Latest news with #Beyond
Yahoo
2 hours ago
- Business
- Yahoo
Bed Bath & Beyond to accept old coupons at new store
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: As The Brand House Collective prepares to open a new Bed Bath & Beyond Home store Aug. 8 in Nashville, Tennessee, the retailer is bringing back an iconic aspect of its history. The retailer will honor the use of old Bed Bath & Beyond coupons at the new location and provide new coupons to customers, per the release. The first 25 customers who make a purchase will receive a 10-inch memory foam queen-size mattress called The Beyond Bed. Dive Insight: Bed Bath & Beyond's brick-and-mortar presence returns next month with an appeal to former customers. "We're proud to reintroduce one of retail's most iconic names with the launch of Bed Bath & Beyond Home, beautifully reimagined for how families gather at home today," Amy Sullivan, CEO of The Brand House Collective, said in a statement. "This isn't just a store, it's a fresh start for a brand that means something special to so many families.' Additionally, The Brand House Collective released an SEC filing on Monday noting that shareholders on Thursday approved to declassify the board of directors and move to an annual directors election going forward. Kirkland's deepened its connection to Beyond Inc. and announced its rebrand as The Brand House Collective in June, aiming for an operational reset after slumping performance. The news follows months of growing its complex financial relationship with the owner of Bed Bath & Beyond, Overstock and BuyBuy Baby. The Brand House Collective is tasked with converting Kirkland's Home stores to Bed Bath & Beyond Home stores, with the company in June stating around 290 Kirkland's locations would serve as the 'foundational footprint for Kirkland's Home, Bed Bath & Beyond Home, and Overstock.' Beyond acquired Kirkland's IP for $5 million (with plans to license it back) in May after beginning a strategic partnership in October when Beyond provided Kirkland's with $17 million in debt financing. While The Brand House collective is focused on retail, Beyond is ingraining itself deeper into the world of digital assets. The company began describing itself as the owner of a 'blockchain asset portfolio' in press releases earlier this year. Over the past few months, Beyond (through two different subsidiaries) has debuted crowdfunded offerings of digital tokens connected to certain IP for the BuyBuy Baby and Overstock banners via the tZero brokerage platform operated by tZero Securities, according to company press releases. In both cases, Beyond met its minimum target offering of $250,000 early, per separate press releases from last week and May. Beyond is also tZero's 'largest equity holder,' according to a letter to tZero's board of directors from Beyond's Executive Chairman Marcus Lemonis on Monday. Among a list of suggestions, Lemonis urged for the company to 'file a shelf registration or consider leveraging Beyond as a public platform using its existing infrastructure,' and also penned a similar letter to tZero's board a week earlier. At the time of publication, tZero did not respond to Retail Dive requests for comment on the letters. Meanwhile, Eric Ebert of Shay Capital (which identifies itself as a 'significant shareholder' in Beyond) published an open letter Wednesday to Lemonis and the Beyond board commending them for the first letter to tZero and pushing for Beyond to ' to unlock the substantial value embedded in these blockchain assets to deliver meaningful returns to loyal shareholders' through its investments in companies such as tZero. Beyond did not immediately respond to a request for comment from Retail Dive. Recommended Reading Foot Locker completes first Kids Foot Locker revamp Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
a day ago
- Business
- Fashion Network
UK, EU and APAC designers among R/Elan CDC eco finalists at October's Lakmē Fashion Week
It's a growing eco event crossing continents (think India, the UK, EU, APAC & Beyond), it's called the R/Elan Circular Design Challenge (RCDC), it's India's biggest sustainability award, and it's just announced its global finalists. From Britain, Maximilian Raynor has been chosen as one of them. In fact, he's been named the UK winner of the R/Elan Circular Design Challenge 2025. We're told Raynor was chosen for its expertise in experimental textiles, 'transforming waste from past collections into new fabrics'. Representing India are Varshne B (CRCLE), Radhesh Agrahari (Golden Feathers), and Rishabh Kumar (Farak). From the EU, there's Martina Boero (Cavia) alongside Jesica Pullo (BIOTICO), the finalist from the APAC & Beyond This means they will all attend the upcoming edition of Lakmē Fashion Week in October, advancing to a grand finale, with a 'coming together on a global stage that celebrates and champions sustainable fashion design talent from around the world'. The winner and runner-up will be presented with a seed fund of INR15L (£13,000) and INR5L (£4,300), respectively, a CDC trophy, and a six-month bespoke mentorship with Orsola De Castro and Estethica. Additionally, the winner will earn a place on the Lakmē Fashion Week x FDCI show line-up for next March. Organised by Reliance Industries -R/Elan in partnership with the United Nations of India and the fashion week, this year's award platform received over 190 applications from more than 10 countries. Rakesh Bali, senior VP and head of marketing at Reliance Industries, said: 'This platform, born in India and now global in its reach, reflects our deep commitment at Reliance to nurturing a new generation of changemakers—designers and entrepreneurs who are not only creative but also conscious. 'Through the R/Elan Circular Design Challenge, we aim to foster innovation rooted in sustainability, waste reduction, and circularity. It's heartening to see such incredible talent from our country take up the mantle of building a greener fashion future.' Jaspreet Chandok, group VP, Reliance Brands, added: 'It's exciting to witness how a platform born in India is now shaping conversations and actions in the global fashion ecosystem. We're proud to be championing this new wave of conscious creativity.'
