Bed Bath and Beyond, sometimes also called B3, was founded in 1971 by Warren Eisenberg and Leonard Feinstein as Bed ‘n Bath Inc.
By 1985, the chain has 17 stores in New Jersey, New York, Connecticut, and California.
In 1987, the company built its first superstore to compete with companies such as Linens ‘N Things. It was at this time that the name was changed to Bed Bath & Beyond.
In 1992, the company goes public on the NASDAQ under the ticker symbol: BBBY
By 2000, there were 311 stores in 43 US states.
In 2007, the company acquired BuyBuy Baby and in 2012, Cost Plus World Market was acquired.
In June of 2016, the company acquired One Kings Lane for an undisclosed amount.
As of March 3, 2018, the company had a total of 1,552 stores, including 1,017 Bed Bath & Beyond stores in 50 states, the District of Columbia, Puerto Rico, and Canada.
While the company had originally planned to shutter more than 20 stores in 2020, after the coronavirus pandemic, plans changed and the company announced that it would close approximately 200 stores.
In January 2021, Kohl’s and Bed Bath & Beyond stated that they would stop selling My Pillow due to comments made by CEO Mike Lindell in support of Trump, as well as misinformation about Trump winning the presidential election.
Bed Bath and Beyond filed for bankruptcy protection and was purchased by Overstock.com. Currently, the company is an online retailer only.
In 2018, the company reported annual revenue of $12 billion. Company headquarters are located in Union, New Jersey.
Bed Bath & BeyondBed Bath and Beyond, sometimes also called B3, was founded in 1971 by Warren Eisenberg and Leonard Feinstein as Bed ‘n Bath Inc.
By 1985, the chain has 17 stores in New Jersey, New York, Connecticut, and California.
History
In 1987, the company built its first superstore to compete with companies such as Linens ‘N Things. It was at this time that the name was changed to Bed Bath & Beyond.
In 1992, the company goes public on the NASDAQ under the ticker symbol: BBBY
By 2000, there were 311 stores in 43 US states.
In 2007, the company acquired BuyBuy Baby and in 2012, Cost Plus World Market was acquired.
In June of 2016, the company acquired One Kings Lane for an undisclosed amount.
As of March 3, 2018, the company had a total of 1,552 stores, including 1,017 Bed Bath & Beyond stores in 50 states, the District of Columbia, Puerto Rico, and Canada.
While the company had originally planned to shutter more than 20 stores in 2020, after the coronavirus pandemic, plans changed and the company announced that it would close approximately 200 stores.
In January 2021, Kohl’s and Bed Bath & Beyond stated that they would stop selling My Pillow due to comments made by CEO Mike Lindell in support of Trump, as well as misinformation about Trump winning the presidential election.
Bed Bath and Beyond filed for bankruptcy protection and was purchased by Overstock.com. Currently, the company is an online retailer only.
In 2018, the company reported annual revenue of $12 billion. Company headquarters are located in Union, New Jersey.