Bed bath

Bed Bath & Beyond Inc.
Public
Traded as S&P 500 Component
Industry Retail
Founded 1971
Founder(s) Warren Eisenberg
Leonard Feinstein
Headquarters 650 Liberty Avenue
Union, New Jersey 07083
United States
Number of locations 1000+ (all divisions)
(May 2011)[1]
Key people Warren Eisenberg (Co-Chairman)
Leonard Feinstein (Co-Chairman)
Steven H. Temares (CEO)
Arthur Stark (President)
Products Home furnishings
Revenue

Increase $ 9.4 billion (FY 2011)

[2]
Operating income Increase $ 1.5 billion (FY 2011)[2]
Net income Increase $ 989 million (FY 2011)[2]
Total assets Increase $ 5.7 billion (FY 2011)[2]
Total equity Decrease $ 3.9 billion (FY 2011)[2]
Employees 48,000 (February 2011)[2]
Subsidiaries See below
Website

Bed Bath & Beyond Inc. (also B3) is a chain of domestic merchandise retail stores across United States, 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 2000 as well.

Since the liquidation of Linens 'n Things, Bed Bath & Beyond has few major retail competitors except Wal-Mart, Target, J. C. Penney, and some mid-sized players like Pier 1 Imports. Companies such as Crate & Barrel and the numerous Williams Sonoma companies (e.g. Pottery Barn and West Elm) are also competitors.

History

In 1971, Warren Eisenberg and Leonard Feinstein opened up a store in Northern 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 Linens, 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

Other subsidiaries

  • Bed Bath & Beyond Mexico – a joint venture with Home & More to operate two stores in Mexico under the name "Home & More"[12]
  • Bed Bath & Beyond Invitations – an online wedding invitation venture

See also

Companies portal

References

External links

  • Official site
  • SEC Filings
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