Fashion Network
a day ago
- Business
- Fashion Network
UK, EU and APAC designers among R/Elan CDC eco finalists at October's Lakmē Fashion Week
It's a growing eco event crossing continents (think India, the UK, EU, APAC & Beyond), it's called the R/Elan Circular Design Challenge (RCDC), it's India's biggest sustainability award, and it's just announced its global finalists. From Britain, Maximilian Raynor has been chosen as one of them. In fact, he's been named the UK winner of the R/Elan Circular Design Challenge 2025. We're told Raynor was chosen for its expertise in experimental textiles, 'transforming waste from past collections into new fabrics'. Representing India are Varshne B (CRCLE), Radhesh Agrahari (Golden Feathers), and Rishabh Kumar (Farak). From the EU, there's Martina Boero (Cavia) alongside Jesica Pullo (BIOTICO), the finalist from the APAC & Beyond This means they will all attend the upcoming edition of Lakmē Fashion Week in October, advancing to a grand finale, with a 'coming together on a global stage that celebrates and champions sustainable fashion design talent from around the world'. The winner and runner-up will be presented with a seed fund of INR15L (£13,000) and INR5L (£4,300), respectively, a CDC trophy, and a six-month bespoke mentorship with Orsola De Castro and Estethica. Additionally, the winner will earn a place on the Lakmē Fashion Week x FDCI show line-up for next March. Organised by Reliance Industries -R/Elan in partnership with the United Nations of India and the fashion week, this year's award platform received over 190 applications from more than 10 countries. Rakesh Bali, senior VP and head of marketing at Reliance Industries, said: 'This platform, born in India and now global in its reach, reflects our deep commitment at Reliance to nurturing a new generation of changemakers—designers and entrepreneurs who are not only creative but also conscious. 'Through the R/Elan Circular Design Challenge, we aim to foster innovation rooted in sustainability, waste reduction, and circularity. It's heartening to see such incredible talent from our country take up the mantle of building a greener fashion future.' Jaspreet Chandok, group VP, Reliance Brands, added: 'It's exciting to witness how a platform born in India is now shaping conversations and actions in the global fashion ecosystem. We're proud to be championing this new wave of conscious creativity.'
