shopping Center in Hyden, offering convenient access for local residents and visitors. To celebrate the opening, Mor Furniture for Less plans to host a grand opening event later this summer featuring special promotions and family-friendly activities.
On April 8, 2026, it was reported, during the first 3 months of 2026, the home furnishings industry saw 17 retailers reveal plans to close. It was reported that McKinstry's Home Furnishings in Beaver Dam, Wis., is closing after 168 years. That same day, former Top 100 retailer Unclaimed Freight in Bethlehem, Pa., is closing after more than 50 years. American Signature Inc. filed for bankruptcy in late 2025 and was cleared for full liquidation on Jan. 7. Grand Gallery, a licensee of Ethan Allen, announced plans to close in January as its owners planned to retire. Memphis, Tenn.-based Sensational Sofas & Interior said it plans to close after 37 years. In a local report from Lewiston, Id, said Sylvan Furniture was likely to close soon. Machine Age, in Boston, will close on Oct. 31 as its owner is retiring. The news of the retirement of the family meant that 95-year-old Youngs Furniture in Portland, Maine, would close. In late 2025, Circle Furniture closed all stores and laid off its employees. On Jan. 30, it filed for Chapter 7. Country Willow, a Bedford Hills, N.Y. retailer, filed for Chapter 7 on Feb. 2. On Feb. 6, three-store Seattle retailer Kasala began a G.O.B. sale. Kelsey Furniture, based in Tuscola, Ill., posted on Facebook that it would kick off aG.O.B. sale on March 6. Lynwood, Wash.-based Josh Underhill's Family Furniture said that it is going out of biz after an 80-year run. Bostic Sugg Furniture, based in Greenville, N.C., is closing after 90 years, owner is retiring. Top 100 retailer Weir's Furniture is wrapping up retail operations. It was reported Fresno, Calif.'s Lifestyle Furniture is closing, according to local reports. Greenbaum Home Furnishings, based in Bellevue, Wash., is closing after 67 years.
