Thanks for Visiting!

Register for free to get the full story.

Sign Up
Already have a Placer.ai account? Log In

Placer Bytes: Bed Bath & Beyond and Tuesday Morning

by 
Shira Petrack
 on 
September 9, 2021
Placer Bytes: Bed Bath & Beyond and Tuesday Morning

In our Quarterly Index, we noted that the pent-up consumer demand for home furnishings gave many home goods chains a visit boost in Q2 2021 – but some brands, like Bed Bath & Beyond and Tuesday Morning, were still struggling. With Q3 almost behind us, we dove into the foot traffic data to uncover the summer recovery trajectory of these two brands. 

While brands like Home Goods and At Home have succeeded in tapping into the emergence of home nesting – July visits were up 28.6% and 16.9%, respectively, when compared to 2019 –  visits to Bed Bath & Beyond and Tuesday Morning were still significantly lower than they were in 2019. In July, Bed Bath and Beyond saw a 23.1% decrease and Tuesday Morning a 16.2% drop.

A major reason for the drop in visits is that both Tuesday Morning and Bed Bath & Beyond have been closing a significant number of stores. Tuesday Morning, which filed for bankruptcy in light of the pandemic, announced the closure of about 230 stores – around a third of its nearly 700 stores. Bed Bath & Beyond is also continuing with its planned store closures after already shuttering around 60 stores in 2020, in order to reduce its store fleet by over 20% and improve its omnichannel and e-commerce capacities. Meanwhile, At Home and HomeGoods have been opening new stores. 

Effect on Competitive Dynamics

The shifts in visit patterns have changed the market dynamics between the home goods players. At the beginning of last year, Bed Bath & Beyond and HomeGoods received almost the same number of monthly visits, with 49.5% and 50.5% of visits going to the respective retailers. A little over a year and a half later, in July 2021, HomeGoods has surpassed Bed Bath & Beyond with 56.2% of visits going to HomeGoods compared to 43.8% of visits going to Bed Bath & Beyond. 

Hints of a Comeback

But despite the drop in visits compared to 2019, weekly visit data over the past few months reveals  consistent growth when comparing each week to the week that came prior. Both brands have experienced week-over-week drops in weekly visits only 4 times between May 17th and August 22nd, while the other weeks showed a clear gain over the previous week. 

This could mean that fewer stores are closing now, and visits to the retailers are beginning to stabilize. So, while it’s unlikely that Bed Bath & Beyond or Tuesday Morning will return to the 2019 levels now that the brands have fewer stores, the home goods retailers’ positions are improving - an especially important factor ahead of a critical holiday season.

Will visits to HomeGoods continue to grow relative to 2019? Will the week-over-week growth in visits continue for Bed Bath & Beyond and Tuesday Morning? 

Visit Placer.ai to find out. 

Get 3 brand & industry
breakdowns every week

Subscribe to the newsletter

Great! Prepare your inbox for data-driven insights...
Oops! Something went wrong while submitting the form.

Get a Demo

Please enter your first name
Please enter your last name
Please provide a valid email
Please enter your email
Please enter company name

Thanks for reaching out!

