Bed Bath & Beyond

Bed Bath & Beyond Inc.
Public
Traded as
Industry Retail
Founded 1971 (1971) (as Bed 'n Bath)
Springfield, New Jersey, U.S.
Founders Warren Eisenberg
Leonard Feinstein
Headquarters Union Township, New Jersey
United States
Number of locations
 1,550 (all divisions)
(August 2017)[1]
Areas served
 United States
Mexico
Canada
Key people
 Warren Eisenberg (Co-Chairman)
Leonard Feinstein (Co-Chairman)
Steven H. Temares (CEO)
Arthur Stark (President)
Products Home furnishings, domestics merchandise
Revenue Increase US$12.349 billion (FY 2017)[2]
Decrease US$761.3 million (FY 2017)[2]
Decrease US$424.9 million (FY 2017)[2]
Total assets Increase US$7.041 billion (FY 2017)[2]
Total equity Increase US$2.889 billion (FY 2017)[2]
Number of employees
 65,000 (FY 2017)[2]
Subsidiaries See below
Website bedbathandbeyond.com
Bed Bath & Beyond in Saugus, Massachusetts
Bed Bath & Beyond in Markham, Ontario

Bed Bath & Beyond Inc. is an American chain of domestic merchandise retail stores in the United States, Puerto Rico, Canada[3] and Mexico.[4] Founded in 1971, the stores sell home goods primarily for the bedroom and bathroom, as well as kitchen and dining room. The company is included in the S&P 400 and Global 1200 Indices. It is also counted among the Fortune 500 and the Forbes Global 2000.[5][6]

History

In 1971, Warren Eisenberg and Leonard Feinstein opened a store in Springfield, 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 remain competitive with Linens 'n Things, Pacific Linen, and Luxury Linens. In order to properly represent the size increase in its retail stores, the company changed its name to Bed Bath & Beyond.[7]

Competition

Bed Bath and Beyond has several major retail competitors, including Walmart, Target, and JCPenney, as well as several mid-sized competitors like Pier 1 Imports. Companies such as Crate & Barrel, IKEA, and the numerous Williams-Sonoma companies like Pottery Barn and West Elm are competitors as well.

Subsidiaries

Acquisitions

Other subsidiaries

  • Bed Bath & Beyond Canada L.P.[17]
  • Bed Bath & Beyond Mexico – a joint venture with Home & More to operate four stores in Mexico under the name "Bed Bath & Beyond"[18]
  • Bed Bath & Beyond Invitations – an online wedding invitation venture

New Zealand chain

There is a New Zealand chain with the name "Bed Bath & Beyond", which has no corporate connection with the American company.[19]

References

  1. ↑ Bed Bath & Beyond Inc. Reports Results for Fiscal 2017 Second Quarter
  2. 1 2 3 4 5 6 Bed Bath & Beyond Inc. 2017 Annual Report (PDF) (Report). Union Township, New Jersey: Bed Bath & Beyond Inc. 2018-05-31. Retrieved 2018-09-29.
  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. ↑ "Bed Bath & Beyond". Fortune. Retrieved 2018-02-28.
  6. ↑ "Bed Bath & Beyond on the Forbes Global 2000 List". Forbes. Retrieved 2018-02-28.
  7. ↑ "History of Bed Bath & Beyond Inc". FundingUniverse. Retrieved October 27, 2013.
  8. ↑ Lillo, Andrea (March 11, 2002). "Bed Bath makes first acquisition with Harmon". Home Textiles Today. Retrieved October 27, 2013.
  9. ↑ "Bed Bath & Beyond Buys Christmas Tree Shops". The New York Times. June 20, 2003. Retrieved October 27, 2013.
  10. ↑ Mike Cianciolo (March 26, 2007). "buybuy BABY Gets Bought". The Motley Fool. Retrieved October 27, 2013.
  11. 1 2 Hsu, Tiffany (May 9, 2012). "Bed Bath & Beyond to Buy Cost Plus for $495 Million". Los Angeles Times. Retrieved October 27, 2013.
  12. ↑ Dealbook Blog (May 9, 2012). "Bed Bath & Beyond to Buy Cost Plus". The New York Times. Retrieved October 27, 2013.
  13. ↑ "Bed Bath buys Linen Holdings for $105 million". Reuters. June 1, 2012. Retrieved October 27, 2013.
  14. ↑ Brooke, Aliza (August 10, 2015). "Indie Design Retailer Of a Kind Acquired by Bed Bath & Beyond". Fashionista. Retrieved February 19, 2016.
  15. ↑ Kapner, Suzanne (June 14, 2016). "Bed Bath & Beyond Buys One Kings Lane for 'Not Material' Price". The Wall Street Journal. Retrieved July 6, 2016.
  16. ↑ Bed Bath & Beyond Scoops Up Another Online Retailer
  17. ↑ Bed Bath & Beyond Canada L.P. corporate profile, Bloomberg, retrieved 2016-12-13
  18. ↑ "Bed Bath & Beyond Inc. Announces Joint Venture with Home & More, a Home Products Retailer in Mexico". Bed Bath & Beyond. Retrieved October 27, 2013.
  19. ↑ "Bed Bath & Beyond - Frequently asked questions". Retrieved June 6, 2016.
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