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Bed Bath & Beyond history
Bed Bath & Beyond company history timeline
Both men possessed over a decade of retail experience in 1971 when they formed Bed `n Bath, a small chain of specialty linen and bath shops in suburban New York.
1971: Feinstein and Eisenberg establish Bed 'n Bath.
In 1971, they opened a store in Springfield, New Jersey called Bed 'n Bath.
Also in 1985, the first superstore was opened, as an attempt to remain competitive with Linens 'n Things, Pacific Linen, and Luxury Linens.
In 1987, Eisenberg and Feinstein changed the name of their organization to Bed Bath & Beyond in order to more accurately reflect their superstore format.
In order to properly represent the size increase in its retail stores, the company changed its name to Bed Bath & Beyond in 1987.
By 1991, Bed Bath & Beyond had opened seven new superstores in New Jersey, California, Virginia, Illinois, Maryland, and Florida.
Bed Bath & Beyond went public on the NASDAQ exchange in June 1992, trading at $17 per share.
The store opened in November 1992, in what had been an abandoned, graffiti-covered department store at the heart of a dismal section of the city known as Ladies Mile.
Still, the company enjoyed a 37 percent increase in sales in 1992 as it continued to grow without benefit of acquisitions.
By May 1993, shares were trading around $32 as the company announced record sales for the year: $216.7 million in sales, with earnings of $15.9 million.
By 1997, Bed Bath & Beyond planned to have approximately 100 stores across the United States, and Feinstein predicted that company sales would rise by 30 to 35 percent by that time.
In July 2000, the company announced a two-for-one stock split.
Feinstein commented on the strong relationship with his co-founder in a 2000 Forbes article stating, 'there aren't many good marriages out there, but when you've got one of the great ones, it's wonderful.'
2000: The firm grows to 311 stores in 43 states.
On April 13, 2019 there was a report that the chain will close 40 stores but open 15 new locations.
On May 13, 2019, Bed Bath & Beyond announced that CEO Steven Temares would step down “effectively immediately” and would resign his seat on the board of directors.
In 2021, Bed Bath & Beyond cut ties with MyPillow after disappointing sales of the My Pillow and the decision to start its own brand merchandise.
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Bed Bath & Beyond competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Dillard's | 1938 | $6.6B | 40,000 | 20 |
| Michaels Stores | 1973 | $5.3B | 45,000 | 1,974 |
| Nordstrom | 1901 | $15.0B | 74,000 | 656 |
| Chico's FAS | 1983 | $2.1B | 18,500 | 2,264 |
| Bon-Ton | 1898 | $2.7B | 23,300 | 14 |
| Jo-Ann Stores | 1943 | - | 23,000 | 1 |
| Linens 'n Things | 2009 | $33.0B | 17,500 | - |
| Kohl's | 1962 | $16.2B | 110,000 | 1,257 |
| Walmart | 1962 | $681.0B | 2,300,000 | 43,747 |
| Target | 1902 | $106.6B | 409,000 | 11,995 |
Bed Bath & Beyond history FAQs
Zippia gives an in-depth look into the details of Bed Bath & Beyond, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bed Bath & Beyond. The employee data is based on information from people who have self-reported their past or current employments at Bed Bath & Beyond. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Bed Bath & Beyond. The data presented on this page does not represent the view of Bed Bath & Beyond and its employees or that of Zippia.
Bed Bath & Beyond may also be known as or be related to BED BATH & BEYOND INC, Bed 'n Bath (1971–1987), Bed Bath & Beyond, Bed Bath & Beyond Inc, Bed Bath & Beyond Inc. and bath & beyond.