No. 30: Bed Bath & Beyond
Industry: Consumer Discretionary
Sales: $7.1 billion
Net Income: $595.7 million
Over the past few years, Bed Bath & Beyond (BBBY) has been on a shopping spree. The Union (N.J.) housewares retailer has acquired kids' chain buybuy Baby, discounter Christmas Tree Shops, and health and beauty retailer Harmon Stores. Historically, Bed Bath & Beyond has thrived by allowing store managers to cater to local tastes. In the face of weak consumer spending, Bed Bath & Beyond has also been discounting aggressively—too aggressively for some analysts. But Chief Executive Steven Temares has hinted he'll continue the strategy in a bid to grab market share from more timid competitors.
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