Bed Bath & amp; Beyond Inc. is a chain of American domestic merchandise stores in the United States, Puerto Rico, Canada, and Mexico. Founded in 1971, shops sell home items mainly for bedrooms and bathrooms, as well as a kitchen and dining room. The company is included in the S & P 400 and Global 1200 Index. It is also included among Fortune 500 and Forbes Global 2000.
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History
In 1971, Warren Eisenberg and Leonard Feinstein opened a store in Springfield, New Jersey called Bed 'n Bath . In 1985, Eisenberg and Feinstein operated 17 stores in the metropolitan areas of New York and California. Also in 1985, the first superstore opened, in an effort to stay competitive with 'n Things, Pacific Linen, Linens and Luxury Linens. To truly represent an increase in size in its retail stores, the company changed its name to Bed Bath & amp; Outside.
Maps Bed Bath & Beyond
Competition
Bed Bath and Beyond has several major retail competitors, including Walmart, Target, and JCPenney, as well as several middle competitors such as Pier 1 Imports. Companies like Crate & amp; Barrel, IKEA, and many Williams-Sonoma companies such as Pottery Barn and West Elm are also competitors.
Subsidiaries
Acquisitions
- The Harmon Store - obtained in March 2002, operates the Face Value
- Christmas Tree Shop - purchased in June 2003 for $ 200 million
- Buy Baby Buy - earned in March 2007 for $ 67 million
- Cost Plus, Inc. - acquired in May 2012 for $ 495 million, operates Plus World Market Fee and World Market Linen Holdings - acquired in June 2012 for $ 105 million
- Of a Kind - obtained in August 2015 for an undisclosed amount
- One Kings Lane - acquired in June 2016 for an undisclosed amount
- PersonalizationMall.com - was obtained in November 2016 for $ 190 million.
Other subsidiaries
- Bed Bath & amp; Beyond Canada L.P.
- Bed Bath & amp; Beyond Mexico - a joint venture with Home & amp; More to operate four stores in Mexico under the name "Bed Bath & Beyond"
- Bed Bath & amp; Beyond Invitations - an online wedding invitation business
New Zealand chain
There is a New Zealand chain called "Bed Bath & Beyond", which has no corporate relationship with an American company.
References
External links
- Official website
Source of the article : Wikipedia
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