Bed Bath & Beyond Results Presentation Deck slide image

Bed Bath & Beyond Results Presentation Deck

TRANSFORMATION UPDATE Key Strategic Initiatives commercial operational 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 ✓ Launch 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 Q1'21 Snapshot Expanded same-day delivery services via DoorDash ✓ Mobile app enhancements Launched 3 Owned Brands on-track✔ Penetration approx. 2x FY20 ✓ Initiated 26 BBB remodels ✓Closed 16 BBB stores (160 cumulative) V Continued positive comp sales growth Digital penetration of 55% at BABY ✓ On track for NE RDC ✓ Began IT testing and data migration 19
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