Bed Bath & Beyond
 | |
| Public | |
| Traded as |
NASDAQ: BBBY NASDAQ-100 Component S&P 500 Component |
| Industry | Retail |
| Founded |
1971 (as Bed 'n Bath) Springfield, New Jersey, U.S. |
| Founders |
Warren Eisenberg Leonard Feinstein |
| Headquarters |
Union, New Jersey United States |
Number of locations |
1,504 (all divisions) (May 2014)[1] |
Key people |
Warren Eisenberg (Co-Chairman) Leonard Feinstein (Co-Chairman) Steven H. Temares (CEO) Arthur Stark (President) |
| Products | Home furnishings |
| Revenue |
|
 $ 1.614 billion (FY 2014)[2] | |
|
$ 1.022 billion (FY 2014)[2] | |
| Total assets |
 $ 6.356 billion (FY 2014)[2] |
| Total equity |
$ 3.941 billion (FY 2014)[2] |
Number of employees | 58,000 (2014)[2] |
| Subsidiaries | See below |
| Website |
bedbathandbeyond |
Bed Bath & Beyond Inc. is an American chain of domestic merchandise retail stores in the United States, Puerto Rico, 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 had 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 competitors as well.
History
In 1971, Warren Eisenberg and Leonard Feinstein opened up 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 surge ahead of emerging competitors such as 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.[5]
Subsidiaries
Acquisitions
- Harmon Stores – acquired in March 2002, operates Harmon Face Values[6]
- Christmas Tree Shops – acquired in June 2003 for $200 million[7]
- Buy Buy Baby – acquired in March 2007 for $67 million[8]
- Cost Plus, Inc. – acquired in May 2012 for $495 million, operates Cost Plus World Market and World Market[9][9][10]
- Linen Holdings – acquired in June 2012 for $105 million[11]
Other subsidiaries
- 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
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]
References
- ↑ Bed Bath & Beyond Inc. Reports Results for Fiscal First Quarter
- 1 2 3 4 5 6 "Bed Bath & Beyond Inc 2011 Annual Report, Form 10-K, Filing Date Feb 25, 2012" (PDF). secdatabase.com. Retrieved June 23, 2012.
- ↑ "Bed Bath & Beyond Investor Relations - Investor Overview". Phx.corporate-ir.net. 2012-02-25. Retrieved 2012-05-28.
- ↑ Bed Bath & Beyond Mexico
- ↑ "History of Bed Bath & Beyond Inc.". FundingUniverse. Retrieved October 27, 2013.
- ↑ Lillo, Andrea (March 11, 2002). "Bed Bath makes first acquisition with Harmon". Home Textiles Today. Retrieved October 27, 2013.
- ↑ "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.
- ↑ Mike Cianciolo (March 26, 2007). "buybuy BABY Gets Bought". The Motley Fool. Retrieved October 27, 2013.
- 1 2 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.
- ↑ 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.
- ↑ "Bed Bath buys Linen Holdings for $105 million". Reuters (London: Thomson Reuters). June 1, 2012. Retrieved October 27, 2013.
- ↑ "Bed Bath & Beyond Inc. Announces Joint Venture with Home & More, a Home Products Retailer in Mexico". Bed Bath & Beyond. Retrieved October 27, 2013.
- ↑ http://www.bedbathandbeyond.co.nz/frequently-asked-questions