Bed Bath & Beyond Inc. [BBBY] & (RED) to Ring The NASDAQ Stock Market Closing Bell
ADVISORY, June 5, 2013 (GLOBE NEWSWIRE) --
Bed Bath & Beyond Inc. [BBBY] & (RED) will visit the NASDAQ MarketSite in Times Square. Bringing the fight against AIDS to Bed Bath & Beyond stores across the country and also available online, every BED BATH & BEYOND $25 (RED) gift card purchased triggers a $1 donation to the Global Fund to help its work on the ground in Africa.
In honor of the occasion, Gene Castagna, Chief Financial Officer and Treasurer of Bed Bath & Beyond Inc., and Zach Overton, Chief Operating Officer of (RED), will ring the Closing Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Thursday, June 6, 2013 – 3:45 p.m. to 4:00 p.m. ET
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About Bed Bath & Beyond Inc. [BBBY]:
Founded in 1971, Bed Bath & Beyond Inc. and subsidiaries operates a chain of retail stores under the names Bed Bath & Beyond in the United States and Canada, as well as, World Market, Cost Plus World Market, World Market Stores, Christmas Tree Shops, and That!, Harmon, Harmon Face Values and buybuy BABY in the United States. The Company is also a partner in a joint venture, which operates retail stores in Mexico under the name Bed Bath & Beyond. Through its retail stores the Company sells a wide assortment of domestics merchandise and home furnishings. The Company's over 1,400 stores principally range in size from 15,000 to 50,000 square feet, with some stores exceeding 80,000 square feet. Additionally, the Company includes Linen Holdings, a business-to-business distributor of a variety of textile products, amenities and other goods to customers in the hospitality, cruise line, food service, healthcare, and other industries. The Company's objective is to be the customer's first choice for products and services in the categories offered, in the markets in which the Company operates. The Company's strategy is to achieve this objective through excellent customer service, an extensive breadth and depth of assortment, everyday low prices and introduction of new merchandise offerings, supported by the continuous development and improvement of its infrastructure. Shares of Bed Bath & Beyond are traded on NASDAQ under the symbol "BBBY" and are included in the Standard and Poor's 500 and Global 1200 Indices and the NASDAQ-100 Index. The Company is counted among the Fortune 500 and the Forbes 2000.
(RED) was founded in 2006 by Bono and Bobby Shriver to engage businesses and people in the fight against AIDS.
(RED) partners with the world's most iconic brands who contribute up to 50% of profits from (RED) branded goods and services to the Global Fund. (RED) Proud Partners include: Apple, Starbucks, Converse, The Coca-Cola Company, Beats by Dr. Dre, Belvedere, Bugaboo, Claro, SAP, Telcel and American Express (UK only). (RED) Special Edition partners include: Shazam, Girl Skateboards, Mophie, FEED, Nanda Home, Bottletop, Tourneau, Fatboy USA, HEAD and TOUS.
To date, (RED) has generated close to $210 million for the Global Fund to fight AIDS, Tuberculosis and Malaria, to support HIV/AIDS grants in Ghana, Lesotho, Rwanda, South Africa, Swaziland and Zambia. 100 percent of that money goes to work on the ground – no overhead is taken. Global Fund grants that (RED) supports have impacted more than 14 million people with prevention, treatment, counseling, HIV testing and care services.
(RED) has led several high-profile initiatives to raise awareness and funds for HIV/AIDS related issues including (PRODUCT)RED, THE AIDS FREE GENERATION IS DUE IN 2015 campaign, the (RED)RUSH TO ZERO campaign and most recently, the DANCE (RED), SAVE LIVES campaign.
(RED) is a division of The ONE Campaign. Learn more at www.joinred.com.
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