Bed Bath & Beyond Results Presentation Deck slide image

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 Q3'21 Snapshot Launched digital Marketplace to expand platform Announces partnership with Kroger E-commerce First home retailer on DoorDash Marketplace ✓ +MSD% sales lift in remodels continue (ytd) ✓ 82 remodels to-date & ~170 closed (cumulative) ✓ Launched two Owned Brands, successfully achieving target of eight Owned Brands in FY21 ✓ Penetration of 25% Overall ✓ Developing Owned Brands for buybuy BABY ✓ Double-digit positive comp sales bbBABY growth & sustaining YTD market share gains ✓ Digital penetration >50% at BABY Signed LOI for West Coast RDC in Southern California; on track for construction in 2022 ✓ Beginning final round of ERP testing ahead of 1Q22 activation within Finance 17
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