ADVERTISEMENT

The rise and fall of Bed Bath & Beyond, one of America's most iconic big box retailers

Since its founding in 1971, Bed Bath & Beyond has been a go-to destination for home goods, appealing to shoppers with its convenient and affordable "superstore" model.

bed bath and beyond
ADVERTISEMENT

Once the golden child of big-box stores, Bed Bath & Beyond is now struggling to stay afloat.

The retailer will shutter 44 stores across eight states in the next year as it attempts to course-correct in the wake of disappointing sales and executive turmoil .

Bed Bath & Beyond was once a leading home goods retailer, appealing to shoppers across the nation with its strategy of abundance. The beloved store, which lined strip malls across the country, became known for its huge assortment of products spanning every color and style imaginable.

ADVERTISEMENT

Over the years, it became a go-to destination for just about anything and everything for the home and true to its name beyond.

We took a closer a look at Bed Bath & Beyond's rise from a small linen store in New Jersey to a major national retail chain now on the brink of collapse.

Shoshy Ciment/Business Insider

ADVERTISEMENT

The duo had formerly worked in management at Arlans , a local discount chain, and saw opportunity for growth in the bed and bath categories.

"We had witnessed the department store shakeout, and knew that specialty stores were going to be the next wave of retailing," Feinstein told the trade publication Chain Store Executive in 1993.

Mark Peterson/Corbis via Getty Images

ADVERTISEMENT

Justin Sullivan/Getty Images

ADVERTISEMENT

David McNew/Getty Images

Justin Sullivan/Getty Images

The company has been widely credited as being at the forefront of the superstore movement in America.

ADVERTISEMENT

Business Insider/Jessica Tyler

ADVERTISEMENT

Getty Images

This method is intended to bring more shoppers into stores by selling a little bit of everything across all categories and consumer demographics.

ADVERTISEMENT

Michael Brochstein/SOPA Images/LightRocket via Getty Images

Shoshy Ciment/Business Insider

ADVERTISEMENT

Kevork Djansezian/Getty Images

ADVERTISEMENT

Shoshy Ciment/Business Insider

Getty/Kevork Djansezian

ADVERTISEMENT

Shoshy Ciment/Business Insider

ADVERTISEMENT

Artur Widak/NurPhoto via Getty Images

Over the next 10 years, the company continued to focus on acquisitions , including purchasing Buy Buy Baby in 2007.

ADVERTISEMENT

Lisa Lake/Getty Images

Comedy Central

ADVERTISEMENT

Shoshy Ciment/Business Insider

Source: Racked

ADVERTISEMENT

Getty

Business Insider/Jessica Tyler

ADVERTISEMENT

In the presentation, the investors called company leaders at fault for failing to adapt to the modern retail landscape and causing sales to tank.

Gary Gershoff/Getty Images

ADVERTISEMENT

Shoshy Ciment/Business Insider

Source: Forbes

ADVERTISEMENT

Mark Lennihan/AP Images

ADVERTISEMENT

Shoshy Ciment/Business Insider

See Also:

SEE ALSO: Bed Bath & Beyond is closing stores in at least 8 states. See if your local store is on the list.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

US troop withdrawal from Niger hangs in the balance

US troop withdrawal from Niger hangs in the balance

Detained Binance executives sue Nigerian authorities for human right violation

Detained Binance executives sue Nigerian authorities for human right violation

Nigeria's central bank increases minimum capital base for banks

Nigeria's central bank increases minimum capital base for banks

Sony’s creators convention redefines the creative landscape for content creators

Sony’s creators convention redefines the creative landscape for content creators

Exploring the popularity of progressive jackpot slots in Indonesia

Exploring the popularity of progressive jackpot slots in Indonesia

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

10 African countries with the lowest life expectancy according to the World Bank

10 African countries with the lowest life expectancy according to the World Bank

Kenyan women are more obese than their men - here’s why

Kenyan women are more obese than their men - here’s why

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

ADVERTISEMENT