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(CNN)   Bed Bath & Beyond cutting air conditioning in an effort to sweat out slump in sales   (cnn.com) divider line
    More: Sad, Bed Bath & Beyond, Bed Bath, store temperature guidelines, Sales, Christmas Tree Shops, Activist investor RC Ventures, retailer's stock, homegoods retailer's first quarter report  
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866 clicks; posted to Business » on 28 Jun 2022 at 6:18 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



23 Comments     (+0 »)
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2022-06-28 6:20:37 PM  
That's some Sears shiat right there.

Back when they were still opened they would be one of the warmest, most muggy stores in the mall. They just felt icky to be in, and it was probably because they were cutting back on their AC.
 
2022-06-28 6:26:18 PM  
Jack up prices to 150 percent over normal retail. (no one pays that) then offer 20 percent off....IT'S A DEAL.
 
2022-06-28 6:28:09 PM  
The AC was "broken" at my optometrist's office, every single time I was there over a course of 2 and a half years.
 
2022-06-28 6:31:38 PM  
Screw 'em.  They apparently started cutting costs years ago when they eliminated bubble wrap and other protective materials from their packaging.  >:(  I ordered a full place setting of Fiestaware; I received a box of shards (and one little fruit bowl that managed to survive).
 
2022-06-28 6:40:15 PM  

Mad_Radhu: That's some Sears shiat right there.

Back when they were still opened they would be one of the warmest, most muggy stores in the mall. They just felt icky to be in, and it was probably because they were cutting back on their AC.


Macy's is like that at my mall. Maybe they think they don't need it because they're next to the skating rink but they do.
 
2022-06-28 6:59:23 PM  
Dumb move.

The thing to do is to cut the heat during the winter.  Makes all those blankets and comforters more appealing.
 
2022-06-28 7:16:05 PM  

optikeye: Jack up prices to 150 percent over normal retail. (no one pays that) then offer 20 percent off....IT'S A DEAL.


Who do you think they are, Kohls ?
 
2022-06-28 7:21:26 PM  

alienated: Kohls


But it's a great deal if you redeem your Kohl's cash that's valid for 30 days, but only after waiting 14 days, and then only valid on odd-numbered Tuesdays or Fridays that aren't in the first or third full week of the month (and only in months with 30 or fewer days - unless it's February, when only leap years count).
 
2022-06-28 7:28:19 PM  
Bed, Bath and Beyond the Grave.
 
2022-06-28 7:29:29 PM  
And yet, our local Fry's (Kroger) store is making room for a BB&B "Store within a store." Such great timing.
 
2022-06-28 7:31:46 PM  

optikeye: Jack up prices to 150 percent over normal retail. (no one pays that) then offer 20 percent off....IT'S A DEAL.


As far as kitchen equipment, their costs seem to be pretty close to Target pre-coupons, at least at my local stores. With a coupon, which they send me all the time, BB&B is pretty much always the cheapest.
 
2022-06-28 7:34:04 PM  
You know, if they had bothered to install solar panels on the roof, and assuming a properly insulated and supported roof, they could crank the air conditioning up and most probably draw nothing from the grid on the hottest of days.

There might yet come a day when retailers will be able to offer and advertise great air-conditioned environments that they can provide more or less for free.

People make poor choices, who knew?

Another angle?

How about municipalities make it a condition that retail and commercial spaces have rooftop solar before they ever get to construction?  The retail business model relies on a fixed cost for construction amortized over a long string of cash flows from sales. Better sales and a better building over time are going to pay for those panels.

/ Free air conditioning all day
// It will be getting to about 100F with 60%RH.
/// Busy day.
 
2022-06-28 8:07:10 PM  
When I worked at Service Merchandise they did this one summer.

It was miserable.
 
2022-06-28 8:12:15 PM  
Pulling back on the A/C to draw in better profits is just a death spiral. No customer wants to shop in a store that makes them physically uncomfortable.
 
2022-06-28 8:19:48 PM  
Huh, I thought they were completely shut down.  I know the one near us is closed.
 
2022-06-28 8:50:49 PM  

DesertCoyote: And yet, our local Fry's (Kroger) store is making room for a BB&B "Store within a store." Such great timing.


It sounds like an effective way to make shopping there just a little more unpleasant, which is right up Kroger's alley.
 
2022-06-28 9:25:32 PM  
Well, I guess I'll have to get my beyond somewhere else!
 
2022-06-28 10:18:26 PM  
Brilliant idea on the part of the bean counters. Make the store uncomfortable so nobody will stay long to browse and possibly buy more than what they originally came for.

Stepping over a dollar to pick up a dime must be required coursework in any MBA program. Our upper management does it all the time at my company as well.
 
2022-06-28 10:47:21 PM  
i.ytimg.comView Full Size
 
2022-06-28 10:58:14 PM  
"We've been contacted about this report, and to be clear, no Bed Bath & Beyond stores were directed to adjust their air conditioning and there have been no corporate policy changes in regard to utilities usage," said a representative. "
But they certainly did tell every store that they had better cut short term expenses, but not by reducing electricity usage, wink, wink. And if you don't, you're fired.
 
2022-06-29 2:43:18 AM  
Bed, Bath & Ban roll-on
 
2022-06-29 8:16:38 AM  

Galaxie500: Screw 'em.  They apparently started cutting costs years ago when they eliminated bubble wrap and other protective materials from their packaging.  >:(  I ordered a full place setting of Fiestaware; I received a box of shards (and one little fruit bowl that managed to survive).


That sounds like a Pixar movie.
 
2022-06-29 6:36:54 PM  

2fardownthread: You know, if they had bothered to install solar panels on the roof, and assuming a properly insulated and supported roof, they could crank the air conditioning up and most probably draw nothing from the grid on the hottest of days.

There might yet come a day when retailers will be able to offer and advertise great air-conditioned environments that they can provide more or less for free.

People make poor choices, who knew?

Another angle?

How about municipalities make it a condition that retail and commercial spaces have rooftop solar before they ever get to construction?  The retail business model relies on a fixed cost for construction amortized over a long string of cash flows from sales. Better sales and a better building over time are going to pay for those panels.

/ Free air conditioning all day
// It will be getting to about 100F with 60%RH.
/// Busy day.


Most BB&B stores are leased in plazas. Solar panels would be a capital expenditure by the landlord, which largely isn't going to happen since most of these are triple net leases where the tenants pay the utilities. Tenants who are coming into the property are making money so utilities aren't a big deal, and even if it defrayed some utility costs, their rent would be increased to amortize the cost of the solar installation.

The market isn't really competitive enough in most areas so that adding amenities such as solar would make sense in terms of enticing tenants to choose one location over another.

What would have to happen is tax breaks of one sort or another for landlords to encourage adding solar.
 
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