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About Bed Bath & Beyond Inc.

Bed Bath & Beyond (BBB) is one of the nation's superstore domestics retailer with about 975 BBB stores throughout the US, Puerto Rico, and Canada. The stores' floor-to-ceiling shelves stock better-quality (brand-name and private-label) goods in two main categories: domestics (bed linens, bathroom and kitchen items) and home furnishings (cookware and cutlery, small household appliances, picture frames, and more). BBB also operates around 260 Cost Plus and World Market stores, and four smaller specialty chains: about 125 buybuy Baby stores, about 80 Christmas Tree Shops, nearly 55 Harmon discount health and beauty shops, and three One Kings Lane stores. California and Texas are its largest markets, accounting for about 20% of its total stores.


BBB sells a wide assortment of domestics merchandise and home furnishings. Sales of home furnishings generate about 65% of the retailer's total revenue, while domestic merchandise makes up about 35% of total revenue each year.

Domestics merchandise includes categories such as bed linens and related items, bath items and kitchen textiles, while home furnishings include categories such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings (including furniture and wall d├ęcor), consumables and certain juvenile products.

Some of the company's proprietary brands include Bee & Willow Home, Wamsutta, Olivia & Oliver, SALT and Artisanal Kitchen Supply.

BBB purchases substantially all of its merchandise in the US, while the rest are purchased from importers. It also purchases a small amount of its merchandise directly from overseas sources. It has approximately 10,600 suppliers, with the ten largest accounting for nearly 20% of total purchases.

Geographic Reach

Nearly all of the New Jersey-based BBB's about 1,430 stores are in the US, though around 70 of its stores are located across nine Canadian provinces while three are in Puerto Rico. Nearly 40% of the company's stores are in five US states: California, Texas, Florida, New York, and New Jersey.

In Mexico, BBB also has a joint venture where it currently operates some ten stores under the BBB banner.

Sales and Marketing

BBB prefers to locate its stores in strip malls and power strip shopping centers in suburban areas of medium and large-sized cities. It also places its stores near major off-price and conventional malls.

The company's marketing efforts include email, mobile SMS, social, search, digital display, content and influencer marketing, online affiliate programs, and public relations efforts, as well as traditional print media such as postcards, newspaper inserts, circulars, and catalogs, all of which sometimes include coupon offers.

BBB spent $478.5 million, $463.2 million, and $444.4 million in advertising for FY 2019, 2018, and 2017, respectively.

Financial Performance

After three straight years of revenue growth since 2016, the company took a downturn after that. Net income decreased drastically until the company took losses in the last two years.

Revenue decreased to $11.2 billion in fiscal 2020, an approximately 7% drop from the year prior. The decrease was due to a decrease in the number of transactions in stores, partially offset by an increase in the average transaction amount.

The company net loss increased to $613.8 million in fiscal 2020 due to unfavorable impact from goodwill and other impairments, an incremental charge for markdowns, severance costs, shareholder activity costs and a loss from a sale-leaseback transaction, including transaction costs.

Cash on hand at the end of fiscal 2020 was $1 billion. Cash provided by operating activities was $590.9 million while investing activities provided another $91.4 million. Financing activities used $182.8 million for the repurchase of stocks and payment of dividends.


The company's strategic growth plans are grounded in five key pillars: Product, Price, Promise, Place and People, and focused on a singular purpose to make it easy to feel at home. With these five pillars as its framework, the company is embracing a commitment to build and manage a modern, durable business model. The company remains focused on accelerating its extensive transformation efforts and driving against the following near-term priorities: stabilizing sales and driving top-line growth; resetting the cost structure; reviewing and optimizing the company's asset base, including its portfolio of retail banners; and refining the company's organization structure.

The company plans to invest in and clarify compelling value through its pricing strategy to sharpen its value-for-quality proposition and to acquire, regain and retain customers. It is also adapting its physical channels to further integrate its omnichannel capabilities to enhance the in-store customer experience by bringing products, services and solutions, as well as the company's brand, to life. This includes services such as reserve online and pickup in-store, purchase online and return in-store, and online appointment scheduling for one of the company's various registry services. Beginning in April 2020, in some locations, customers can buy online and pick up in store or pick up orders curbside.

Company Background

In 1971, Bed Bath & Beyond was founded by Warren Eisenberg and Leonard Feinstein, who originally called it Bed 'n Bath and opened the first store in New Jersey. As per the name, it initially only sold items for the bedroom and bathroom. By 1985, it had expanded to 17 operate in New York, New Jersey, Connecticut, and California, and the first superstore is opened. In 1987, the company's name is changed to Bed Bath & Beyond.

