In the fiscal third quarter ended December 1, Bed Bath & Beyond experienced erosion in earnings and comparable store sales as it remains focused on internal initiatives to build store and omnichannel capabilities.
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One Kings Lane, a division of Bed Bath & Beyond, recently opened its first New York City store in a landmark building set amid Manhattan’s trendy Soho neighborhood as a location where it could interact directly with Big Apple shoppers.
The July 23 issue of HOMEWORLD BUSINESS® features the 19th annual Impact Merchants special report. Housewares suppliers, representing the categories that HomeWorld covers, once again were asked to nominate buyers and merchandisers believed to have made a significant impact during the past year.
At the company’s annual meeting today, June 29, Bed Bath & Beyond executives emphasized the company’s commitment to develop omnichannel capacities to meet its goals of being the consumers’ expert advisor on the home as they go through their various life phases and “heart-felt” life events.
Bed Bath & Beyond continues to develop and expand its AndThat! concept, which evolved from the company’s Christmas Tree Shops banner as a growth vehicle that offers consumers a lively shopping environment and provides the parent company a format that can compete with other treasure hunt-oriented retailers.
Bradshaw International is rolling out the new Bialetti Titan cookware line and developed a new retail merchandiser in collaboration with Bed Bath & Beyond.
The July 17 issue of HOMEWORLD BUSINESS® features the 18th annual Impact Merchants special report. Housewares suppliers, representing the categories that HomeWorld covers, once again were asked to nominate buyers and merchandisers believed to have made a significant impact during the past year.
For the fourth quarter ended February 25, a period when the digital operations that have been subject of heavy investment helped compensate for relative store weakness, Bed Bath & Beyond posted net earnings of $268.7 million, or $1.84 per diluted share, versus $303.5 million, or $1.91 per diluted share, for the fiscal 2015 fourth quarter.