Companies‎ > ‎US Research‎ > ‎

Bed, Bath & Beyond (NYSE: BBBY) | Company Profile, History, Competitors

 

Bed, Bath & Beyond (NYSE: BBBY) is a home furnishings retailer in the United States. As of 2017, Bed, Bath & Beyond  has 1,552 store locations in the United States and Canada. It was founded in 1971 and headquartered in Union, NJ.

The company focuses on a wide range of home and household furnishings, under its namesake brand and other concepts. The company was founded in 1971 and grew into adjacent segments through acquisitions of buybuyBABY, Cost Plus World Market, Christmas Tree Shop and Harmon Face Values.

Business Overview

BBBY has five main store concepts:
  • Bed, Bath & Beyond (1,017 stores as of 2017): Namesake brand selling home furnishings
  • Cost Plus World Market (276 stores as of 2017): Specialty retail store selling home decor.
  • buybuyBABY (119 stores as of 2017): Sells clothing, strollers and other items for infants/small children
  • Christmas Tree Shop (83 stores as of 2017) Sells food, toys and Christmas decorations
  • Harmon Face Values (57 stores as of 2017) Sells cosmetics, health and beauty products mainly in the tri-state (NY, NJ, CT, FL, PA) area

Bed, Bath & Beyond Concept

The store concept features an average store size of 20,000 - 50,000 square feet. The stores sell bed linens, bath items, kitchen textiles, kitchen items, housewares, and home decor items.

The stores offer an extensive range of products at everyday low prices. The stores offer a store-within-store feel with each area of the store grouped by different product lines.

Cost Plus World Market Concept

It was founded in 1958 and focuses on original and handmade items from around the world. The brand also offers proprietary and private label brands under the "World Market" brand. Products include home decor, tableware, glassware, lighting, specialty foods and toys.

buybuyBABY Concept

It was founded in 1996 by Richard and Jeffrey Feinstein. The store concept focuses on products for infants/small children including nursing/feeding products, learning products/toys, clothing, strollers and car seats.

Christmas Tree Shops Concept

It was founded in 1970. The store concept focuses on food, toys, household items and Christmas decorations.

Harmon Face Values Concept

It was founded in 1971. The store concept focuses on health and beauty cosmetics mainly in the tri-state area. The concept is also included as a store-within-store in certain Bed, Bath & Beyond locations.

Suppliers and Logistics

The company has 11,100 suppliers. Its top ten suppliers account for less than 20% of total revenues. Most of the merchandise is purchased in the United States and shipped directly to stores from vendors.

The company operates three owned distribution facilities and 16 leased facilities.

History

Bed, Bath, Beyond was founded in 1971 by Leonard Feinstein and Warren Eisenberg as Bed 'n Bath. It was originally started as a home products store focusing on bedroom and bathroom products. In 1985, the concept expanded to include a whole range of home furnishings including housewares and textiles. In 1987, the company changed its name to Bed, Bath & Beyond.

In 2002, BBBY went public in an initial public offering. In 2002, BBBY acquired Harmon stores. In 2003, BBBY acquired Christmas Tree Shops. In 2007, BBBY acquired buybuyBABY. In 2012, BBBY acquired Cost Plus World Market.

Competitors

BBBY's main brick and mortar competitors are Walmart and Target. BBBY's main online competitors are Amazon and Wayfair.

Management

Steven H. Temares (CEO): Steven Temares serves as CEO since 2003. Prior, he served in various roles at the company including COO and General Counsel.

Robyn M D'Elia (CFO): Robin D'Elia serves as CFO since 2018.

Financials

 $ USD mm FYE 2/28   
 2013    2014 2015 2016 2017 2018
 Revenues $10,915 
$11,504 
$11,881 
$12,104 
$12,216 
 $12,349
 Gross Profit $4,389 
$4,566 
 $4,620 
 $4,620 
 $4,576 
$4,443
 Operating Profit $1,638 
$1,615 
 $1,554 
 $1,420 
 $1,135 
$761
 Net Income$1,038 
$1,022 
$958 
 $842 
 $685 
 $425
 EPS$4.56 
$4.79 
$5.07 
$5.10 
$4.58 
$3.04

Bed, Bath & Beyond
 
  Ticker     NYSE: BBBY
  Industry Retail
  Founded 1971
  Headquarters Union, NJ
  Locations 1,552
  Revenues
$12,349mm (2018)
  Employees 65,000 (2018)
  Website bedbathand
beyond.com