Bed Bath & Beyond

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Bed Bath & Beyond Inc.
Type Public
Traded as NASDAQBBBY
NASDAQ-100 Component
S&P 500 Component
Industry Retail
Founded 1971
Founders Warren Eisenberg
Leonard Feinstein
Headquarters 650 Liberty Avenue
Union, New Jersey 07083
United States
Number of locations 1000+ (all divisions)
(May 2011)[1]
Key people Warren Eisenberg (Co-Chairman)
Leonard Feinstein (Co-Chairman)
Steven H. Temares (CEO)
Arthur Stark (President)
Products Home furnishings
Revenue

Increase $ 9.4 billion (FY 2011)

[2]
Operating income Increase $ 1.5 billion (FY 2011)[2]
Net income Increase $ 989 million (FY 2011)[2]
Total assets Increase $ 5.7 billion (FY 2011)[2]
Total equity Decrease $ 3.9 billion (FY 2011)[2]
Employees 48,000 (February 2011)[2]
Subsidiaries See below
Website bedbathandbeyond.com
Bed Bath & Beyond in Saugus, Massachusetts

Bed Bath & Beyond Inc. (also B3) is a chain of domestic merchandise retail stores in the United States, Canada [3] and Mexico.[4] Formed in 1971, the stores sell goods primarily for the bedroom and bathroom, as well as kitchen and dining room. The company is included in the S&P 500 and Global 1200 Indices and the NASDAQ-100 Index. It is also counted among the Fortune 500 and the Forbes Global 2000 as well.

Since the liquidation of Linens 'n Things, Bed Bath & Beyond has few major retail competitors except Walmart, Target, J. C. Penney, and some mid-sized players like Pier 1 Imports. Companies such as Crate & Barrel, IKEA and the numerous Williams-Sonoma companies (e.g. Pottery Barn and West Elm) are also competitors.

History[edit]

In 1971, Warren Eisenberg and Leonard Feinstein opened up a store in northern New Jersey called Bed 'n Bath. By 1985, Eisenberg and Feinstein were operating 17 stores in the New York metropolitan area and California. Also in 1985, the first superstore was opened, as an attempt to surge ahead of emerging competitors such as Linens 'n Things, Pacific Linens, and Luxury Linens. In order to properly represent the size increase in its retail stores, the company changed its name to Bed Bath & Beyond.[5]

Subsidiaries[edit]

Acquisitions[edit]

Other subsidiaries[edit]

  • Bed Bath & Beyond Mexico – a joint venture with Home & More to operate four stores in Mexico under the name "Bed Bath & Beyond"[12]
  • Bed Bath & Beyond Invitations – an online wedding invitation venture

New Zealand Company[edit]

There is a New Zealand based chain with the name "Bed Bath & Beyond", which has no corporate connection with the United States based company.[13]

See also[edit]

Portal icon Companies portal

References[edit]

  1. ^ Bed Bath & Beyond Inc. Reports Results for Fiscal First Quarter
  2. ^ a b c d e f "Bed Bath & Beyond Inc 2011 Annual Report, Form 10-K, Filing Date Feb 25, 2012". secdatabase.com. Retrieved June 23, 2012. 
  3. ^ "Bed Bath & Beyond Investor Relations - Investor Overview". Phx.corporate-ir.net. 2012-02-25. Retrieved 2012-05-28. 
  4. ^ Bed Bath & Beyond Mexico
  5. ^ "History of Bed Bath & Beyond Inc.". FundingUniverse. Retrieved October 27, 2013. 
  6. ^ Lillo, Andrea (March 11, 2002). "Bed Bath makes first acquisition with Harmon". Home Textiles Today. Retrieved October 27, 2013. 
  7. ^ "Bed Bath & Beyond Buys Christmas Tree Shops". The New York Times (New York City: The New York Times Company). June 20, 2003. Retrieved October 27, 2013. 
  8. ^ Mike Cianciolo (March 26, 2007). "buybuy BABY Gets Bought". The Motley Fool. Retrieved October 27, 2013. 
  9. ^ a b Hsu, Tiffany (May 9, 2012). "Bed Bath & Beyond to Buy Cost Plus for $495 Million". Los Angeles Times (Los Angeles, CA: The Tribune Company). Retrieved October 27, 2013. 
  10. ^ Dealbook Blog (May 9, 2012). "Bed Bath & Beyond to Buy Cost Plus". The New York Times (New York City: The New York Times Company). Retrieved October 27, 2013. 
  11. ^ "Bed Bath buys Linen Holdings for $105 million". Reuters (London: Thomson Reuters). June 1, 2012. Retrieved October 27, 2013. 
  12. ^ "Bed Bath & Beyond Inc. Announces Joint Venture with Home & More, a Home Products Retailer in Mexico". Bed Bath & Beyond. Retrieved October 27, 2013. 
  13. ^ http://www.bedbathandbeyond.co.nz/frequently-asked-questions

External links[edit]

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