On November 18, 2024, Kirkland's, Inc. announced it has retained Gordon Brothers to provide real estate consulting services. These services will support Kirkland's store growth strategy, particularly in light of its new partnership with Beyond, Inc. The engagement follows the payoff of Gordon Brothers' $12 million term loan to Kirkland's.
Gordon Brothers will provide lease renewal services and new store site selection expertise to Kirkland's. This initiative is crucial for the retailer as it plans to launch new Bed Bath & Beyond small-format retail stores, leveraging its role as the exclusive brick-and-mortar operator and licensee for Beyond's brands. The consulting aims to assist with the retailer's growth strategy across its various brands.
The collaboration with Gordon Brothers underscores Kirkland's commitment to optimizing its physical retail footprint and efficiently expanding its multi-brand strategy. This move is intended to maximize the potential of the strategic alliance with Beyond, Inc. by ensuring effective real estate management for future store conversions and new openings.
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