Midvale, Utah – Beyond Inc. will livecast an investor event later this month to provide an update on its key initiatives – likely including its plans for Bed Bath & Beyond physical stores.
The event will take place Thursday, Oct. 24 from 11:00 a.m. to 2:00 p.m. ET in New York City. The simultaneous livecast will be accessible on Beyond Inc.’s investor relations page under the Events & Presentations tab.
The company has a lot of irons in the fire as it looks to leverage its ownership of the Bed Bath & Beyond, Overstock.com and Zulily platforms:
Bricks on the cheap. During an appearance at the Piper Sandler Growth Frontiers Conference last month, chairman Marcus Lemonis said Beyond Inc. would soon announce partnerships with existing retail companies to bring the Bed Bath & Beyond and Overstock.com nameplates into select physical retail locations. The financial deals would make Beyond Inc. a secured senior stockholder, but the company would not acquire owner ship of the (as-yet-unnamed) retail companies.
Global licensing. In early September, Beyond Inc. licensed Pem America to create a full line of Bed Bath & Beyond brand home textiles for the wholesale market. The company quickly announced it was moving to strike global licenses in other product categories – not only for the Bed Bath brand but also its Overstock, Zulily and other online retail brands.
Services a la carte: As part of its bid to capture the totality of home-related consumer spending, Beyond Inc. has begun offering home loans and product & shipping insurance through 3rd-party partnerships. It is also preparing to launch Beyond Home Improvement, which will provide home improvement loans starting at $5,000, and Beyond Services, which appears to be a directory of local services professionals. Lemonis has also mentioned eventually getting into the mortgage business.
Lemonis recently said he envisions Beyond Inc. as an entity that goes well beyond e-commerce retailing.
“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,” he said at the Piper Sandler conference last month.
Following the Oct. 24 mid-day presentation, Beyond Inc. will release its third quarter results.