BBBY Keeps Growth Steady

UNION, NJ-Bed Bath & Beyond will open 70 of its namesake stores in 2007, roughly the same amount on tap the retailer has for the current year. The chain, with 795 units across the country, is expected to eventually reach a total of 1,300 stores, executives said during their third-quarter conference call.

“Our steady growth should continue for years in the future,” says Warren Eisenberg, the company’s co-chairman. The company is also expanding its other two concepts, the 35-stores Christmas Tree Shops and the 38-unit cosmetics chain Harmon.

The company plans to open 17 Bed Bath & Beyonds, on top of the one it has already opened for the period. For the full year it has opened six Christmas Trees and one Harmon unit. Capital expenditures for the full year are slated to come in at $300 million, mostly due to new store openings.