If the brands seize this moment as an opportunity and gain 5% of BBBY's sales, it would translate to a 3% and 1% for sales lift respectively, reads the note.īelow is Bank of America's price target for each off-price retailer. While BURL and ROST don't have specialized retailers for home decor, both have plans to further expand into this category. If TJX is able to successfully gain 5 to 10% of BBBY's sales, BoA estimates it would translate into a 1% sales lift. ![]() Once again, TJX's Home Goods brand is expected to become the top beneficiary since it's both the largest of the competitors and offers similar products to its BBBY. And this redirection could end up being a permanent fix, as BBBY's vendors scramble to establish new ties to make up for one lost customer. Inventory that didn't make it off the shelf before the shutdown could end up restocked at discounted rates by the same three retailers. Home and baby products are another opportunity zone. Locations aren't the only thing up for grabs. ![]() Off-price retailers' store proximity to Bed Bath & Beyond store locations. Finally, Ross Stores (ROST) could use the new vacancies as an opportunity to expand into new areas, the note adds.īelow is a table from Bank of America that indicates off-price retailers' store proximity to BBBY stores across the US, with the limited proximity for HomeGoods and Burlington highlighted. TJX's HomeGoods subsidiary is a runner-up, with only 38% of BBBY stores being within a one-mile radius and 52% within two miles. Within that category is Burlington Stores (BURL) which could stand to benefit most since only 35% of BBBY locations have a BURL store within a 1-mile radius, and 50% within two miles, the note reads. Somos proactivos y estamos siempre al día en tendencias y tecnologías.El resultado es la innovación constante. Many of these are located in prime shopping malls and strip centers across the country.īoA expects these hot spots to be gobbled up by off-price retailers that have near-term plans to expand. Location, Location, Location.Īnother 360 Bed Bath & Beyond locations and 120 buybuy Baby locations are set to shutter their doors by the end of June. Unfortunately, the downsizing wasn't enough to save the giant.īut one company's pain could be another's gain.Īccording to a May 2 note by Bank of America, other off-price retailers - or those that offer similar products at discounted rates - stand to benefit from their competitor's downfall on many fronts. The home goods retailer had been struggling with dropping sales in 2022 leading it to shut down 400 US locations and offload 20% of its corporate workforce. On Wednesday, the trading day opened with one less ticker: Bed Bath & Beyond ( BBBY) is no longer available to trade after the company filed for Chapter 11 bankruptcy protection in the final week of April. The company has voluntarily provided company contact details and is.
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