Thanks for Visiting!

Register for free to get the full story.

Sign Up
Already have a account? Log In

Placer Bytes: Bed Bath & Beyond's Strong Q4, JCPenney Misses Payment

Jocelyn Bauer
April 21, 2020
Placer Bytes: Bed Bath & Beyond's Strong Q4, JCPenney Misses Payment

Better than Expected for Bed Bath & Beyond 

Earlier this year, Bed Bath & Beyond landed on our list as a brand to watch in 2020, and despite nationwide store closures and an unknown 2020 outlook, the retailer recently posted better than expected Q4 results. The brand is certainly outperforming, but will the positive outlook continue as uncertainty looms over the brick and mortar industry?   

When we look at year-over-year Q4 traffic for the retailer from 2018 to 2019, we see an interesting pattern appear. Q4 visit growth for the brand actually declined by 12.3%.  Also, when we compare the baseline average for the week of December 17, 2018, we see visits spike to an impressive 138% above the baseline average, compared to 2019 when visits were only 86.8% above the baseline. 

Yet, even with declining in-store traffic, Bed Bath & Beyond was able to outperform and beat analyst expectations. The retailer has clearly taken steps to optimize and focus on better maximizing each visit, which will certainly come in handy during the pandemic and after. And, Bed Bath & Beyond seems to be confident in its strategy as it shifts “non-essential” budget to initiatives that will be able to sustain its business for the coming months. 

Still feeling good about our earlier prediction.

JCPenney Misses Payment 

Already struggling JCPenney has continued to face obstacles throughout the coronavirus pandemic, as the retailer recently missed a  $12 million debt payment, although a spokesperson for the brand said it's taking advantage of its 30-day grace period to weigh its option before moving forward. 

JCPenney has not been able to escape the effects of the retail apocalypse and was forced to close multiple stores in 2019. And expectedly, the closing of stores led to lower foot traffic for the brand over the last year.  Yet, despite the closures, the brand still saw 0.4% year-over-year growth from 2018 to 2019. And, prior to the pandemic hitting, JCPenney actually saw 1.3% average increase for the months of January and February from 2019 to 2020. While these numbers are not exactly inspiring, they do suggest that the brand still has a cache among its audience.

These numbers also provide an interesting perspective on the current situation. While JCPenney is clearly in a difficult spot, there were signs that a turnaround was en route and that the closures could help the brand optimize its retail footprint. However, the crisis throws new questions into the mix. The biggest being whether that positive momentum will be enough in the face of coronavirus and the impending economic downturn. 

Will Bed Bath & Beyond continue to outperform? Can JC Penney weather the storm?  

Check back in with the blog for all the latest updates. 

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 Free
Oops! Something went wrong while submitting the form.
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 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 Office Index: September 2023 Recap
Placer Mall Index Recap: September 2023
September White Paper Recap
The Consumer Habits of College Students
JCPenney: Rightsizing and Revitalizing
Pent-Up Demand Ahead of October Sales Events
4 Strategies Retailers are Using to Drive Traffic to Their Venues
5 Key Regional Grocery Players Impressing in 2023
Upscale Kitchenware Trending Up
Costco Finds More Room for Growth
Four C-Store Chains Making an A-Grade
National Parks + Outdoor Summer Activities
Diving Into Darden: Summer 2023 Update
The Summer Event Effect
Messi: Massive in Miami
Looking Back on Back to School 2023
The Anchor Recap: August 2023 Office Index: August 2023 Recap Mall Index: August 2023 Recap White Paper Recap: August 2023
Starbucks Pumpkin Spice Latte Strikes Again
Big Scoop: We All Scream For Ice Cream
Sports Away: Lululemon & Nike’s Momentum Continues
Summer Visits Heat Up For Recreation and Outdoor Gear Chains
No CSS overwrite - July 2023 Office Index Recap
Staging - August 2023 Mall Indec
Mid-Atlantic Grocery Deep Dive
Experiential Chains Heating Up This Summer
Petco Goes Big by Going Small
Ulta Beauty: Leading the Discretionary Pack
Discount and Dollar Chains Continue to Thrive
Summer of Sports: DICK’s Sporting Goods and Hibbett Sports
Off-Price: Succeeding Into Summer
The Anchor Recap: July 2023
Superstores Maintaining Pandemic Gains Amidst Economic Headwinds
2023: Home Improvement at the Halfway Point
July 2023 Office Index Recap Mall Index: July 2023 Recap
The Taylor Swift Visit Lift
Southwestern Grocery Dive
July 2023 White Paper Recap: Halfway Point Review & Quarterly Index
Yum! Brands: Driving Dining Visits
Slurpees and Summer Movies Stimulate Consumer Foot Traffic
Cool Beans: Summer Coffee Update
Checking In on Back to School 2023
Crocs and New Balance Tip The Scales
Burger Bliss: Shake Shack and In-N-Out Stacking Visits
Chipotle & McDonald's Continue to Reign Supreme
Vibenomics and Partner to Enhance Retail Media In-Store Measurement
California Grocers Here We Come!
Marriott’s Different Audiences
Bonchon and Kura Sushi Thrive in the Fast-Casual Scene
A Shoe In: Footwear Climbs to the Top
Cheers! Raising a Glass to Beverage Retail Office Index: June 2023 Recap Mall Index June 2023 Recap – A Turn of the Tide and a Dive into Open-Air Lifestyle Centers
Local Kitchens: Redefining the Restaurant
Unlocking Urban Insights: The Value in Manhattan’s Employees
Ohio State Parks On The Rise
How is Inflation Impacting the High-Income Shoppers?
Five Fast-Growing Dining Chains
What To Expect From Prime Day and July Sales Events in 2023
The State Of Fashion: How Are Apparel Retailers Faring in 2023?
2023’s Latest Dining Success Story: GEN Korean BBQ House
The NBA Finals: A Location Intelligence Perspective
Moving the Market: The Impact of Domestic Migration on Housing Costs
Post-Pandemic Museum Update
The Darden-est Things
The Enduring Demand for Urban and Suburban Retail