Bed Bath & Beyond plans diversified growth

Union, N.J. – Bed Bath & Beyond is on plan to develop a new state-of-the-art distribution center for its Christmas Tree Shops division as well as a new e-service fulfillment center “to accommodate future growth,” said Warren Eisenberg, co-chairman, during the 888-unit home textiles specialty chain’s fourth-quarter and year-end earnings call late yesterday.

Underpinning that growth, the company noted, “ Fiscal 2006 was the 15th consecutive year of record earnings since the company's 1992 IPO.”

For the year, BBB recorded sales of $6.6 billion, up 13.9%, and net earnings of $594.2 million, up 3.7%. Comp-store sales rose 4.9% for the year.

For this new fiscal year, 2007, BBB said it expects to open approximately 70 new stores and relocate several existing units. The company will also “improve and grow” its Christmas Tree Shops, Harmon Stores, and buybuy Baby operations – the latter having been acquired in late March.

Steven Temares, ceo, described eight-store buybuy Baby as “an excellent strategic fit that will strengthen our company and permit us to satisfy customers in new ways by servicing another portion of their life cycle.”

He noted, “The fact that Bed Bath & Beyond’s customer base includes many prospective and current parents as well as their relatives and friends -- we believe this category of business has tremendous growth potential.”

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!