On June 13, 2026, it was reported, Bed Bath & Beyond Inc. will acquire Installed Right and SFV Services in a transaction consisting of Bed Bath & Beyond common stock, according to a Tuesday press release. The deal is expected to close toward the end of this month. Installed Right focused on the installation of products such as closets, flooring, cabinetry and more in residential and commercial spaces, per the release. SFV Services specializes in renovation, construction, demolition and more. Installed Right and SFV Services generated approximately $60 million in combined revenue in the most recent fiscal year. Bed Bath & Beyond is embarking on another stock-dominant acquisition in an effort to build out a holistic homes services portfolio. Over the past two months, the retailer announced the acquisition of The Container Store which includes Elfa and Cabinet Works and F9 Brands, which operates Cabinets To Go and Lumber Liquidators. "The home services market remains highly fragmented, and we believe there is a significant opportunity to continue consolidating complementary businesses under the Beyond Home Services banner," Marcus Lemonis, executive chairman and CEO of Bed Bath & Beyond Inc, said in a statement. The purchase of Installed Right and SFV Services founded and led by Mitch Rosen and his family means Bed Bath & Beyond will issue about 7.2 million shares of common stock to the sellers. Bed Bath & Beyond's first quarter net revenue grew about 7% year over year to $248 million, per an April release. The retailer's operating loss improved more than 20% to $18.2 million and net loss improved about 60% to $16.4 million.
On June 8, 2026, it was reported, Saks Global's plan to wrap up its Chapter 11 restructuring received approval from the U.S. Bankruptcy Court for the Southern District of Texas on Friday, slashing the luxury giant's debt by almost 75% to roughly $1.2 billion. The company, which runs upscale department stores Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, will get $500 million in fresh financing when it exits bankruptcy. (Saks Global cut back its off-price operation to almost nothing in order to prioritize full-time sales.) Its post-bankruptcy goals are bold, and the next year will be critical. By fiscal year 2030 the company said it aims to generate $9 billion in total gross merchandise value and reach double-digit adjusted EBITDA, a goal that goes well beyond stabilizing the business, according to Glenn McMahon, managing partner at MAC Advisory and Consulting. While the Chapter 11 proceeding helped stabilize the company financially, it still faces a commercial challenge in an era when luxury retail has changed, he also said. Saks Global has largely fixed its vendor problem all last year unpaid bills meant the company didn't carry enough inventory, which sank sales and ultimately made bankruptcy unavoidable. But its problems are hardly over. The test of that has begun, in the form of the spring, fall and winter selling seasons, according to Krishan Sutharshana, senior distressed debt analyst at Octus. The next year or so is pivotal, he said, speaking by video conference. "If they can't turn things around this year, we could see Saks Global falling back into bankruptcy once they emerge,or even liquidating if they can't restore not only vendor trust, but customer trust," he said.
On June 3, 2026, it was reported, La-Z-Boy has completed the sale of its American Drew and Kincaid wholesale case goods businesses to Banner House, formerly Magnussen Home Furnishings, the company announced yesterday afternoon. The sale follows La-Z-Boy's previously announced plans to exit the businesses as part of a broader portfolio optimization effort aimed at sharpening its focus on its core, vertically integrated North American upholstery operations. Terms of the transaction were not disclosed. In announcing the transaction, La-Z-Boy said the move supports its Century Vision growth strategy while allowing the company to continue offering case goods products through its retail network that includes La-Z-Boy stores, Comfort Studios and Branded Spaces, which will continue to offer case goods to consumers. The company added that the transition is expected to enhance future product offerings by expanding sourcing opportunities and improving operational efficiency. Banner House is a multi-branded home furnishings company that recently rebranded from Magnussen Home Furnishings. La-Z-Boy first announced plans to exit the American Drew and Kincaid wholesale case goods businesses as part of a series of strategic initiatives designed to streamline operations and concentrate resources on its upholstery business. At the time, the company said the initiatives were expected to improve margins while supporting its long-term growth objectives. The completion of the sale marks another step in La-Z-Boy's effort to align its business portfolio with its long-term strategy while maintaining a case goods assortment through its branded retail channels.
On June 2, 2026, it was reported, Dollar General is seeing an "accelerated rate" of trading down activity with customers, CEO Todd Vasos told analysts on an earnings call Tuesday. While the retailer sees the trend across all cohorts, it has particularly increased among higher income shoppers making over $100,000 a year. The discount chain's core customers cut back on some household expenses including food purchases during the first quarter due to rising gas prices, the executive added. Rural customers are especially feeling the pressure "as they work to minimize trip distance and make trade-offs in their search for everyday affordability," Vasos said. Dollar General's first quarter net sales grew 3.4% year over year to $10.8 billion, according to a Tuesday press release. Same-store sales increased 2%, driven by a 1.4% bump in store traffic and a smaller 0.5% increase in average transaction amount. Dive Insight: Shoppers are feeling the pressure of prices at the gas pump and Dollar General is reaping the benefits. The company expanded its store fleet in Q1 with 190 new stores opened in the U.S. and five new locations in Mexico. All of Dollar General's merchandise categories delivered positive comp sales, with the growth rate in non-consumables outpacing consumables from a monthly cadence perspective again, per Vasos. Dollar General's performance in the quarter was indicative of the various initiatives it is executing on, Jefferies analysts led by Corey Tarlowe said in an emailed note Tuesday. While progress on Dollar General's various initiatives is evident, Telsey Advisory Group analysts highlighted some potential pressures the company faces.
