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Bed Bath & Beyond Unveils New Store Concept in Sunset Park

Zacks Equity Research

With an aim to offer unique shopping experience, Bed Bath & Beyond Inc. BBBY unveils a unique store venue, “BEYOND at Liberty View”, in the Sunset Park neighborhood of Brooklyn, NY. This store concept accommodates four brands –  Bed Bath & Beyond, buybuy BABY, Face Values and Cost Plus World Market.

Bed Bath & Beyond Inc. Price

Bed Bath & Beyond Inc. Price | Bed Bath & Beyond Inc. Quote

"BEYOND at Liberty View” provides in-store experts, unique merchandise and solutions. The shopping destination boast a full-service restaurant – The Bay Market Kitchen, hosts live events like kid-friendly activities, cooking demonstrations and others. Further, it includes a special event space – 71 at BEYOND – for catering various services to customers, including product demonstrations, food sampling and many more.

Bed Bath & Beyond brand offers varied range of products and features a "Born in Brooklyn" section in the store. It also accommodates a Technology Shop and a Drapery Design Gallery for custom window treatments. The Face Values section – which shelves nearly 20,000 products – will enable customers to seek professional help to wash, blow and style their hair at the Blow In Blow Out Bar.

Additionally, the buybuy BABY area features baby registry department, a nursery design center, baby gear and clothes, as well as a book department with a reading and activity area along with a stroller and car seat showroom. Lastly, the Cost Plus World Market section features unique collection of home products such as furniture, textiles, ceramics and glassware, home décor, and other accessories.

Bed Bath & Beyond carries a Zacks Rank #5 (Strong Sell). It has also underperformed the Zacks categorized Retail–Miscellaneous/ Diversified industry, which occupies space in the top 50% of the Zacks classified industries. Its shares have dipped 9.9% in the past one year, against the Zacks categorized industry’s growth of 10.8%.

Nonetheless, we believe that this multi-inclusive store format will definitely offer a seamless and differentiated experience to the customers at the Sunset Park community.

Key Picks

Some better-ranked stocks in the same industry include Barnes & Noble, Inc. BKS, Cabela's Incorporated CAB and Dick's Sporting Goods, Inc. DKS, all carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Barnes & Noble, with a long-term earnings growth rate of 10%, has jumped 33.6% in the past one year.

Cabela's, with a long-term earnings growth rate of 12.5%, has increased 26.6% in the past one year.

Dick's Sporting Goods, with a long-term earnings growth rate of 12.8%, has surged 54.6% in the past one year.

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Cabela's Inc (CAB): Free Stock Analysis Report
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Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report
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