Marcus Lemonis builds Neighborhood Intelligence home ecosystem from Bed Bath & Beyond

forbes.com

Bed Bath & Beyond renamed Neighborhood Intelligence; CEO Marcus Lemonis is transforming it into an “everything home” ecosystem amid a weak home-furnishings market. It reported 28% second-quarter revenue growth to $361.2 million, though net losses widened to $39.5 million. Lemonis is relocating headquarters to Nashville, shifting stock listing to Nasdaq, and adding brands including The Container Store to build retail, home-services, and home-ownership pillars. The move follows a 2% drop in U.S. home-furnishings revenue as high mortgage rates and inflation keep Americans put. Lemonis aims to serve families through an 11-year home stay using a technology and data platform.


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Marcus Lemonis builds Neighborhood Intelligence home ecosystem from Bed Bath & Beyond | News Minimalist