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Bed Bath & Beyond Inc. Message Board

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  • gestumble gestumble Jul 13, 2009 9:33 AM Flag

    Quietly closing stores???

    "For all of fiscal 2009, the Company expects to open approximately 35 new BBB stores throughout the United States and Canada, approximately seven new CTS stores, approximately 12 new buybuy BABY stores and approximately three new Harmon stores"

    "During the fiscal first quarter of 2009, the Company opened six BBB stores, including its fifth store in Canada, one CTS store and one buybuy BABY store and closed one BBB store."

    Looks like for year they plan on 35 new BBB stores alone, and for first Q closed only one BBB store. Sure doesn't seem like a lot. Expanding seems nutty but plausible sell is a land grab phase to fill in Linens NT void.

    One thing is for sure, there is a great spread between perception and reality :-)

    C'mon share those tidbits dude... stuff that might be true but is unverifiable is a blast... that's what message boards are all about

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