Business Wire
a day ago
- Business
- Business Wire
Beyond, Inc. Reports Second Quarter Results with Sequential Revenue Growth and Significant Profitability Gains
MURRAY, Utah--(BUSINESS WIRE)--Beyond, Inc. (NYSE:BYON), owner of Bed Bath & Beyond, Overstock, buybuy BABY, and a blockchain asset portfolio, today reported financial results for the second quarter ended June 30, 2025. We continue to be laser focused on strengthening our core e-commerce retail business while actively unlocking value in our blockchain asset portfolio. Share Adrianne Lee, President and Chief Financial Officer of Beyond, commented, 'Our second quarter results reflect substantial progress in stabilizing our business and delivering improved profitability. This gives me confidence in our ability to move from transformational efforts into executing growth initiatives. We remain disciplined on deploying capital, delivering efficiencies, identifying growth opportunities and monetizing assets -- laying the groundwork for sustainable value creation.' Marcus Lemonis, Executive Chairman and Principal Executive Officer, added, 'We continue to be laser focused on strengthening our core e-commerce retail business while actively unlocking value in our blockchain asset portfolio. With the newly signed into law GENIUS Act creating long-awaited regulatory clarity and consumer protections for digital assets, we believe the proprietary technology and innovative practices both tZERO and GrainChain bring to the business ecosystem are significant.' Lemonis concluded, 'Our strategic priorities remain unchanged, we continue to enhance our digital experience for our value-seeking customers while unifying our tech stack across our family of brands. We are excited about our first small-format Bed Bath & Beyond Home store in Nashville, Tennessee. It's a smart, scalable model that puts our iconic brands back in the heart of communities.' Second Quarter 2025 Results • Net revenue of $282 million, a decrease of 29.1% YoY* • Gross profit of $67 million, or 23.7% of net revenue, a 360 bps improvement YoY • Sales & Marketing expense of $38 million, or 13.5% of net revenue, a 320 bps improvement YoY • Technology and G&A expense of $37 million vs $46 million in 2024, a $9 million improvement YoY • Net loss of $19 million • Diluted net loss per share of $0.34; Adjusted diluted net loss per share (non-GAAP) of $0.22 • Adjusted EBITDA (non-GAAP) of ($8) million, a $28 million improvement YoY • Cash, cash equivalents, restricted cash, and inventory totaled $156 million at the end of the second quarter * YoY represents a year-over-year comparison of the second quarter of 2025 against the second quarter of 2024. Expand Earnings Webcast and Replay Information Beyond will host a webcast to discuss its second quarter 2025 financial results and its strategic vision, key initiatives, and provide business updates on Tuesday, July 29, 2025, at 8:30 a.m. ET. To access the live webcast, visit Questions may be emailed in advance of the call to ir@ A replay of the webcast will be available at shortly after the live event has ended. On July 28, 2025, in connection with the release of financial results, the Company posted an updated presentation in the 'Events & Presentation' portion of its investor relations website at About Beyond Beyond, Inc. (NYSE:BYON), based in Murray, Utah, is an ecommerce-focused retailer with an affinity model that owns or has ownership interests in various retail brands, offering a comprehensive array of products and services that enable its customers to enhance everyday life through quality, style, and value. The Company currently owns Bed Bath & Beyond, Overstock, buybuy BABY, and other related brands and websites as well as a blockchain asset portfolio. The Company regularly posts information and updates on its Newsroom and Investor Relations pages on its website, This press release and webcast to discuss our financial results and strategy may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact, including but not limited to statements regarding our quarterly earnings reporting, forecasts of and plans for our growth, profitability, business strategy, unlocking value in our blockchain asset portfolio, improved conversion, marketing, customer retention, planned expense reductions, value and monetization of our intellectual property, future strategic ventures, global loyalty program, improved financial performance, increased shareholder value, legal and regulatory developments, and the timing of any of the foregoing. You should not place undue reliance on any forward-looking statements, which speak only as of the date they were made. We undertake no obligation to update any forward-looking statements as a result of any new information, future developments, or otherwise. These forward-looking statements are inherently difficult to predict. Actual results could differ materially for a variety of known and unknown risks, uncertainties, and other important factors including but not limited to, difficulties we may have with our fulfillment partners, supply chain, access to products, shipping costs, insurance, competition, macroeconomic changes, attraction/retention of employees, search engine optimization results, and/or payment processors. Other risks and uncertainties include, among others, risks arising from changes to our organizational structure, management, workforce or compensation structure, impacts from changing our company name, impacts from our use of the Overstock, buybuy BABY, and Bed Bath & Beyond brands or the platforms on which they are offered, our ability to generate positive cash flow, impacts from our evolving business practices, including strategic ventures, and expanded product and service offerings, impacts from directly sourced products, any problems with our infrastructure, including re-location or third-party maintenance of our computer and communication hardware, cyberattacks, data loss or data breaches affecting us, adverse tax, regulatory or legal developments, any restrictions on tracking technologies, any failure to effectively utilize technological advancements or protect our intellectual property, negative economic consequences of global conflict, politics including the presidential election, and whether our partnership with Pelion Venture Partners will achieve its objectives. