Ernesta, an accessible luxury direct-to-consumer rug brand launched in 2023 by a Peloton cofounder, is revolutionizing the home decor industry with quick-turnaround custom rugs measured down to the inch. The company’s unique value proposition includes custom rug delivery in two to four weeks, an impressive timeline for any custom category. [To listen to the podcast on Retail Rx, CLICK HERE.] In this episode of Retail Rx, Ian Fredericks, CEO of Hilco Global Capital Solutions and the executive director of Hi ...

Company Overview - Bed Bath & Beyond is being relaunched under the new name Bed Bath & Beyond Home, with the first store opening in Nashville, Tennessee, and plans for potentially dozens more [1][5] - The new store aims to offer a fresh start for the brand, focusing on providing great brands for any budget in every room [2][3] Business Strategy - The company will honor legacy Bed Bath & Beyond coupons, including those that have expired, to attract former customers [2][3] - The relaunch is part of a broader transformation strategy, with plans to convert existing Kirkland's Home stores into Bed Bath & Beyond Home locations [5] Corporate Developments - The original Bed Bath & Beyond filed for bankruptcy in April 2023, leading to a series of corporate acquisitions and rebrandings [3][4] - Overstock.com acquired the brand's intellectual property and rebranded its business to Beyond Inc., which launched an online-only version of Bed Bath & Beyond [3][4] Market Context - The home decor market is currently facing challenges, including competition from major players like Amazon and Walmart, as well as macroeconomic factors such as high interest rates and a sluggish housing market [6][7] - Analysts suggest that the overall sector has been soft for several years, and improvements may not occur until interest rates decrease and the housing market recovers [7]