This is likely due to the number of Christmas Tree Shops, but there are still a good number of regular stores for how many people live out on the Cape. The most interesting densely populated region is the Cape Cod area of Massachusetts. The core-based statistical areas with the most stores per capita are mostly rural locations out west: Breckenridge, Colorado, Walla Walla, Washington, and Moscow, Idaho all only have one store, but don't have many people. A heatmap that breaks down the number of stores per 1,000 people in a county and core-based statistical area makes this abundantly clear, as well as shows us where those oversaturated locations really are. Here is the problem with assuming the New York metro area has too many Bed Bath & Beyond stores: this area is also the most population-dense place in America. After sifting through the data, the outer limits of the New York Metropolitan Area became a clear winner (or loser) in proximity.Ħ20 Sixth Ave between 18th and 19th Street Outside of the closest nearest store - or even second - the third closest one can reveal a bundle of locations in a concentrated market, or help us break through this issue of false flagging a store in close proximity when it's just in the same mall. In other words, Bed Bath & Beyond fits two, or in some cases three, different types of stores within one shopping complex or mall: We call this first metric the "Mattress Firm effect" when a retailer has multiple stores open within a short drive of one another for too small of a market, it can be a sore spot within a portfolio.įocusing solely on Bed Bath & Beyond's main store locations, a few Buy Buy Baby's and other properties snuck into the data due to overlap. We currently track 1,928 Bed Bath & Beyond locations, including its aforementioned sub-brands. Penney was closing locations nationwide - we can get an idea of where the company may close up shop. Bed, Bath & Beyond has yet to announce where those locations will be, but by using some proximity data analysis, as we did when J.C. The closures will almost certainly target under-performing locations. This comes on the heels of warnings to investors that a same-store sales decrease of between 5 and 6 percent along with a net loss of 18 stores last quarter is incoming. Bed Bath & Beyond ( $BBBY), the home-goods store that also owns Buy Buy Baby and the Christmas Tree Shops, announced that it would close 40 stores, but open 15 new locations, in 2019.
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