Bed Bath & Beyond, Inc.

Boca Raton, Fla. -- West Palm Beach, Fla.-based American Commercial Realty Corp. said it has completed several new leases at the Shoppes at Boca Greens in Boca Raton, Fla.

Cosmetics and beauty retailer Harmon Face Values, a division of Bed Bath & Beyond, will open a new, 7,400-sq.-ft. store, the retailer’s first full store in Florida.

Children’s clothing retailer Denny’s Children’s Wear will relocate and expand to an 8,600-sq.-ft. location within the center.

West Pottsgrove, Pa. -- Plymouth Meeting, Pa.-based Fameco Real Estate, L.P. said that  Carmike Cinemas has signed a lease for an approximately 46,000-sq.-ft. state-of-the-art multi-screen movie theater to be located in the  Upland Square Shopping Center, in West Pottsgrove, Pa.

LAS VEGAS - Reporting from the Consumer Electronics Show, Best Buy said that revenue for the fiscal month of December ended Jan. 1, decreased 1.6% to $8.4 billion. The revenue decline for the five-week period, as compared with $8.5 billion in revenue for the five-week period ended Jan. 2, 2010, was due primarily to a comparable-store sales decline of 4% partially offset by the addition of new stores in the past 12 months and the favorable impact of fluctuations in foreign currency exchange rates.

Less than desirable economic conditions don’t seem to faze Bed Bath & Beyond, which again this week reported another quarter of strong financial results. The company said its earnings per share for the third-quarter period ended Nov. 27 increased 28% to 74 cents, handily exceeding analysts’ consensus estimate of 66 cents. Sales increased roughly 11% to $2.2 billion and same store sales advanced 7% on top of a prior-year comp increase of 7.3%.

Union, N.J. -- Bed Bath & Beyond said Wednesday that profit for the quarter ended Nov. 27 rose 28% to $188.6 million, compared with $151.3 million in the year-ago period.

Results topped analyst expectations.

Revenue rose 11% to $2.2 billion, edging Wall Street expectations of $2.11 billion in revenue. Same-store sales increased 7%.

The age old question of what to get the person who has everything has finally been answered, and a Walmart gift card appears to be the ultimate solution for the perplexed gift-giver. That’s according to the gift card exchange website www.giftcardrescue.com and survey involving 6,000 people who created gift card wish lists on its site since the beginning of the year.

OAKLAND, Calif. - Cost Plus confirmed that it is conducting a merchandising test with Bed Bath & Beyond involving its consumables products in three Bed Bath & Beyond stores located in San Diego, California; Totowa, New Jersey and Elmsford, New York. 

For the third quarter the company reported a same-store sales increased 8.8%. Net loss for the quarter was $8.3 million, a $13.7 million improvement.