Company: Bed Bath & Beyond Inc. (Bed Bath & Beyond)
Bed Bath & Beyond retails a wide range of products in both domestics merchandise and home furnishings. Domestics merchandise includes bed linens and related items, bath items and kitchen textiles. Home furnishings include kitchen and tabletop items, fine tabletops, basic housewares, general home furnishings and some consumables.
In 2012, Bed Bath & Beyond employed over 57,000 people and generated approximately $10.9 billion.
Trade Names (# of locations)
Bed Bath & Beyond (995) ; Christmas Tree Shops (72) ; buybuy BABY (68); Harmon Discount (45)
Early Years and Growth
In 1971, Warren Eisenberg and Leonard Feinstein started a company they called Bed 'n Bath.In 1985, Bed 'n Bath opened its first 20,000 square foot superstore format and had grown to 17 stores in four states. Except for California, all the stores were in the Northeast, in New York, New Jersey and Connecticut.
In 1987, Bed 'n Bath changed the name of the company to Bed Bath & Beyond. The Beyond was added to the name to better reflect the broadening product lines the company's stores carried in its superstore format.
By 1991, Bed Bath and Beyond had expanded to Virginia, Maryland, Illinois and Florida and annual sales reached $134 million.
In 1992, Bed Bath and Beyond went public, listing its stock on the National Association of Securities Dealers Automated Quotations (NASDAQ) system.
By 1993, Bed Bath and Beyond had grown to 38 stores in 11 states.
In 1994, Bed Bath and Beyond added electric appliances to its product lines.
Between 1997 and 1998, Bed Bath and Beyond opened 61 new stores.
In 1999, Bed Bath and Beyond opened 45 new stores and went over $1 billion in annual revenues.
In 2000, Bed Bath and Beyond had grown to 311 stores in 43 states and had surpassed $2 billion in annual revenues.
In 2002, Bed Bath and Beyond bought a retailer of health and beauty care products called Harmon. Harmon had 27 stores in the Northeast at the time.
In 2003, Bed Bath and Beyond acquired 23 stores that were operating under the brands Christmas Tree Shops.
In 2007, Bed Bath and Beyond bought buybuy BABY, a baby products retailer. buybuy BABY had 8 stores at that time.
In 2012, Bed Bath and Beyond acquired the World Market chain and its 258 stores. That same year, the company bought Linen Holdings, LLC, a textile products distributor and opened 13 new Bed Bath and Beyond stores, 5 Christmas Tree Shops, 19 buybuy BABY locations and one Harmon store. It also closed four under-performing stores, two Bed Bath and Beyonds and two Harmons.
In 2013, Bed Bath and Beyond announced plans to continue its expansion by opening new stores for all of its brands. The company has said it believes there is potential to grow beyond 1,300 Bed Bath and Beyond locations.
HeadquartersHeadquarter City: Union, New Jersey
Bed Bath and Beyond targets baby boomer shoppers, with its wide selection, low prices and a focus on catering to customers with high touch customer service.
Reviews on Glassdoor.com
Total Reviews: 405
According to reviews, the company has several jobs that pay better than the industry average, including:
Store Manager: $78K
Assistant Store Manager: $70K
Sales Associate-Hourly: $17/Hour
In addition to competitive pay, Bed Bath & Beyond offers its employees a 401(k) plan with company match.
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