In 1991, BBB's sales reach $134 million and following that year, the firm goes public. By 1994, electric appliances are added the store's product offerings. In 1999, sales exceed $1 billion. By 2000, the firm grows to 311 stores in 43 states.

Bed Bath & Beyond Inc.

650 Liberty Ave
Union, NJ 07083-8107
Phone: 1 (908) 688-0888

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: BBBY
Stock Exchange: , NASDAQ
Coo: Patrick Gaston
Chief Finance Officer: Sue Lattmann
Chief Executive Officer and Director: Steven Temares
Employees (This Location): 100
Employees (All Locations): 55,000

Major Office Locations

Union, NJ

Other Locations

Anchorage, AK
Alabaster, AL
Birmingham, AL
Dothan, AL
Florence, AL
Gulf Shores, AL
Hoover, AL
Huntsville, AL
Mobile, AL
Montgomery, AL
Opelika, AL
Oxford, AL
Spanish Fort, AL
Tuscaloosa, AL
Vestavia, AL
Fayetteville, AR
Fort Smith, AR
Hot Springs, AR
Jonesboro, AR
Little Rock, AR
North Little Rock, AR
Rogers, AR
Avondale, AZ
Bullhead City, AZ
Casa Grande, AZ
Chandler, AZ
Flagstaff, AZ
Gilbert, AZ
Glendale, AZ
Goodyear, AZ
Mesa, AZ
Peoria, AZ
Phoenix, AZ
Prescott, AZ
Queen Creek, AZ
Scottsdale, AZ
Surprise, AZ
Tempe, AZ
Tucson, AZ
Yuma, AZ
Alameda, CA
Antioch, CA
Apple Valley, CA
Bakersfield, CA
Beaumont, CA
Brea, CA
Buena Park, CA
Burbank, CA
Campbell, CA
Canoga Park, CA
Capitola, CA
Carlsbad, CA
Chico, CA
Chino Hills, CA
Chula Vista, CA
Citrus Heights, CA
City Of Industry, CA
Corona, CA
Culver City, CA
Daly City, CA
Davis, CA
Downey, CA
Dublin, CA
El Centro, CA
El Cerrito, CA
Elk Grove, CA
El Segundo, CA
Encinitas, CA
Encino, CA
Escondido, CA
Eureka, CA
Folsom, CA
Foster City, CA
Fremont, CA
Fresno, CA
Gilroy, CA
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Hawthorne, CA
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Auburn, MA
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Danvers, MA
Dedham, MA
Dorchester, MA
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Somerville, MA
Stoughton, MA
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Annapolis, MD
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Waldorf, MD
Westminster, MD
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Grand Rapids, MI
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Holland, MI
Jackson, MI
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Lansing, MI
Midland, MI
Muskegon, MI
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Lake Saint Louis, MO
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Saint Joseph, MO
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Southaven, MS
Tupelo, MS
Billings, MT
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Great Falls, MT
Helena, MT
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Papillion, NE
Concord, NH
Dover, NH
Hooksett, NH
Keene, NH
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North Conway, NH
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Amherst, NJ
Atlanta, NJ
Bangor, NJ
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Brooklyn, NJ
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Butler, NJ
Carlstadt, NJ
Cherry Hill, NJ
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Dayton, NJ
Decatur, NJ
Deer Park, NJ
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East Hanover, NJ
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Elizabeth, NJ
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Fort Collins, NJ
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Iselin, NJ
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Katy, NJ
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Lambertville, NJ
Las Vegas, NJ
Lawrenceville, NJ
Lexington, NJ
Little Falls, NJ
Livingston, NJ
Los Angeles, NJ
Lubbock, NJ
Manahawkin, NJ
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Matawan, NJ
Mays Landing, NJ
Mckinney, NJ
Middletown, NJ
Millville, NJ
Morris Plains, NJ
Mount Laurel, NJ
Newton, NJ
New York, NJ
North Brunswick, NJ
Omaha, NJ
Orlando, NJ
Paramus, NJ
Parsippany, NJ
Peoria, NJ
Port Reading, NJ
Princeton, NJ
Ramsey, NJ
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Rio Grande, NJ
Rockaway, NJ
Schererville, NJ
Sewell, NJ
Shrewsbury, NJ
Sioux City, NJ
Sioux Falls, NJ
Springfield, NJ
Stamford, NJ
Toms River, NJ
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Richmond, Canada
Richmond Hill, Canada
Rocky View County, Canada
Sherwood Park, Canada
Stittsville, Canada
St. John'S, Canada
Stoney Creek, Canada
Toronto, Canada
Victoria, Canada
Whitby, Canada
Winnipeg, Canada