Burlington Stores - Scooping up Bed Bath and Beyond’s Real Estate

They say that one man’s trash is another one’s treasure – and for Burlington Stores, opportunity knocked when Bed Bath & Beyond selected Burlington Stores as the successful bidder for many of its leases, with the latter taking over 44 locations for $12 million. Per CNBC, many of these new venues are scattered across the country.

Using Placer data, we are able to compare visitation trends to these locations when they were branded as a Bed Bath & Beyond store versus when the new leases took over.

In Avondale, AZ, the new Burlington store is receiving over twice the traffic (241.8% more visits per square foot) during the holiday shopping season in December 2024 compared to a similar time frame when it was a Bed Bath & Beyond in December 2021.

In comparing shopping center frequented by visitors to the analyzed venue, the profile of the shopper has changed somewhat.  While both sets of shoppers frequented the nearby Gateway Crossings, Westgate Entertainment District, and Arrowhead Towne Center, Burlington shoppers had a penchant for Desert Sky Mall and Tanger Outlets Phoenix, whereas the Bed Bath & Beyond shoppers preferred Palm Valley Pavillions West and Coldwater Plaza.

Whereas the top four segments have remained consistent for both banners, Burlington attracts a higher proportion of Melting Pot Families - over 2x the rate compared to when it was a Bed Bath & Beyond.

In a head to head comparison using comparable months, Burlington attracted over 3x the traffic in its first year of opening, compared to when it was a Bed Bath and Beyond two years prior.

The number of visits across numerous visit durations was considerably higher to Burlington, and the average dwell time increased to 41 minutes compared to 31 minutes when it was a Bed Bath & Beyond.

While this is just one example of a Burlington takeover, it goes to show that while the location may stay the same, the audience it attracts  will vary and this Burlington is off to an excellent start.