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 25, 2025, in our Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on April 29, 2025, and in our subsequent filings with the SEC. The Forms 10-K, 10-Q, and our subsequent filings with the SEC identify important factors that could cause our actual results to differ materially from those contained in or contemplated by our projections, estimates and other forward-looking statements. Beyond, Inc. Consolidated Statements of Operations (Unaudited) (in thousands, except per share data) Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 Net revenue $ 282,251 $ 398,104 $ 513,999 $ 780,385 Cost of goods sold 215,282 317,936 388,898 625,858 Gross profit 66,969 80,168 125,101 154,527 Operating expenses Sales and marketing 38,209 66,290 69,499 134,196 Technology 23,221 27,342 49,939 56,923 General and administrative 14,088 18,531 28,402 38,985 Customer service and merchant fees 9,331 15,006 18,688 28,949 Total operating expenses 84,849 127,169 166,528 259,053 Operating loss (17,880 ) (47,001 ) (41,427 ) (104,526 ) Interest income, net 889 2,309 1,651 5,026 Other income (expense), net (2,035 ) 2,231 (18,968 ) (16,560 ) Loss before income taxes (19,026 ) (42,461 ) (58,744 ) (116,060 ) Provision for income taxes 287 117 481 446 Consolidated net loss (19,313 ) (42,578 ) (59,225 ) (116,506 ) Less: Net loss attributable to noncontrolling interests — — — — Net loss attributable to stockholders of Beyond, Inc. $ (19,313 ) $ (42,578 ) $ (59,225 ) $ (116,506 ) Net loss per share of common stock: Diluted $ (0.34 ) $ (0.93 ) $ (1.07 ) $ (2.55 ) Weighted average shares of common stock outstanding: Basic 57,503 45,742 55,593 45,665 Diluted 57,503 45,742 55,593 45,665 Expand Beyond, Inc. Consolidated Statements of Cash Flows (Unaudited) (in thousands) Six months ended June 30, 2025 2024 Cash flows from operating activities: Consolidated net loss $ (59,225 ) $ (116,506 ) Adjustments to reconcile consolidated net loss to net cash used in operating activities: Depreciation and amortization 8,924 8,355 Non-cash operating lease cost 1,096 1,491 Stock-based compensation to employees and directors 4,480 10,035 Gain on sale of intangible assets (5,790 ) (10,250 ) Loss from equity method securities 23,649 26,206 Other non-cash adjustments 1,545 (85 ) Changes in operating assets and liabilities: Accounts receivable, net (2,500 ) 726 Inventories 3,136 941 Prepaids and other current assets (1,748 ) (182 ) Other long-term assets, net (554 ) 132 Accounts payable 29,368 (14,897 ) Accrued liabilities (28,477 ) (12,537 ) Unearned revenue (5,433 ) (1,791 ) Operating lease liabilities (888 ) (1,575 ) Other long-term liabilities (2,675 ) (565 ) Net cash used in operating activities (35,092 ) (110,502 ) Cash flows from investing activities: Purchase of equity securities (8,000 ) — Disbursement for notes receivable (5,232 ) — Purchase of intangible assets (5,214 ) (6,160 ) Expenditures for property and equipment (2,994 ) (7,951 ) Proceeds from the sale of intangible assets 1,250 10,250 Other investing activities, net 2 553 Net cash used in investing activities (20,188 ) (3,308 ) Cash flows from financing activities: Proceeds from sale of common stock, net of offering costs 24,222 — Payments on short-term debt (6,500 ) — Repurchase of shares (1,311 ) — Payments of taxes withheld upon vesting of employee stock awards (539 ) (3,250 ) Other financing activities, net 846 653 Net cash provided by (used in) financing activities 16,718 (2,597 ) Net decrease in cash, cash equivalents, and restricted cash (38,562 ) (116,407 ) Cash, cash equivalents, and restricted cash, beginning of period 186,093 302,749 Cash, cash equivalents, and restricted cash, end of period $ 147,531 $ 186,342 Expand Supplemental Operational Data We measure our business using operational metrics, in addition to the financial metrics shown above and the non-GAAP financial measures explained below. We believe these metrics provide investors with additional information regarding our financial results and provide key performance indicators to track our progress. These indicators include changes in customer order patterns and the mix of products purchased by our customers. Active customers represent the total number of unique customers who have made at least one purchase during the prior twelve-month period. This metric captures both the inflow of new customers and the outflow of existing customers who have not made a purchase during the prior twelve-month period. Last twelve months (LTM) net revenue per active customer represents total net revenue in a twelve-month period divided by the total number of active customers for the same twelve-month period. Orders delivered represents the total number of orders delivered in any given period, including orders that may eventually be returned. As we ship a large volume of packages