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Bed Bath & Beyond is staging its next comeback. Photo: Rendering courtesy of Bed Bath & Beyond Inc.

Why it matters: The company is reinventing itself beyond traditional retail by combining stores, services and digital — a strategy that could unlock new growth but carries execution risk.

Driving the news: Bed Bath & Beyond said Thursday it closed its acquisition of Kirkland's and signed deals to acquire The Container Store, Elfa and Closet Works, according to a shareholder letter.