One of our experts will be in touch soon

Try Placer.ai Free
Oops! Something went wrong while submitting the form.
Exploring Luxury Hotel Brands’ Guest Segmentation
The St. Patrick’s Day Effect
How Can JOANN Make a Comeback?
Panera Bread Well Positioned for Possible IPO
Who Will Benefit From Family Dollar’s Downsizing?
Dave & Buster’s and Main Event Entertainment: Food and Fun for Everyone
Darden Brands: Location Analytics and Consumer Behavior
Nike and lululemon: a Strong 2023, Sprinting into 2024
Where Is Retail and Dining Foot Traffic Thriving in Early 2024?
Placer.ai White Paper Recap – February 2024
Three Retail & Dining Chains That May Surprise in 2024
Specialty Discount Chains Rock Retail Therapy
Placer.ai Mall Index: February 2024
Placer.ai Office Index: February 2024 Recap
Ulta Beauty Continues To Shine
First Watch Sails Into 2024
Hibbett Sports and DICK’S Sporting Goods: A Psychographic Analysis
Checking in With Discount & Dollar Stores
Peeking Behind The Curtain: Movie Theaters in 2023 and Beyond
Diving Into Brick-and-Mortar Eyewear
Getting Into Gear: Exploring The Auto Part Industry
Recapping Valentine’s Day 2024 Foot Traffic Trends
Fitness: A Strong Start to 2024
Dutch Bros. Continues To Percolate Visits
Super Bowl 2024: Placer.ai’s Postgame Foot Traffic Analysis
CAVA & sweetgreen Are On the Rise
Hats Off For Off-Price
Who Is Shopping at Malls?
Drilling Down Into Home Improvement
Walmart, Target, Costco & Superstore Space 2023 Recap
Catching Up With Shake Shack and Wingstop
Something To Chew On: Demographic Shifts at Steakhouse Chains
Placer.ai Office Index: Looking Back at 2023
Recapping RBI & Yum! Brands’ 2023 Foot Traffic Performance
Placer.ai White Paper Recap – January 2024
Who Shops at Anthropologie and Urban Outfitters?
Three Taco Chains to Watch in 2024
Starbucks and Dunkin’: 2023 in Four Data Points
Who Visits CVS and Walgreens?
Fashionably Frugal: Apparel in 2023
Catching Up With Fast Food
The Grocery Sector in 2023: An End-of-Year Recap
3 Mall & Shopping Center Trends for 2024
Bakery Chains Rising To The Top
Placer.ai and Esri Partner to Deliver Geospatial Analytics
Tampa Tourism Trends
Going For The Green: The Changing Dynamics Of Country Clubs
Christmas Day Dining Recap
Major Urban Shopping Districts – Holiday Season Recap
Placer.ai Office Index: December 2023 Recap
Recapping the 2023 Holiday Shopping Season
Placer.ai White Paper Recap – December 2023
7 Retail & Dining Segments to Watch in 2024
Diving Into Holiday Season Favorites
Super Saturday and Christmas Eve Eve: A Winning Combination
3 Budget Grocery Chains Finishing 2023 On a High Note
Making It In America: International Chicken Chains Bring The Heat
Domestic Tourism at a Glance: A Q3 2023 Roundup
Five Pizza Chains On The Rise
Jewelry Brands Taking Advantage of the DTC Opportunity
Secondhand News: Kids' Thrift Shops
Recapping 2023’s Dining M&As
MetLife Stadium Kicks Off Football Season
Placer.ai Office Index: November 2023 Recap
Small Coffee Chains Brewing Big Success
Placer.ai White Paper Recap – November 2023
Thanksgiving Travel 2023 Recap
Checking in With Nike and Lululemon
Black Friday 2023 Retail Recap
Starbucks’ 2023 Holiday Menu & Red Cup Day Performance
Turkey Wednesday 2023
Who Attended the 2023 Pickleball Championship? 
Three Surprising Holiday Shopping Trends
What’s in Store for Ulta Beauty This Holiday Season?
Best Buy and Department Stores: A Holiday Deep Dive
Discount & Dollar Stores: Strength Toward The End of the Year
The State of Off-Price Retail: Discounts Seal The Deal
Placer Mall Index Recap: October 2023
Placer.ai Office Index: October 2023 Recap
Retail Corridors Ahead of the 2023 Holiday Season
California, Here Gap Comes
Checking in With Home Improvement
Getting Into the Glasses Game: Warby Parker Takes Over
Fitness Positioned for a Strong 2023 Finish
White Paper Recap: October 2023
Coffee Giants Brewing Up Business
Popeyes and Burger King Lead the Way
Diving into Yum!
Looking Ahead to Black Friday 2023
Blockbusters Drive Movie Theater Comeback
Crocs and Boot Barn: Shoe-Ins for Success
McDonald’s and Chipotle's Winning Recipe
The State Of Steak: Checking in With Texas Roadhouse
Pleasant Pastimes: Pickleball Potential Proves Potent
Who’s Driving Downtown Manhattan’s Weekend Revival?
Diving into Downtown Manhattan Foot Traffic Trends
Rite Aid: Rightsizing Right
Major League Soccer: Its Die-Hard and Casual Fans
The Anchor Recap: September 2023
Placer.ai Office Index: September 2023 Recap