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Bed Bath & Beyond Inc. – One of the Leading Retail Stores Chain for Domestic Merchandise in US
Bed Bath & Beyond Inc. is a renowned chain of retail stores for domestic merchandises in the US. Operating with a primary aim of selling goods for dining room, kitchen, bathroom and bedroom, the company operates its specialty retail stores across 1504 locations in countries like the Mexico, Canada, Puerto Rico and United States. Furthermore, the company continues to seek better opportunities for opening new stores at various other locations to become the largest selling multi-specialty retail chain worldwide.
Its latest financial status
Traded as a public sector company under NASDAQ with the ticker name BBBY, Bed Bath & Beyond ranks 238 in the list of Fortune 500 companies with total revenue of $11,881 Million. It also finds a reputed position of #991 in the list of Global 2000 companies according to the Forbes. Furthermore, as per the analysis of Forbes, the company holds #746 position in terms of sales, #724 position in terms of profit, #106 position for being the best employer in Canada and #1335 in terms of market value.
According to the analysis report of the company for financial year 2017, the net sales of the company as of February 2016 amount to $12,103,887 with a gross profit of $4,620,310 and net earnings of $841,489. Furthermore, the overall market value of the company as on March 2016 is $8,121 million with net asset of $6,759 million as per the analysis of beta-fortune companies. The entire credit of such tremendous growth for the company goes to its huge employee strength of 60,000.
Its origin story
The origin of Bed Bath & Beyond Inc. dates 45 years back in the year 1971 by visionary Leonard Feinstein and Warren Eisenberg at Springfield, US. The company initiated its operation with the name of ‘Bed n Bath’. With the growing years, the company showed a tremendous growth in its development by opening its 17 retail stores by 1985 in California and metropolitan area of New York. In addition, the year 1985 marks the opening of its first superstore for giving a tough fight to its competitors.
Going through several leaps and bounds, the company somehow managed to increase its size over the years that resulted in the name change of the company to Bed Bath & Beyond Inc. At present, the company owns and operates a total of 9 subsidiaries worldwide with its headquarters at Union, New Jersey namely –
Harmon stores, Buy Buy Baby, Christmas Tree Shops, Linen Holdings, Cost Plus Inc., One Kings Lane, Of a Kind, BB&B invitations and BB&B Mexico.
How it functions?
Being one of the fastest growing retail stores chains of domestic merchandise in US, Canada, Mexico and Puerto Rico, the company along with its subsidiaries continuously strives to expand its reach to all its potential customers worldwide. It is seeking for ideal properties on lease to open its new stores at different corners of the world with its capital rate ranging from 5.5% to 6.50%.
According to the corporate lease agreement of the company, the minimum lease term is 15 to 20 years and i can further be expanded as per their choice from 20 to 40 years. However, in order to become a crucial part of Bed Bath and Beyond Inc., you need to ensure a minimum investment of $4M to $8M. The company also promises you to offer a 10% increment in the rent after the completion of every 5 years. With such credible offers, it would be a wise decision to invest in its property. While you decide it, we are always there to help you with all the paper work and requisite formalities.
Bed Bath & Beyond Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming