Bed Bath & Beyond parent to close Maryland distribution center

Neighborhood Intelligence is aiming “to rip out big chunks of costs” by reworking its supply chain, CEO Marcus Lemonis said.

Lemonis’ frank statement about removing costs comes as no surprise as Neighborhood Intelligence looks to reset its turnaround strategy.

The company has eliminated $50 million in annualized SG&A costs this year and identified $40 million in additional annualized operational and merger savings, according to an earnings release. Neighborhood Intelligence expects to meet that target by consolidating its supply chain, eliminating organizational redundancies and optimizing its store fleet, the release says.

Despite the realized savings, the retailer reported a $62 million year-over-year operating loss in Q3 2026, even as revenue jumped by 98% thanks primarily to acquisitions of Kirkland’s and The Container Store, per the release.

This story was originally published by Supply Chain Dive. Read the full story at Supply Chain Dive →