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Here is how Beyond (BBBY) and Dillard's (DDS) have performed compared to their sector so far this year.
Shopping center REITs are undervalued, with record-low vacancies, robust rental growth, and limited new supply driving a multi-year runway for outsized returns. Leasing activity has exceeded expectations, with higher rents, lower costs, and better tenant quality replacing bankrupt retailers, supporting stronger earnings growth. Public shopping center REITs trade at a significant discount to private market values and replacement costs, despite improved fundamentals and institutional capital interest.
Today, Bed Bath & Beyond will be trading on the New York Stock Exchange under its former ticker symbol BBBY.
The old Beyond Inc., newly resurrected as Bed Bath & Beyond, is starting to open new stores, but executive chairman Marcus Lemonis announced that the company will steer clear of California because he considers the state too costly to operate in profitably, according to a company statement.
Marcus Lemonis, executive chairman of Bed Bath & Beyond, said the decision “isn't about politics – it's about reality.”
Executive Chairman Marcus Lemonis tells ‘The Big Money Show' that Bed Bath & Beyond will relaunch 300 stores nationwide — excluding California — while blasting high costs, strict regulations, and weak crime enforcement.
Bed Bath & Beyond's parent company said it's time for a name change. Beyond said it will “reclaim” the name Bed Bath & Beyond and begin trading under the ticker symbol BBBY on the New York Stock Exchange starting Aug. 29, according to a Monday (Aug. 18) press release.
MURRAY, Utah--(BUSINESS WIRE)--Beyond, Inc. renaming to Bed, Bath & Beyond and changing ticker symbol to BBBY.
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Bankrupt home goods chain Bed Bath & Beyond is coming back to life through its new owners and licensees. The first brick and mortar Bed Bath & Beyond store to open since its liquidation launched in Nashville, Tennessee, on Friday with potentially dozens more openings to come.