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4-Traders Homepage  >  Equities  >  Nasdaq  >  Bed Bath & Beyond Inc.    BBBY

Delayed Quote. Delayed  - 09/30 10:00:00 pm
43.11 USD   +2.20%
09/27 BED BATH & BEYO : The Santa Fe New Mexican Bruce Krasnow column
09/22DJBED BATH & BEYO : Business Watch -- WSJ
09/21DJBED BATH & BEYO : Profit Fell on Comparable Sales Dip
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Bed Bath & Beyond : The Santa Fe New Mexican Bruce Krasnow column

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09/27/2016 | 05:06pm CEST

Sept. 27--All Halloween all the time could very well be the slogan of the retail store that opened last week in the space vacated by Sports Authority at Santa Fe Place mall.

Halloween City carries some 20,000 items, from masks and wigs to fangs and swords to eyeliner and full-blown costumes for children and adults.

A manager said she expects some of the favorites this year to be from Game of Thrones, Star Wars, Steampunk, Deadpool, as well as the ever-popular array of zombie outfits. The manager said the store already has been discovered by the movie industry, which sends technicians to try find certain wigs or makeup to match existing outfits used on various sets.

The pop-up outlet is owned by Party City, which has a store on Cordova Road in Santa Fe, and has proven popular in other cities. It plans to be open 10 a.m. to 8 p.m. Monday-Thursday and until 9 p.m. on Friday and Saturday. Sunday hours are 10 a.m. to 6 p.m.

The store has 20 employees and a lease on the location through mid-November, according to the manager.

There are other changes coming to Santa Fe Place, according to the Spinoso Real Estate Group, which manages the property.

Chief executive Carmen Spinoso said seven new stores will be opening in 2016 and 2017 -- H&M, Forever 21, Crunch Fitness, Skechers, Lids, Boba Tea and Perfect Brow. In addition to new stores, The Children's Place underwent a store renovation that was completed in September, and Kay Jewelers is undergoing a remodel that will be completed next month.

He said the new stores are in addition to the recent redevelopment of of the center court area, free Wi-Fi service throughout the mall and the opening of the Bed Bath & Beyond and Cost Plus World Market.

"This is an exciting time for Santa Fe Place," Spinoso said. "The addition of these great new stores will further our goal of providing an inviting community gathering place and vibrant shopping destination for Santa Fe residents."

Signage around the mall also advertises the Regal Cinema Group as a new tenant. It operated several screens when the mall went by the Villa Linda name. Those screens closed soon after Regal built its new stadium-seating Regal 14 cinema on Zafarano Drive.

Some of the former theater space has been torn down and converted for anchor tenants Cost Plus World Market and Bed Bath & Beyond. But the screens that occupied the space on the south side of the property, adjacent to the food court, remain empty.

One industry person in Santa Fe said that with the addition of the Violet Crown Cinema in the Railyard, Santa Fe is probably overbuilt for movie screens based on the population. But there is a market for big-screen releases that can be seen several weeks later at a discounted price, and the mall location would be a good fit for that option, he said.

It would also help Regal 14 get more blockbuster films if it can keep movies in Santa Fe longer, even if that means selling seats for less than full price.

----The city of Santa Fe is gaining increasing attention for its startup business culture.

According to data by the U.S. Census Bureau, Santa Fe is No. 15 nationally for the contribution of startup businesses based on the total percentage of new employment.

In addition, the National Endowment for the Arts, in a major study called "Creativity Connects: Trends and Conditions Affecting U.S. Artists," named Santa Fe as one of the top cities in the concentration of artists per capita.

Among the findings of the report is that artists are far more likely to be self-employed than other professionals, and there are more people listing some form of art as a secondary career or as part of an interdisciplinary career.

As part of its work, the National Endowment also has scheduled a roundtable for Oct. 13 in Santa Fe to look at the city's creative culture and how that can be nurtured.

In a statement released with the reports, Mayor Javier Gonzales said the focus on what he called "an entrepreneurial economy" is paying off. "It's a reason to stay the course, and to continue increasing our investments in our artists and in our startup economy whenever we have the opportunity to do so."

----For years, public health advocates have tried to persuade New Mexico officials to open a dental school. It also has been at the top of the list for economic development advocates, because any New Mexico student who wants to become a dentist has to go out of state for an education.

Now, it looks like Texas is moving ahead with an effort for a dental school in El Paso as part of the Texas Tech University Health Sciences Center. The Hunt Family Foundation has pledged $25 million to the school, and it is expected to be up and running by 2020, according to Construction Reporter.

Contact Bruce Krasnow at brucek@sfnewmexican.com.


(c)2016 The Santa Fe New Mexican (Santa Fe, N.M.)

Visit The Santa Fe New Mexican (Santa Fe, N.M.) at www.santafenewmexican.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2017 12 240 M
EBIT 2017 1 197 M
Net income 2017 715 M
Debt 2017 985 M
Yield 2017 0,80%
P/E ratio 2017 8,86
P/E ratio 2018 8,50
EV / Sales 2017 0,61x
EV / Sales 2018 0,60x
Capitalization 6 515 M
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Bed Bath & Beyond Inc. Technical Analysis Chart | BBBY | US0758961009 | 4-Traders
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Mean consensus HOLD
Number of Analysts 27
Average target price 43,3 $
Spread / Average Target 2,6%
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Steven H. Temares Chief Executive Officer & Director
Arthur Stark President & Chief Merchandising Officer
Leonard Feinstein Co-Chairman
Warren Eisenberg Co-Chairman
Eugene A. Castagna Chief Operating Officer
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BED BATH & BEYOND INC.-12.58%6 515
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