Word: bedded
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Late last week, however, Bed Bath & Beyond announced results that actually exceeded the expectations of Wall Street analysts, an all-too-rare event in the retail world. The retailer's profits rose 13.5% for the first quarter. While same-store sales still declined 1.6% - no reason to be jumping for joy in the aisles - many analysts figured the fall would be much worse, in the 4% range. What does Bed Bath & Beyond's improvement say about the state of the consumer psyche? If shoppers are more willing to spend their money on discretionary items like cushioned bath mats...
...looking for stuff that you don't really need or are a spouse intent on torturing your husband, just take a ride to Bed Bath & Beyond. After all, the home-furnishing retailer is famous for its selection of macho, must-have merchandise like sweet-smelling soaps, stainless-steel garbage cans and extra-fluffy towels. Like most home-furnishing retailers, Bed Bath & Beyond, a $7.2 billion company with more than 1,000 outlets nationwide, has stalled in the recession: same-store sales dropped 4.3% in the fourth quarter of the fiscal year ending in February, while earnings fell...
Call it the Bed Bath & Beyond barometer. Some recent data indicate that as consumers prepare to open up their wallets, they'll be very likely to spruce up their homes. According to a survey from WSL Strategic Retail, of shoppers who say they want to splurge, 44% want to do so on their digs. NPD Group, a market-research firm, also found that when shoppers are asked where they are most likely to spend money, a majority point to their homes. "The nest is where we'll likely see the early signs of a recovery," says Marshal Cohen, a retail...
...June evening at a sprawling Bed Bath & Beyond store in New York City, a checkout line snaked around the corner as consumers hoarded pots, soaps and Cuisinarts. "Your home is your place of comfort, the only thing you can count on," says Tina Genitti, 21, while carrying a featherbed, a pillow and body creams to the checkout line. "A few months ago, I would have gone for the cheap featherbed. But I spent the extra $5 here because it's time for a treat." (See sustainable home furnishings...
...remember the first time you heard it? No. My memory's shot. I'm in Cannes, France, for a conference; I left dinner last night, got home, I turned on CNN and there it was - him being rushed to the hospital. I didn't go to bed the whole night. I just kept watching CNN. So it's a big, big, big, big loss for the world. And I'd like to make this comment: I've seen too many people talking about Michael like they knew exactly what he did. Let's celebrate his genius, his musicality, his gift...