How bad will they be? Will they be honest about how much foot traffic is down?
18 replies (most recent on top)
“Tenured employees” I think you were missing the point that the person made. Yes all employees are seeing that bed bath will be smaller.
OMNi driven or not, bed bath may struggle to be competitive. Customer orders for name brand products could go elsewhere since product assortment is so small. Going with owned brands can only get so much business.
If Bed bath is already in the bottom 10% in retail performance and financial security then reducing operational costs won’t necessarily help.
And what does that mean exactly? There a minimal full timers already. No store has highly paid supervisors. It seems that MT CONTINUES TO HIRE executives. How smart is that operationally?
Turnover is high so maybe bed bath needs to figure out how to manage its new company strategies without making management crazy.
“This is completely different retail environment as the company is going for a smaller fleet driven by data analytics and name brands merchandise to drive up Margin and reduce cost.“
The real question is “can the company compete in this space?”
The diversity of products, assortment and coupons was a big factory in customer loyalty. With less assortment and less store it comes down to price and convenience. Private label may increase margin, but it won’t drive customer loyalty. What’s the reason for the customer to shop with us? What do we offer them that beats out competition?
I worked for a company that installed customer counters on the doors and then started measuring conversion (actual transactions vs customer count). The store in the mall and the one by the movie theater always got beat up the conference calls fir not doing enough to convert foot traffic to transactions. Corporate never took into account store location.
"does anyone have a reasonable explanation for why Zacks upgraded our stock from "hold" to "buy" yesterday?"
Right now going into the ER the general consensus is that bbby will have an increase YOY on top of all operational improvements.
Now if it actually meets expectation that's a different story.
"We dont have a counter..yours is an employee?"
not an employee, an electronic sensor right by the entrance, it tracks the number of people that walk past it into the store
So, while we're on the subject of who is a financial expert and who only thinks they are, does anyone have a reasonable explanation for why Zacks upgraded our stock from "hold" to "buy" yesterday?
"Looking at market analysis for short term and long term. Several indicators show current market price is fair... "
Tenure employees will make you believe the company is moving in the wrong direction and going bankrupt by years end.
The new corp understand the new retail environment where you can do a lot with less sq ft and having fewer stores by reducing underperforming stores, increase OMNI presence and controlling operational cost. You can tell who the tenure employees are based on the their post here by their lack of understanding that this is and will never be the BED BATH and Beyond from the 1990's-2010's. This is completely different retail environment as the company is going for a smaller fleet driven by data analytics and name brands merchandise to drive up Margin and reduce cost.
We dont have a counter..yours is an employee?
So far today we’ve had about 20 customers the majority are just Lookie—loos they have nothing else better to do with your time.
When a company is more concerned about gathering information to promote negative margin activity then they are about keeping stores fat and full with products customers actually want. Then that company is in Big Trouble!! And We are in Big Trouble!
actually, foot traffic is specifically measured now; at least at my store, they installed a counter at the front door about a year ago, and they measure how many people walk through the door vs. sales and transactions
Foot traffic is not measured. Hiw could it be? It is all about what is sold..and posters referencing what they have read please five the source and date?
Looking at market analysis for short term and long term. Several indicators show current market price is fair. Here’s what I read.
Continued loss of market share (reduced presence in retail market aka needing less stores), estimated negative profitability in next few years (as much as 9%), and limited ability pay for long term debt.
So I think if the turn around is going to happen with 60% or more private label it’s still going to be a much smaller Bed Bath and Beyond.
Thoughts…..
But will Omni replace all the in store sales? Will increased margins increase overall profits? Will BBBY pay all its back rent?
Your typical bbby results for 2021.
- Store sales down YOY. (foot traffic but will pick up as restrictions are lifted state by state)
- Store omni up YOY (curbside, in-store pick ups)
- Online sales up YOY
- Margin up do to brand launch.
- Decrease in store closures but still on pace.
They will be epic. Cash bonus for all employees.
i heard june 30th they’ll report
When do those results come in