UNION, N.J., Sept. 29, 2020 /PRNewswire/ -- Bed Bath
& Beyond Inc. (Nasdaq: BBBY) today launched Same Day Delivery
at Bed Bath & Beyond and buybuy BABY, expanding the array of
omnichannel shopping services available to its customers ahead of
the 2020 holiday season. Same Day Delivery follows the successful
introduction earlier this year of Buy-Online-Pickup-In-Store
(BOPIS) and contactless Curbside Pickup, and will enable customers
to shop their favorite products online and have them delivered to
their doorstep within hours of purchase.
The Same Day Delivery service is available at a flat rate fee of
$4.99 for orders over $39, providing an easy, convenient and affordable
option. Customers in eligible zip codes can shop online for
products that are available for same day delivery at
bedbathandbeyond.com and buybuybaby.com, and select the option for
Same Day Delivery at checkout. Once the order is placed, a personal
shopper from the Company's Same Day Delivery partner Shipt will
pick up the item at the local store and deliver to the customer's
home. Delivery cut-off times will vary based on location and zip
code. Orders placed directly on bedbathandbeyond.com and
buybuybaby.com will be eligible for Beyond+ members to use their
membership discount and customers will be able to apply any valid
coupons.
Chief Digital Officer Rafeh
Masood said, "At a time when our homes have become the
center of our lives, our omni-always shopping experience is
designed to make it as easy as possible to feel at home. We've been
delighted with the strong customer response to the introduction of
BOPIS and Curbside Pickup this year, and the addition of Same Day
Delivery provides another simple and cost-effective way to shop
with certainty from the comfort of your own home this holiday
season. So, whether you need a last-minute gift, are missing that
all-purpose pan for Thanksgiving dinner, or need diapers or other
home essentials right away, we will be there to help make this
holiday season special."
The Company is also announcing a new strategic partnership with
Shipt and Instacart. Same Day Delivery service will also be
conveniently available on the Shipt and Instacart websites and
mobile apps, for customers shopping for their homes, baby or
holiday essentials. As two of the leading delivery services and
marketplaces today, both Instacart and Shipt each reach over 80% of
American households. Existing Shipt customers will still receive
free delivery on all orders over $35
when shopping directly through Shipt platforms.
Masood continued, "We are excited to launch a new strategic
partnership with Shipt and Instacart on Same Day Delivery, bringing
our unique, customer-inspired Home, Baby and Holiday range to their
marketplaces to help us reach millions more people this holiday
season."
About Bed Bath & Beyond Inc.
Bed Bath &
Beyond Inc. and subsidiaries (the "Company") is an omnichannel
retailer that makes it easy for our customers to feel at home. The
Company sells a wide assortment of domestic merchandise and home
furnishings. The Company also provides 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.
Forward-Looking Statements
This press release contains
forward-looking statements, including, but not limited to, the
Company's progress and anticipated progress towards its long-term
objectives, its plans with respect to Same Day Delivery and the
success of its relationship with Shipt and Instacart. 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, goal, and similar words and
phrases, although the absence of those words does not necessarily
mean that statements are not forward-looking. 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; risks associated with the
novel coronavirus (COVID-19) and the governmental responses to it,
including its impacts across the Company's businesses on demand and
operations, as well as on the operations of the Company's suppliers
and other business partners, and the effectiveness of the Company's
actions taken in response to these risks; 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 and
investments, including the Company's strategic restructuring
program; 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, and other factors such as natural disasters,
such as pandemics, including the COVID-19 pandemic, 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; the
ability to effectively and timely adjust the Company's plans in the
face of the rapidly changing retail and economic environment,
including in response to the COVID-19 pandemic; uncertainty in
financial markets; volatility in the price of the Company's common
stock and its effect, and the effect of other factors, including
the COVID-19 pandemic, on the Company's capital allocation
strategy; risks associated with the ability to achieve a successful
outcome for its business concepts and to otherwise achieve its
business strategies; the impact of intangible asset and other
impairments; disruptions to the Company's information technology
systems including but not limited to security breaches of systems
protecting consumer and employee information or other types of
cybercrimes or cybersecurity attacks; reputational risk arising
from challenges to the Company's or a third party product or
service 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; and foreign currency
exchange rate fluctuations. Except as required by law, the
Company does not undertake any obligation to update its
forward-looking statements.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/bed-bath--beyond-and-buybuy-baby-launch-same-day-delivery-ahead-of-the-2020-holiday-season-301139745.html
SOURCE Bed Bath & Beyond Inc.