Kirkland’s to convert all stores to Bed Bath & Beyond, pivot to wholesale

Group 1 - The Brand House Collective experienced a 12% year-over-year decline in net sales, totaling $75.8 million, attributed to a 9.7% drop in consolidated comps and a 5% reduction in store count with five locations closing [1][2] - The net loss for The Brand House Collective increased by approximately 39% to $20.2 million, with gross profit at $12.4 million, representing 16.3% of net sales compared to 20.5% the previous year [3] - The relationship between Bed Bath & Beyond Inc. and The Brand House Collective is strengthening, highlighted by an IP deal that closed for double the initially announced purchase price [3][4] Group 2 - Bed Bath & Beyond Inc. and The Brand House Collective have modified their credit agreement, allowing for a delayed-draw term loan of up to $20 million, expanding from a previous total of $13.7 million [5] - Bed Bath & Beyond Inc. can now own up to 75% of The Brand House Collective, an increase from the previously agreed 65% cap [6] - The Brand House Collective is actively hiring, including a chief merchant for BuyBuy Baby, and plans to open its first new BuyBuy Baby store in fiscal 2026 [7] Group 3 - The Brand House Collective has rebranded itself as a "multi-brand merchandising, supply chain and retail operator," managing the Bed Bath & Beyond Inc. portfolio and operating the Bed Bath & Beyond Home website [8]