through multiple carriers, actual delivery dates may not always be available, and in those circumstances, we estimate delivery dates based on historical data. Average order value is defined as total net revenue in any given period divided by the total number of orders delivered in that period. Orders per active customer is defined as orders delivered in a twelve-month period divided by active customers for the same twelve-month period. The following table provides our key operating metrics: (in thousands, except for LTM net revenue per active customer, average order value and orders per active customer) Non-GAAP Financial Measures and Reconciliations We are providing certain non-GAAP financial measures in this release and related earnings conference call, including adjusted diluted net loss per share, adjusted EBITDA, and free cash flow. We use these non-GAAP measures internally in analyzing our financial results and we believe they are useful to investors, as a supplement to GAAP measures, in evaluating our ongoing operational performance and, in the case of free cash flow, our liquidity position, in the same manner as our management and board of directors. We have provided reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures in this earnings release. These non-GAAP financial measures should be used in addition to and in conjunction with the results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Adjusted diluted net loss per share is a non-GAAP financial measure that is calculated as net income (net loss) less the income or losses recognized from our equity method securities, net of related tax. We believe that this adjustment to our net income (net loss) before calculating per share amounts for the current period presented provides a useful comparison between our operating results from period to period. Adjusted EBITDA is a non-GAAP financial measure that is calculated as net income (net loss) before depreciation and amortization, stock-based compensation, interest and other income (expense), provision (benefit) for income taxes, and special items. We believe the exclusion of certain benefits and expenses in calculating adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis. Exclusion of items in the non-GAAP presentation should not be construed as an inference that these items are unusual, infrequent or non-recurring. Free cash flow is a non-GAAP financial measure that is calculated as net cash provided by or used in operating activities reduced by expenditures for property and equipment. We believe free cash flow is a useful measure to evaluate the cash impact of the operations of the business including purchases of property and equipment which are a necessary component of our ongoing operations. The following tables reflects the reconciliation of adjusted diluted net loss per share to diluted net loss per share (in thousands, except per share data): The following table reflects the reconciliation of adjusted EBITDA to net loss (in thousands): 1 Inclusive of certain severance and lease termination costs. The following table reflects the reconciliation of free cash flow to net cash used in operating activities (in thousands):
Fashion Network
a day ago
- Business
- Fashion Network
UK, EU and APAC designers among R/Elan CDC eco finalists at October's Lakmē Fashion Week
It's a growing eco event crossing continents (think India, the UK, EU, APAC & Beyond), it's called the R/Elan Circular Design Challenge (RCDC), it's India's biggest sustainability award, and it's just announced its global finalists. From Britain, Maximilian Raynor has been chosen as one of them. In fact, he's been named the UK winner of the R/Elan Circular Design Challenge 2025. We're told Raynor was chosen for its expertise in experimental textiles, 'transforming waste from past collections into new fabrics'. Representing India are Varshne B (CRCLE), Radhesh Agrahari (Golden Feathers), and Rishabh Kumar (Farak). From the EU, there's Martina Boero (Cavia) alongside Jesica Pullo (BIOTICO), the finalist from the APAC & Beyond This means they will all attend the upcoming edition of Lakmē Fashion Week in October, advancing to a grand finale, with a 'coming together on a global stage that celebrates and champions sustainable fashion design talent from around the world'. The winner and runner-up will be presented with a seed fund of INR15L (£13,000) and INR5L (£4,300), respectively, a CDC trophy, and a six-month bespoke mentorship with Orsola De Castro and Estethica. Additionally, the winner will earn a place on the Lakmē Fashion Week x FDCI show line-up for next March. Organised by Reliance Industries -R/Elan in partnership with the United Nations of India and the fashion week, this year's award platform received over 190 applications from more than 10 countries. Rakesh Bali, senior VP and head of marketing at Reliance Industries, said: 'This platform, born in India and now global in its reach, reflects our deep commitment at Reliance to nurturing a new generation of changemakers—designers and entrepreneurs who are not only creative but also conscious. 'Through the R/Elan Circular Design Challenge, we aim to foster innovation rooted in sustainability, waste reduction, and circularity. It's heartening to see such incredible talent from our country take up the mantle of building a greener fashion future.' Jaspreet Chandok, group VP, Reliance Brands, added: 'It's exciting to witness how a platform born in India is now shaping conversations and actions in the global fashion ecosystem. We're proud to be championing this new wave of conscious creativity.'
