This excerpt taken from the BBBY 10-K filed May 12, 2005.
Bed Bath & Beyond Inc. and subsidiaries (the Company) operate specialty retail stores nationwide, including stores of Bed Bath & Beyond (BBB), Harmon Stores, Inc. (Harmon) and Christmas Tree Shops, Inc. (CTS). The Company believes it is the nations largest operator of stores selling predominantly better quality domestics merchandise and home furnishings.
BBB stores are almost exclusively of a big box format. BBB offers a wide assortment of merchandise at everyday low prices that are substantially below regular department store prices and generally comparable to or below department store sale prices. BBBs domestics merchandise line includes items such as bed linens, bath accessories and kitchen textiles, and BBBs home furnishings line includes items such as cookware, dinnerware, glassware and basic housewares. BBB believes that it offers a breadth and depth of selection in most of its product categories that exceeds what is generally available in department stores or other specialty retail stores and that this enables it to offer customers the convenience of one-stop shopping for most household items.
As of February 26, 2005, BBB operated 660 stores in 44 states and one territory: Alabama (8), Arizona (12), Arkansas (3), California (75), Colorado (16), Connecticut (12), Delaware (1), Florida (51), Georgia (19), Idaho (3), Illinois (29), Indiana (14), Iowa (6), Kansas (7), Kentucky (5), Louisiana (10), Maine (2), Maryland (15), Massachusetts (14), Michigan (27), Minnesota (9), Mississippi (3), Missouri (10), Nebraska (2), Nevada (5), New Hampshire (6), New Jersey (28), New Mexico (3), New York (42), North Carolina (18), North Dakota (2), Ohio (26), Oklahoma (4), Oregon (8), Pennsylvania (25), Rhode Island (3), South Carolina (12), Tennessee (14), Texas (55), Utah (9), Vermont (1), Virginia (21), Washington (15), Wisconsin (7), and Puerto Rico (3). These stores principally range in size from 20,000 square feet to 50,000 square feet, with some exceeding 80,000 square feet, and carry BBBs full line of both domestics merchandise and home furnishings.
CTS is a retailer of giftware and household items selling a broad assortment of domestics merchandise and home furnishings at value prices in many categories including home décor, giftware, housewares, food, paper goods and seasonal products. As of February 26, 2005, CTS operated 26 stores in 7 states.
Harmon is a health and beauty care retailer, which operated 35 stores in 3 states as of February 26, 2005.