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Article: Bed bath plans better boxes to boost business.(news)
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- July 16, 2007
- Author:
CopyrightCOPYRIGHT 2007 MacFadden Communications Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MORRISTOWN, N.J. -- Bed Bath & Beyond is counting on enhancing its current big-box base for much of its future growth, the company said following its annual meeting here last week.
The retailer, which celebrated its 15th anniversary as a public company, has increased its spending on store remodels of late. "We spend a tremendous amount of time on renovating our stores," Steven Temares, Bed Bath's chief executive officer, told HFN. "As a percentage of our expenses, it's going up," he said, adding that "it's a significant part of our activities." He declined to provide specific figures for investment in renovations.
Renovation also entails the expansion of ...