Bed Bath & Beyond Inc. Names Eugene A. Castagna - Chief Operating Officer, Susan E. Lattmann - Chief Financial Officer, Renews

  Bed Bath & Beyond Inc. Names Eugene A. Castagna - Chief Operating Officer,
Susan E. Lattmann - Chief Financial Officer, Renews Employment Agreements With
                                 Co-Chairmen

PR Newswire

UNION, N.J., Feb. 26, 2014

UNION, N.J., Feb. 26, 2014 /PRNewswire/ --Bed Bath & Beyond Inc. (NASDAQ:
BBBY) today announced the promotion of Eugene A. Castagna, previously the
Company's Chief Financial Officer and Treasurer, to the role of Chief
Operating Officer. Susan E. Lattmann, formerly the Company's Vice President –
Finance, has been promoted to Chief Financial Officer and Treasurer.

Mr. Castagna, 48, has been with the Company since November 1994 and has served
as CFO and Treasurer since 2006. Previously, he served as Assistant Treasurer
from 2002 to 2006 and as Vice President – Finance from 2000 to 2006. In
addition, Mr. Castagna's duties have included several key operational
functions, including primary responsibility for the Company's integration and
growth of its baby product business since the Company's acquisition of buybuy
BABY in 2007, and helping lead the integration efforts following the Company's
2012 acquisition of Cost Plus World Market.

Ms. Lattmann, 46, has been with the Company since August 1996. She has been
Vice President – Finance since 2006, and previously served as Vice President -
Controller from 2001 to 2006 and Controller from 2000 to 2001. Prior to
joining the Company, Ms. Lattmann, a certified public accountant, spent six
years with the firm of Arthur Andersen.

Steven Temares, Chief Executive Officer and Member of the Company's Board of
Directors said, "These promotions further strengthen our deep and experienced
management team as we execute our long-term strategic plans. Over the last
several years, Gene's role has expanded beyond his financial responsibilities
to include several key operational and planning areas, and Sue has made
valuable contributions to all aspects of our financial and strategic
processes. Today's announcement has positioned both Gene and Sue to assume
even greater roles in helping lead and organize our Company for continued
growth and success."

The Company also announced today the extension of its employment agreements
with its Co-Chairmen, Warren Eisenberg and Leonard Feinstein, for a period of
three years, to February 25, 2017. The agreements have also been amended to
limit the executives' severance rights in the event of a change-in-control,
eliminating what is commonly referred to as a "modified single trigger" for
those payments and replacing them with a "double trigger."

Bed Bath & Beyond Inc. and subsidiaries (the "Company") operates a chain of
retail stores under the names of Bed Bath & Beyond, World Market, Cost Plus
World Market, Cost Plus, a combination of the names Christmas Tree Shops or
andThat!, Harmon, Harmon Face Values and buybuy BABY. 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. Domestics
merchandise includes categories such as bed linens and related items, bath
items and kitchen textiles. Home furnishings include categories such as
kitchen and tabletop items, fine tabletop, basic housewares, general home
furnishings, consumables and certain juvenile products. Additionally, the
Company includes Linen Holdings, a provider of a variety of textile products,
amenities and other goods to institutional customers in the hospitality,
cruise line, food service, healthcare and other industries. Shares of Bed
Bath & Beyond Inc. 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.

This press release may contain forward-looking statements. Many of these
forward-looking statements can be identified by use of words such as may,
will, expect, anticipate, approximate, estimate, assume, continue, model,
project, plan, and similar words and phrases. The Company's actual results
and future financial condition may differ materially from those expressed in
any such forward-looking statements as a result of many factors. Such factors
include, without limitation: general economic conditions including the housing
market, a challenging overall macroeconomic environment and related changes in
the retailing environment, consumer preferences and spending habits;
demographics and other macroeconomic factors that may impact the level of
spending for the types of merchandise sold by the Company; civil disturbances
and terrorist acts; unusual weather patterns and natural disasters;
competition from existing and potential competitors; competition from other
channels of distribution; pricing pressures; the ability to attract and retain
qualified employees in all areas of the organization; the cost of labor,
merchandise and other costs and expenses; the ability to find suitable
locations at acceptable occupancy costs and other terms to support the
Company's expansion program; uncertainty in financial markets; disruptions to
the Company's information technology systems including but not limited to
security breaches of the Company's systems protecting consumer and employee
information; reputational risk arising from the acts of third parties; changes
to statutory, regulatory and legal requirements; new, or developments in
existing, litigation, claims or assessments; changes to, or new, tax laws or
interpretation of existing tax laws; changes to, or new, accounting standards
including, without limitation, changes to lease accounting standards; and the
integration of acquired businesses. The Company does not undertake any
obligation to update its forward-looking statements.

SOURCE Bed Bath & Beyond Inc.

Contact: Kenneth C. Frankel, (908) 855-4554; or Eugene A. Castagna, (908)
855-4110
 
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