Midvale, Utah: Later this month, Beyond Inc. will broadcast a live investor event to give an update on its major projects, most likely including what it has planned for Bed Bath & Beyond physical shops.
The event will happen in New York City on Thursday, October 24 from 11:00 a.m. to 2:00 p.m. ET. You can watch the same webcast on Beyond Inc.’s investor relations page by going to the Events & Presentations tab.
The business is working on several projects in an attempt to capitalize on its ownership of the Zulily, Overstock.com, and Bed Bath & Beyond platforms:
Cheap bricks. Chairman Marcus Lemonis stated that Beyond Inc. will soon announce agreements with current retail organizations to bring the Bed Bath & Beyond and Overstock.com nameplates into select physical retail locations during an appearance at the Piper Sandler Growth Frontiers Conference last month. Beyond Inc. would become a secured senior stockholder as a result of the financial transactions, but it would not become the owner of the (as-yet-unnamed) retail firms.
worldwide licensing. Early in September, Beyond Inc. granted Pem America a license to produce a full range of home textiles under the Bed Bath & Beyond name for the wholesale market. The business promptly declared that it will be pursuing worldwide licensing for several product categories, including not just the Bed Bath name but also its online retail brands Overstock, Zulily, and others.
Services a la carte: Through third-party agreements, Beyond Inc. is now providing house loans and product & shipping insurance as part of its attempt to seize all customer expenditure related to homes. Additionally, it is getting ready to introduce Beyond Services, which seems to be a directory of nearby service providers, and Beyond Home remodeling, which will offer home remodeling loans beginning at $5,000. Lemonis has also pondered ultimately going into the mortgage sector.
According to previous remarks made by Lemonis, he sees Beyond Inc. as much more than just an online retailer.
At the Piper Sandler conference last month, he stated, “I see a holding company that becomes more of a data and a fintech company using a much lower cost of acquisition to monetize that consumer in a different way after you build an affinity with them.”
Beyond Inc. will present its third quarter earnings after midday on October 24.
