Bed Bath & Beyond Inc.’s bankruptcy could benefit a host of retailers, according to data from analytics company Placer.ai.
The struggling home goods retailer and sometime meme stock darling filed for Chapter 11 last month, and the company’s bankruptcy is likely to benefit two categories of retailer, according to Placer.ai. “First, chains looking to expand their brick-and-mortar footprint will be able to snap up retail vacancies created by the store closures,” wrote Placer.ai’s Marketing Content Manager Shira Petrack, in a report.
Some of the bankrupt retailer’s competitors may try to take over shuttered Bed Bath & Beyond stores, according to Placer.ai’s Petrack. However, there is no one-size-fits-all tenant well-positioned to take over the brand’s entire real estate portfolio, she added.