Read This First
If you believe that Amazon (AMZN) is going to be the only retailer alive in 10 years then you should save yourself some time and not read any further. The case I’m going to make is based on the premise that some retailers will survive in the era of Amazon. More specially, I’m going to make the case that Bed Bath & Beyond (BBBY) will be one of those retailers and, as such, is currently trading at levels that represent a bargain.
A Bit of Background Knowledge
The company’s first two stores opened in 1971 and primarily sold bed linens and bath accessories. The “and Beyond” part of the name would be added in 1985 when the company started selling other home furnishings. Today the company has 1,546 stores (plus an online presence)[1] across North America and sells just about everything you would need to furnish your home: things like pillows, shower curtains, blenders and couches. The company likes to think of itself as the go-to place when shopping for “heart-related life events”. These are the events that represent a pivot in your life: events like a marriage, a new house, or going off to college.
