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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...
...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...
...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...
...final stop was the town of Sinuiju, across the Yalu River from China. Officials took us on a tour of the local hospital, a disturbing den of dank hallways and archaic equipment, and a department store offering a sparse selection of packaged food and clothing that looked like 1950s leftovers. After dark, students gathered at the foot of Sinuiju's giant statue of Kim Il Sung, the country's founding father, to finish their homework. With little electricity in the town, the spotlights pointed at the statue were one of the few sources of light. The North Koreans escorting...
...eating habits? Well, it can do no worse than what's out there. In a study published in the May issue of the American Journal of Public Health, researchers observed 4,311 patrons of McDonald's, Burger King, Starbucks and Au Bon Pain to see if they accessed in-store nutrition data. The info was not on the menu board but in a pamphlet, on a wall poster or an on-site computer. Only six, or 0.1%, of the patrons looked at the numbers. Sure, a few more may have already studied the information...