Guests – new and existing ones – are checking out the Bed Bath & Beyond as the business reveals its third-quarter performance.
The retailer, now operated by Overstock.com, released an update on its third-quarter performance in which it reported mid-single-digit percent growth in orders year-over-year, including high-teens per cent growth year-over-year since the US launch.
In other results, the company said it experienced a mid-single-digit per cent net increase in active customers since the US launch. It also reported a mid-teens per cent decline year-over-year, with a low-double-digit per cent decline year-over-year since the US launch.
“Consumers are showing that they love the new Bed Bath & Beyond,” said Jonathan Johnson, CEO of the new Bed Bath & Beyond. “Even in a challenging macro-economic environment, we acquired new customers and re-activated past customers. Our topline performance is improving steadily. We have experienced year-over-year order growth since the US launch, led by orders from new customers.”
