When Is Bed Bath and Beyond Opening Again

March 15, 2022 Post a Comment

UNION, North.J., May 22, 2020 /PRNewswire/ -- Bed Bathroom & Beyond Inc. (Nasdaq: BBBY) today announced plans to re-open more than stores and farther expand store fulfillment services equally part of its phased approach to re-opening stores across North America, subject to land and local regulations. The Visitor plans to take the following steps past June 13:

Re-open approximately 600 additional stores to the public, including approximately 500 Bed Bath & Beyond stores beyond North America, as well as around fifty Christmas Tree Shop stores and effectually 50 Cost Plus World Market place stores in the United states. In add-on to buybuy BABY and Harmon Face Values stores, which remain open up to serve essential infant, health and personal care needs, this means around 50% of the Company's total store fleet is expected to be open up by June 13.
Expand contactless curbside pickup services to approximately 1,350 stores in total, adding a further 600 boosted locations. Contactless curbside will be available at approximately 90% of the Company's total shop fleet beyond the US and Canada.
Bring approximately xi,000 assembly back from furlough as stores re-open to the public and services are expanded across N America.

Mark Tritton, President & CEO, said, "We go along to respond to the COVID-xix situation with measured, purposeful steps to assistance proceed our people rubber and our customers served. We recently launched our Store Rubber Plan and are guided by our medical squad and national, land and local guidance to help ensure customers tin shop with us confidently.

"Customers across N America are already taking reward of the ease and convenience of Buy-Online-Option-Up-at Store (BOPIS) and contactless curbside pickup, and nosotros're delighted to curlicue-out these services to over 1,000 store locations, too every bit welcoming customers back into hundreds of our stores again equally nosotros start to re-open up across the Us and Canada.

"We're seeing potent online engagement from our loyal customers through this period. Over recent weeks in the US, traffic to our Bed Bath & Beyond website and mobile app is up approximately thirty% and digital sales have doubled. Customers are also responding well to the launch of BOPIS and contactless curbside pickup, with these services accounting for a meaningful per centum of our Bed Bath & Beyond The states digital sales in the last week, and we conceptualize continued growth as nosotros expand the service to more stores in the coming weeks.

"Our financial flexibility allows us to have this patient, market-by-market approach, while nosotros invest in rebuilding our business and introducing new services for our loyal customers. I want to thank our dedicated teams for helping usa resume operations safely and look forward to welcoming more than of our squad dorsum into our business organisation equally we re-open more than stores in the coming weeks."

Bed Bath & Beyond also announced a $ten million plan to donate essential items to those afflicted by COVID-nineteen this week. The 'Bringing Abode Everywhere' program will evangelize products that provide dwelling house comfort and essential back up to communities and those on the frontline of the pandemic across the US and Canada.

Tritton continued, "Our homes have go even more primal to our lives during this crisis, all the same we know that for many people that sense of home has been affected past the health and economic impacts of COVID-19. We're doing what we can to bring home everywhere, creating comfort and providing essential support to communities suffering in the face up of this pandemic. So, whether it's fresh sheets, pillows and towels for people in the hospital or nursing care, food and home items for those in need, or toys or essential infant supplies for children, nosotros're doing what nosotros can to brand information technology piece of cake to experience at home for those about in need at this fourth dimension."

While the Company continues its measured approach to re-opening stores, it expects around half of its stores across its retail banners to remain closed to the public through June 13, 2020. In conjunction with the decision to further extend temporary store closures, Bed Bath & Across will also extend the furlough of the bulk of store assembly and a portion of corporate associates until at to the lowest degree June 13, 2020. As stores re-open during this period, the Company expects to bring approximately 11,000 associates back from furlough. The Visitor volition go along to pay 100% of the cost of healthcare premiums for all furloughed associates who currently participate in the Company'due south wellness plan, until farther detect.

Well-nigh Bed Bath & Beyond Inc.

Bed Bath & Across Inc. and subsidiaries (the "Company") is an omnichannel retailer that makes it like shooting fish in a barrel for our customers to feel at domicile. The Visitor sells a wide assortment of domestic merchandise and dwelling house effects. The Company too provides a variety of textile products, amenities and other appurtenances to institutional customers in the hospitality, cruise line, healthcare and other industries. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico nether the name Bed Bathroom & Beyond.

Forward Looking Statements

This press release contains frontward-looking statements, including, but not limited to, the Company'due south plans in response to the novel coronavirus (COVID-19). Many of these forward-looking statements tin exist identified by use of words such as may, will, expect, conceptualize, gauge, estimate, assume, go on, model, project, programme, goal, and similar words and phrases, although the absenteeism of those words does non necessarily mean that statements are non forrad-looking. The Company's actual results and future fiscal condition may differ materially from those expressed in any such forward-looking statements as a result of many factors. Such factors include, without limitation: general economical conditions including the housing market, a challenging overall macroeconomic environment and related changes in the retailing environment; risks associated with COVID-19 and the governmental responses to information technology, including its impacts across the Company's businesses on demand and operations, as well every bit on the operations of the Company's suppliers and other concern partners, and the effectiveness of the Company's deportment taken in response to these risks; consumer preferences, spending habits and adoption of new technologies; demographics and other macroeconomic factors that may impact the level of spending for the types of merchandise sold by the Visitor; ceremonious disturbances and terrorist acts; unusual weather patterns and natural disasters; competition from existing and potential competitors across all channels; pricing pressures; liquidity; the ability to attain anticipated cost savings, and to not exceed predictable costs, associated with organizational changes and investments; the ability to attract and retain qualified employees in all areas of the organization; the cost of labor, trade and other costs and expenses; potential supply concatenation disruption due to trade restrictions, and other factors such every bit natural disasters, such equally pandemics, including the COVID-19 pandemic, political instability, labor disturbances, production recalls, financial or operational instability of suppliers or carriers, and other items; the ability to find suitable locations at acceptable occupancy costs and other terms to support the Company'due south plans for new stores; the ability to plant and profitably maintain the appropriate mix of digital and physical presence in the markets it serves; the power to assess and implement technologies in support of the Company's development of its omnichannel capabilities; the ability to effectively and timely adjust the Company'due south plans in the face of the chop-chop changing retail and economical environment, including in response to the COVID-nineteen pandemic; dubiousness in financial markets; volatility in the price of the Company's common stock and its effect, and the effect of other factors, including the COVID-nineteen pandemic, on the Company's capital allocation strategy; risks associated with the ability to achieve a successful outcome for its business concepts and to otherwise achieve its business strategies; the impact of intangible asset and other impairments; disruptions to the Company'south data technology systems including merely not limited to security breaches of systems protecting consumer and employee information or other types of cybercrimes or cybersecurity attacks; reputational take chances arising from challenges to the Company'due south or a tertiary party production or service supplier'due south compliance with various laws, regulations or standards, including those related to labor, health, prophylactic, privacy or the surround; reputational risk arising from third-party merchandise or service vendor operation in direct home delivery or assembly of product for customers; changes to statutory, regulatory and legal requirements, including without limitation proposed changes affecting international merchandise; changes to, or new, tax laws or interpretation of existing tax laws; new, or developments in existing, litigation, claims or assessments; changes to, or new, accounting standards; and strange currency exchange charge per unit fluctuations. The Company does not undertake any obligation to update its forward-looking statements.

SOURCE Bed Bathroom & Beyond Inc.

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When Is Bed Bath and Beyond Opening Again

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