This excerpt taken from the BBBY 10-K filed May 12, 2005.
The Company places great emphasis on the training of store level management. All entry-level management personnel are generally required to work in various departments of the store to acquire an overall understanding of store operations. In addition, all BBB store associates receive formalized training, including sales techniques and product knowledge, through the Bed Bath & Beyond University program.
The Companys policy is to generally build its management organization from within. Each of the Companys area, district and regional managers was recruited from the ranks of the Companys store managers and each of the Companys store managers joined the Company in an entry-level position. The Company believes that its policy of promoting from within, as well as the opportunities for advancement generated by its ongoing expansion program, serve as incentives to persons to seek and retain employment with the Company, and result in low turnover among its managers.