At its annual meeting, Bed Bath & Beyond executives said their investments in diversifying the business and integrating store and digital operations have been advancing, making the company a better home merchandise resource for consumers.
It was a challenging first quarter for Bed Bath & Beyond, as the retailer’s comps and earnings declined, although digital sales continued to grow.
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.
Bed Bath & Beyond has purchased Paramus, NJ-based Chef Central.
Bed Bath & Beyond has officially opened its Beyond at Liberty store concept, a unique shopping venue in Brooklyn’s Sunset Park neighborhood that HOMEWORLD BUSINESS® featured in the magazine’s January 2 issue.
Bed Bath & Beyond has dropped its October online catalog and the focus is home environment.
According to published reports, Bed Bath & Beyond is preparing a membership and loyalty program that offers a 20% discount and free shipping for a $29.99 fee.
In what it characterized as a challenging retail environment, Bed Bath & Beyond came up short in the second quarter, with net earnings down after a slight drop in comps and net sales.
Cost Plus World Market is celebrating the grand opening of its new store in Hyannis, MA.
Meyer Corporation’s Breville Thermal Pro cookware has won a 2016 iF Design Award and a 2016 Red Dot Design Award.
