The History of Bed Bath and Beyond: A Brief History of the Company’s Development

Introduction

Bed Bath & Beyond is an American chain of retail stores selling home goods, furniture and housewares. In business since 1978, the company has over 1,100 stores across the United States and Canada. Bed Bath & Beyond was listed by Forbes as America’s largest retailer of home goods in May 2008. The company’s corporate headquarters is located in the borough of Union, New Jersey.
The company maintains manufacturing facilities in Mercerville and Plainsboro, New Jersey. These are known as distribution centers rather than retail stores. The company also owns an online store, Beyond Stores.
The company was founded in 1978 by Leonard Feinstein and Warren Eisenberg, who met at the Center for Industrial Innovation at Rutgers University in New Brunswick, N. J., where they were students. They began selling a single product, undergarments, from the back of Eisenberg’s Volkswagen bus. Gradually expanding their offerings to include housewares and other consumer goods, they adopted the name “Bed Bath & Beyond” and opened their first store in June 1981.

bed bath and beyond newport news
bed bath and beyond newport news

Bed Bath & Beyond in 2018 – An Update on the “Cool” Retailer

Bed Bath & Beyond’s first store opened in Chino, California in 1978. The original store was just four thousand square feet and only featured dishware and home fragrances. In 1980, the company’s founder Mr. King sold the business to two investors who offered 500 million dollars. The company has since expanded to over 1200 locations across 42 states and nine Canadian providences, with about 12 million customers per month making a trip to one of the company’s stores. Bed Bath & Beyond is currently owned by Ralph Lauren Corporation.
Bed Bath & Beyond has made a large investment in the use of technology and the department store concept. The company has invested $200 million into the purchase of roughly 200 brand new stores since 2003. The company continues to push new ideas including interactive televisions and bath products, a first in the home improvement industry. From an investment perspective, Mr. King has set up a leadership team that is dedicated to reaching out beyond selling merchandise as well as researching potential investments in areas such as wireless services and direct mail marketing. [3]

bed bath and beyond newport news
bed bath and beyond newport news

Bed Bath & Beyond to Buy Out Cost Plus

Bed Bath & Beyond has a long history of buying other companies. The company acquired Cost Plus World Market in 1999, and since then the company has purchased Allied Stores Co. and Linens ‘n Things Inc. The company is looking to add more stores to their current portfolio of about 1,400 locations and is currently in talks to buy out Cost Plus Inc. It is believed that Bed Bath & Beyond will take over the stores and merge them with their company.
Bed Bath & Beyond has been looking to buy Cost Plus Inc. for a while now, as the latter has suffered some financial losses over the past few years and they are looking to reduce their overall stock numbers. Many Bed Bath & Beyond locations contain both retail stores and stores that sell products, so it is not surprising that this company is interested in purchasing Cost Plus.
Cost Plus Inc.’s loss was around $375 million in 2010, which was huge for a corporation of Cost Plus’s size. The company’s net sales in 2010 were $2.17 billion, which was a huge drop from their sales of $2.6 billion in 2009.

bed bath and beyond newport news
bed bath and beyond newport news

Conclusion

Bed Bath & Beyond is a great company to invest in. They are one of the leading innovators in their industry and have found a way to stay ahead of the competition by giving their customers what they want, when they want it, for a low convenient price. The stores are very well kept and decorated with customer service in mind, and the staff at each location are very friendly and helpful. A great investment opportunity that pay off in the long run with a solid 3 year ROI.
ARTICLE END
“bed bath and beyond newport news” : “INVESTMENT RESEARCH”
INVESTMENT RESEARCH [to use as knowledge, not to be copied verbatim]:”bed bath and beyond newport news” : “Introduction Overview”
Introduction Overview [to use as knowledge, not to be copied verbatim]:”bed bath and beyond newport news” : “Background/Research Briefing On Business And Company Profile – Bed Bath & Beyond (BBBY.NAS)”
Background/Research Briefing On Business And Company Profile – Bed Bath & Beyond (BBBY.NAS) [to use as knowledge, not to be copied verbatim]:”bed bath and beyond newport news” : “Investment Overview And Summary – Bed Bath & Beyond (BBBY.NAS)”
Investment Overview And Summary – Bed Bath & Beyond (BBBY.NAS) [to use as knowledge, not to be copied verbatim]:”bed bath and beyond newport news” : “Summary Review And Mapping – Bed Bath & Beyond (BBBY.NAS)”

bed bath and beyond newport news
bed bath and beyond newport news