Jacob Sonenshine, provided by Published 12:00 pm, Thursday, June 28, 2018 Bed Bath & Beyond had a descent quarter, but investors aren't impressed. Analysts are skeptical the retailer's weak net-sales growth will subside soon. Shares slid as much as 7% Thursday. Watch Bed Bath and Beyond trade in real time here. Bed Bath & Beyond shares are sliding Thursday, down as much as 7%, after the retailer beat on earnings and reported in line revenue. The retailer earned $0.38 on revenue of $2.7 billion. Wall Street was expecting earnings-per-share of $0.31 on $2.7 billion of revenue. Bed Bath & Beyond stuck by its full-year guidance after posting weak net sales growth of 0.4% year-over-year, and a disappointing comparable sales decline of 0.6% YoY. Management said it expects full-year 2018 EPS to be in the low-to-mid $2 range, missing the Wall Street consensus of $2.28. "When can it plug the drain?"UBS analyst Michael Lasser … [Read more...] about Bed Bath & Beyond is slipping as its struggles continue (BBBY)
Bed Bath & Beyond uses its famous $5 and 20% off coupons to get customers in the store.That strategy has apparently become less effective recently as customers are starting to care less about the coupons, according to a survey by Morgan Stanley.Walmart and Amazon are poised to pick up Bed Bath & Beyond's slack.Customers seem to no longer care about one of the biggest perks of shopping at Bed Bath & Beyond stores.The retailer is famous for its coupons that offer 20% percent off one item and $5 off any purchase of $15, which customers get by mail. 30 PHOTOS 30 things to never buy without a coupon See Gallery 30 things to never buy without a coupon 1. Clothing Whether you're shopping for women's, men's or children's apparel, you can almost always find a coupon for a discount on clothes, said Howard Schaffer, general manager of Offers.com. The average discount ranges from 15 percent to 25 percent, but you can find coupons for 50 percent off or more during major … [Read more...] about Bed Bath & Beyond customers are starting not to care about one of the best reasons to shop there
How many Bed, Bath & Beyond coupons are you hoarding? You know, the "20 percent off one item" coupons that come in the mail or the "$5 off any $20 purchase" coupon? Earlier this year Bed, Bath & Beyond introduced its version of a loyalty program, called Beyond+. Pay $29 a year to join and get 20% off every purchase made in store or online. It's a lower annual fee than Amazon's $119 annual fee or Restoration Hardware's Grey Card loyalty program, which charges $100 annually for a 25% discount. “We’re going to see more of this,” said Dave Brennan, professor emeritus at the University of St. Thomas Institute for Retailing Excellence. “It’s a way to lock in customers and keep them from going elsewhere.” People often balk at an annual fee, but even one purchase can recoup the cash. For example, a $150 purchase will result in a $30 savings with a Beyond+ membership. But the consumers who have a stash of those 20% off … [Read more...] about How good is Bed, Bath & Beyond’s version of Amazon Prime?
Amazon has quietly become a huge player in wedding registries.Buying wedding gifts is a big business for retailers. Americans spend about $19 billion on registries every year, according to Loop Capital.Amazon has added some big perks for couples registering with the e-commerce site.Amazon has become the "'go-to' retailer" for millennials tying the knot, Loop Capital's Anthony Chukumba said in a note to investors.Millennials seem to go to Amazon for everything these days — even wedding registries.Eschewing classics like department stores, Bed Bath & Beyond, and Williams-Sonoma, more millennials getting ready to tie the knot are signing up for Amazon's wedding-registry service. 6 PHOTOS Where Amazon may build its HQ2 See Gallery Where Amazon may build its HQ2 DC is near the the "bull's-eye of America's internet." Northern Virginia is attractive for tech firms due to its proximity to Data Center Alley, where 70% of the United States' internet traffic … [Read more...] about Amazon is quietly upending a $19B business, and it’s terrible news for Target and Bed Bath & Beyond
caption Amazon is now dominating wedding registries. source Getty/Anders Wiklund Amazon has quietly become a huge player in wedding registries. Buying wedding gifts is a big business for retailers. Americans spend about $19 billion on registries every year, according to Loop Capital. Amazon has added some big perks for couples registering with the e-commerce site. Amazon has become the “‘go-to’ retailer” for millennials tying the knot, Loop Capital’s Anthony Chukumba said in a note to investors. Millennials seem to go to Amazon for everything these days – even wedding registries. Eschewing classics like department stores, Bed Bath & Beyond, and Williams-Sonoma, more millennials getting ready to tie the knot are signing up for Amazon’s wedding-registry service. Retailers compete for registries, as couples ask for pricey things, and the … [Read more...] about Amazon is quietly upending a $19 billion business, and it’s terrible news for Target and Bed Bath & Beyond