LONDON, February 20, 2013 /PRNewswire/ --
The economic condition since the beginning of the year 2013 is way better than what it was in 2012. The housing market is strengthening and job reports are also positive - as a matter of fact, these two things are highly correlated. With improved economic scenario, more jobs, and new houses, customers would definitely flock to home furnishing stores. This would be welcomed by companies like Bed Bath & Beyond Inc. (NASDAQ: BBBY) and Pier 1 Imports Inc. (NYSE: PIR) which are both aggressively pursuing share buyback. StockCall has released full comprehensive research on Bed Bath & Beyond and Pier 1 Imports and these free technical analyses can be downloaded by signing up at
Bed Bath & Beyond's share buyback
Bed Bath & Beyond Inc. Q3 results showed that net sales increased by approximately 15.3% as compared to the same period last year. With an increase in cash, the company has also authorized a new $2.5 billion share repurchase program; one reason being that the company is confident about their long-term growth potential. This also indicates that company must be finding the stock price lucrative. Free technical analysis on Bed Bath & Beyond Inc. available by signing up at
As part of their expansion strategy the company is opening new stores and has also acquired Cost Plus and Linen Holdings. Cost Plus provides wide range of products and caters to retail customers. On the other hand, Linen Holding is a B2B distributor and their clientele includes cruise line, food service, healthcare and other industries.
The company has also started focusing on e-commerce, as they have negligible online presence. With such aggressive steps and positive environment for the industry the buyback will help create an interesting environment for investors.
Share repurchase program at Pier 1 Imports Inc
Pier 1 Imports Q3 results showed that the comparable-store sales increased 7.9% versus last year's increase of 7.0%. They had also announced their third $100 million share repurchase program, which reflects the company's confidence in future growth in its business. Register today and access the free research on Pier 1 Imports Inc. at
According to Alex W. Smith, President and CEO, performance at new stores is very strong. They are also confident about the long-term opportunity for growth in both e-commerce business as well as in stores.
There are two important factors which can contribute to the further growth in the Company - (1) Their substantial store base and (2) yet-to-be utilized medium of e-commerce. Even though the company is conservative about the e-commerce space, there is some movement. The company has launched a mobile site in September 2012. The CEO aims online sales to amount to 10% of total revenues by fiscal year 2016. At the same time, they are also looking to make new some items which will be available exclusively online.
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