Bed Bath & Beyond Results Presentation Deck
commercial
operational
TRANSFORMATION UPDATE
Key Strategic Initiatives
Digital-First,
Omni-Always
Store Remodel
& Fleet Optimization
Inspirational
merchandising
assortment including
Owned Brands
Accelerate growth of
buybuy BABY & Harmon
Banners
Modernize supply chain
and technology
BED BATH & BEYOND
3-Year Strategic
Plan
Stores as fulfillment hubs
✓ Omni-always platform
Remodel ~450 BBB
stores
✓Close ~200 BBB stores
✓Launch 10 BBB Owned
Brands
✓ Owned Brand
penetration of 30%
✓ Increase BABY sales to
$1.5B+
✓ Reduce store
replenishment to 10 days
(via RDCs)
✓ New tech roadmap
(merch, ERP & supply
chain)
Fiscal Year 2021
(Year 1) of
Transformation
✓
Invest in key projects for
enhanced capabilities
✓ Approx. 130 to 150
remodels
Approx. 200 BBB closures
(cumulative)
✓ Introduce 8 Owned Brands
✓ Launched 6 Owned Brands
in 1H21
✓ Owned brand penetration
of 20%
✓ Modernize destination
categories & extend value
prop
Age up strategy
✓ Plan and begin
implementation of two
RDCs in NE/West
✓ Initiate new Oracle ERP
rollout
on-track
on-track
on-track
on-track
on-track
on-track
Q2'21 Snapshot
Instituted cross-banner browsing
Launched pre-store opening curb-side pick-up
✓ Expanded same day delivery via new Roadie
partnership
+MSD% sales lift in remodels above plan
✓ Re-opened Chelsea flagship performing ahead of
expectations
✓ 70 remodels to-date & closed 5 BBB stores (165
cumulative)
✓ Launched three new Owned Brands
✓ Penetration of >20% Overall & >25% in
remodeled stores
✓ Double-digit positive comp sales growth &
market share gains
✓ Digital penetration >50% at BABY
✓ Announced strategic partnership with Ryder to
develop/operate NE and West RDCs
✓ Tech roadmap and ERP implementation on track
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