UNION, N.J., April 4, 2018 /PRNewswire/ -- Bed Bath &
Beyond Inc. (NASDAQ: BBBY) announced today that is has appointed JB
(Johnathan) Osborne, co-founder and
CEO of Red Antler, as an independent member of the Company's Board
of Directors, effective immediately. This appointment expands
the Board to 11 members. The Company will nominate Osborne
for election at Bed Bath & Beyond's 2018 Annual Meeting of
Shareholders.
"We are delighted to welcome JB to our Board," said Steven Temares, Bed Bath & Beyond's CEO and
Member of its Board of Directors. "He joins Bed Bath &
Beyond at an exciting time as we continue to execute against a
roadmap designed to enhance our position as our customers' first
choice for the home and heartfelt life events."
"I am excited to join the Board of Bed Bath & Beyond, and
look forward to working with Steven and the other Directors as the
Company continues to transform and strengthen its brand position in
the home," Osborne said.
About JB (Johnathan)
Osborne
Osborne, 37, is the CEO of Red Antler, a branding company, which
he co-founded in 2007. Leading a multi-disciplinary team of
strategists, designers, marketers and engineers with his
co-founders at Red Antler, Osborne has helped define a new
generation of products and services that people love. Since
2007, he has worked with founders of top, fast-growing companies
across categories including Casper, Allbirds, Brandless,
Foursquare, and Birchbox, advising them on how to build
category-defining experiences. In addition, Osborne oversees
Red Antler's operations and venture partnerships, and frequently
speaks to venture portfolios, accelerators, and at conferences
about the role of brand in building a category leading
business. Osborne was selected as one of WWD's (Women's Wear
Daily) 40 under 40 in fashion and retail in 2017, and was also
selected as one of Forbes' Consumer Catalysts: 2017's Top
Dealmakers and Influencers in the Consumer Industry.
Prior to founding Red Antler, Osborne opened the New York office of Consortium, a boutique
creative shop based in Auckland, New
Zealand. He began his career at advertising agency Saatchi
& Saatchi working with global brands. He graduated Magna Cum
Laude from Cornell University with a
degree in Business and is active with their Entrepreneurship
program and Cornell Tech.
About the Company
Bed Bath & Beyond Inc. and subsidiaries (the "Company") is
an omnichannel retailer selling a wide assortment of domestics
merchandise and home furnishings which operates under the names Bed
Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops
andThat! or andThat!, Harmon, Harmon Face Values or Face Values,
buybuy BABY and World Market, Cost Plus World Market or Cost Plus.
Customers can purchase products either in-store, online, with a
mobile device or through a customer contact center. The Company
generally has the ability to have customer purchases picked up
in-store or shipped direct to the customer from the Company's
distribution facilities, stores or vendors. In addition, the
Company operates Of a Kind, an e-commerce website that features
specially commissioned, limited edition items from emerging fashion
and home designers; One Kings Lane,
an authority in home décor and design, offering a unique collection
of select home goods, designer and vintage items;
PersonalizationMall.com, an industry-leading online retailer of
personalized products; Chef Central, an online retailer of
kitchenware, cookware and homeware items catering to cooking and
baking enthusiasts; and Decorist, an online interior design
platform that provides personalized home design services. The
Company also operates Linen Holdings, a provider of a variety of
textile products, amenities and other goods to institutional
customers in the hospitality, cruise line, healthcare and other
industries. Additionally, the Company is a partner in a joint
venture which operates retail stores in Mexico under the name Bed Bath &
Beyond.
The Company operates websites at bedbathandbeyond.com,
bedbathandbeyond.ca, worldmarket.com, buybuybaby.com,
buybuybaby.ca, christmastreeshops.com, andthat.com,
harmondiscount.com, facevalues.com, ofakind.com, onekingslane.com,
personalizationmall.com, chefcentral.com, decorist.com,
harborlinen.com, and t-ygroup.com.
Forward-Looking Statements
This press release may contain forward-looking statements.
Many of these forward-looking statements can be identified by use
of words such as may, will, expect, anticipate, approximate,
estimate, assume, continue, model, project, plan, and similar words
and phrases. The Company's actual results and future
financial condition may differ materially from those expressed in
any such forward-looking statements as a result of many factors.
Such factors include, without limitation: general economic
conditions including the housing market, a challenging overall
macroeconomic environment and related changes in the retailing
environment; consumer preferences, spending habits and adoption of
new technologies; demographics and other macroeconomic factors that
may impact the level of spending for the types of merchandise sold
by the Company; civil disturbances and terrorist acts; unusual
weather patterns and natural disasters; competition from existing
and potential competitors across all channels; pricing pressures;
liquidity; the ability to achieve anticipated cost savings, and to
not exceed anticipated costs, associated with organizational
changes; the ability to attract and retain qualified employees in
all areas of the organization; the cost of labor, merchandise and
other costs and expenses; potential supply chain disruption due to
trade restrictions, political instability, labor disturbances,
product recalls, financial or operational instability of suppliers
or carriers, and other items; the ability to find suitable
locations at acceptable occupancy costs and other terms to support
the Company's plans for new stores; the ability to establish and
profitably maintain the appropriate mix of digital and physical
presence in the markets it serves; the ability to assess and
implement technologies in support of the Company's development of
its omnichannel capabilities; uncertainty in financial markets;
volatility in the price of the Company's common stock and its
effect, and the effect of other factors, on the Company's capital
allocation strategy; disruptions to the Company's information
technology systems including but not limited to security breaches
of systems protecting consumer and employee information;
reputational risk arising from challenges to the Company's or a
third party supplier's compliance with various laws, regulations or
standards, including those related to labor, health, safety,
privacy or the environment; reputational risk arising from
third-party merchandise or service vendor performance in direct
home delivery or assembly of product for customers; changes to
statutory, regulatory and legal requirements, including without
limitation proposed changes affecting international trade; changes
to, or new, tax laws or interpretation of existing tax laws; new,
or developments in existing, litigation, claims or assessments;
changes to, or new, accounting standards; foreign currency exchange
rate fluctuations; and the integration of acquired
businesses. The Company does not undertake any obligation to
update its forward-looking statements.
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SOURCE Bed Bath & Beyond Inc.