LYCOS RETRIEVER 
Bed Bath Beyond
built 656 days ago
As of December 1, 2007, the Company operated a total of 946 stores, including 859 Bed Bath & Beyond stores (28 of which were opened during the fiscal third quarter) in 49 states, the District of Columbia and Puerto Rico. Also as of that date, buybuy BABY operated 8 stores in 4 states and Harmon operated 40 stores in 3 states (1 of which was opened during the fiscal third quarter) under the names Harmon and Harmon Face Values. In addition, Christmas Tree Shops operated 39 stores in 10 states (3 of which were opened during the fiscal third quarter). Consolidated store space as of December 1, 2007 was approximately 29.5 million square feet. Since the beginning of the fiscal fourth quarter on December 2, 2007, 2 additional Bed Bath & Beyond stores, including the Company's first store in Canada, have been opened.
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Giant retail chain Bed Bath & Beyond's sheer volume and enormous depth of inventory runs counter to most diminutive city dwellings. Where to store all the alluring Wamsutta sheets, Frette duvet covers, and Jonathan Adler ceramic bathroom accessories, not to mention the KitchenAid mixer, DeLonghi toaster, and razor-sharp Wusthof knives leaves aside the critical question of how to get all that cool loot into a cab. (Fortunately, BB&B delivers anywhere in Manhattan with summertime delivery to the Fire Island ferry and Hamptons.) True to its name, the store stocks everything you could ever need for your loo or your boudoir. And then there's the "Beyond." They're not kidding. Simple Human and Umbra trashcans, California Closets organizing systems, hundreds of empty frames and framed artworks, along with window treatments, vacuums, and candles galore beckon shoppers. Seasonal items vary from beach and barbecue things in summer, dorm-room accoutrements in August and September, and holiday décor October through December.
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Luxury Linens and Pacific Linens ... posed a threat to Bed Bath & Beyond's attempts to venture into new markets. Still, the company enjoyed a 37 percent increase in sales in 1992 as it continued to grow without benefit of acquisitions. Most competitors, on the other hand, relied on expansion through acquisitions to a much greater degree. Sales in the first six months of 1993, increased 43 percent and earnings improved by 47 percent, garnering Bed Bath & Beyond first place recognition in the Chain Store Executive survey of high performance retailers.
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Bed Bath & Beyond has been a relative bright spot in a retail sector that has been battered by a weakened housing market and high costs for fuel and food. Earlier this week, retailers Lowe's Companies Inc. (LOW.N: Quote, Profile, Research) and Target Corp. (TGT.N: Quote, Profile, Research) warned of weaker-than-expected results, sending retail stocks tumbling and fueling concerns about a weak holiday shopping season.
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Bed Bath & Beyond Inc. (BBBY) opened at 35.93. So far today, the stock has hit a low of 35.25 and a high of 36.45. BBBY is now trading at 35.43, down 0.32 (-1.01%). The stock hit its 52 week high of 43.32 in February and set its 52 week low of 32.85 in August. BBBY moved sideways in 2006, but has been trading lower this year. Bed Bath & Beyond shares have been dropping today with most other retail stocks following rising credit concerns.
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Mixing the sensual drape of silk with the warmth and softness of cotton, bamboo fiber sheet sets are available at Bed, Bath & Beyond in a variety of soft colors, from $39.99 to $99.99. Linens `n Things ... sells a bamboo fiber duvet for about $150.
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Bed Bath Beyond