Bed Bath & Beyond just reopened a truly massive 92,000-square-foot NYC store with a coffee shop – see inside

the entrance of the store
The entrance of the renovated Bed Bath & Beyond in New York City.

  • Bed Bath & Beyond has reopened its renovated flagship store in New York City.
  • It’s cleaner, brighter, and more modern than the traditional Bed Bath & Beyond store.
  • The 92,000-square-foot space has a SodaStream bar, cafe, interactive spaces, and a mini Casper store.
  • See more stories on Insider’s business page.
Gone are the days of chaotic college dorm and new home shopping at Bed Bath & Beyond.

the entrance of the store
The entrance of the renovated Bed Bath & Beyond in New York City.

As long as you’re in New York City, that is.

a view of the store's exterior from the street
Outside the renovated Bed Bath & Beyond in New York City.

Bed Bath & Beyond has reopened its renovated flagship store in the Chelsea neighborhood near the iconic Flatiron Building, and the store is cleaner and brighter than ever before.

a sign that says "Hello Chelsea" by the entrance of teh store
Inside the renovated Bed Bath & Beyond in New York City.

“We’re proud to invest here and add to New York City’s ‘return to normal’ to serve residents and visitors alike,” Mark Tritton, president and CEO of Bed Bath & Beyond, said in a press release.

A self checkout station in the store with products next to it
A self checkout station in the renovated Bed Bath & Beyond in New York City.

Source: Bed Bath & Beyond

The two-floor store has been under renovation since December 2020, and its doors just reopened on July 22.

neatly arranged products in front of tall windows
Inside the renovated Bed Bath & Beyond in New York City.

This new reopening is just one of 450 Bed Bath & Beyond stores the company plans to renovate over the next three years, a $250 million undertaking.

SodaStream's products displayed on a curving shelf
SodaStream products.

Now let’s take a closer look at the refreshed space.

a display of Our Table products
Our Table products inside the Bed Bath & Beyond in New York City.

The new store follows the company’s goal of becoming a “digital-first, omni-always retailer.”

a sign that says "moving" we can help" above towels
Inside the renovated Bed Bath & Beyond in New York City.

Source: Bed Bath & Beyond

The 92,000-square-foot shop has the typical Bed Bath & Beyond offerings, like kitchen tools, decor, bathroom necessities, and bedding …

A bed with Wild Sage products.
A bed with Wild Sage products.

… all with a new, organized flair.

kitchen and cooking tools arranged neatly onshelves
Products on display inside the renovated Bed Bath & Beyond in New York City.

The Chelsea location features products from both household companies and Bed Bath & Beyond’s private-label brands, which include Wild Sage and Our Table.

Wild Sage products by a sign asking customers to follow the brand on TikTok and Instagram
Wild Sage products.

But there are noticeably fewer travel-related products, which haven’t been selling well at this particular location, Lauren Thomas reported for CNBC.

the hallway towards the back of the store with blue walls
Inside the renovated Bed Bath & Beyond in New York City.

Source: CNBC

The space that would’ve carried travel goods is instead being used for more organization and bedding and bathroom products, which are primarily downstairs.

a mock bathroom setup
The bath section of the store.

Besides more home goods options, the store’s shelves have also been lowered to avoid “shopping paralysis,” according to the company.

the bathroom section with "dry off" and "refresh and renew" products
Inside the renovated Bed Bath & Beyond in New York City.

The lowered shelves allow customers to see to the other end of the massive store, creating a less cluttered shopping experience.

a sign that says "food storage" with tupperware under it
Products on display inside the renovated Bed Bath & Beyond in New York City.

The aisles are also wider, while the product displays are noticeably neater.

One of the walkways in the store
Inside the renovated Bed Bath & Beyond in New York City.

Unlike most Bed Bath & Beyond stores, the interior is bright and clean with the help of large windows, contemporary lighting, and a cohesive design.

A display of Wild Sage products with tall windows
A display of Wild Sage products.

“We know it’s hard to shop at our stores,” Joe Hartsig, chief merchandising officer at Bed Bath & Beyond, said, according to the CNBC report.

Bed Bath & Beyond's product displays of home goods
Our Table products inside the Bed Bath & Beyond in New York City.

Source: CNBC

“We’ve really tried to make it easier to navigate the aisles,” Hartsig continued. “The wider aisles are very clean. The presentation is very tight.”

cafe seating and lights
The cafe.

Source: CNBC

The store is also compatible with the retailer’s app’s “in-store shopping mode,” creating a cross between an in-person and digital shopping experience.

A card noting shopping through the app by bath products on display.
A card noting shopping through the app.

There’s even a “scan and buy” option that allows customers to skip the checkout lines.

a sign that says "scan and buy"
Inside the renovated Bed Bath & Beyond in New York City.

The section near the entry of the store is currently being used to sell college dorm goods, but the products here will change depending on the time of year.

the college section
Inside the renovated Bed Bath & Beyond in New York City’s college section.

Source: CNBC

Feeling parched? Head to the store’s SodaStream Bubble Bar, which has SodaStream demos and inspiration for drinks.

the sodastream bar with a worker
The SodaStream bar.

But if you’d rather have some coffee, the updated Bed Bath and Beyond also has the Cafe 3B …

a full look at the cafe with seating, lights, and the bar
The cafe.

… a coffee shop that serves snacks and La Colombe coffee.

the menu of the cafe with some of the store's countertops
The cafe.

There’s also the “only interactive vacuum display in New York City,” according to Bed Bath & Beyond, as well as a well-lit health and beauty product section…

The beauty and health products on lit up shelves
The health and beauty section.

… which includes travel-friendly items.

the mini essentials bins with small products
Mini essentials bins.

But if you’re looking for bedding instead of cleaning and beauty products, head downstairs to the mini Casper store.

casper products arranged neatly on shelves
The downstairs Casper section.

This space serves as the bedding and mattress company’s “first shop-in-shop,” according to Bed Bath & Beyond.

the upstairs Casper section
Casper products inside the Bed Bath & Beyond in New York City.

And it’s not just Casper: The store also has Dyson and Google nest displays.

The dedicated Google Home space with products and a lit up Google logo
The dedicated Google Home space.

Read the original article on Business Insider

Italy won the Euro 2020 final against England with a penalty shootout. Here’s why penalty kicks are so unfair to goalies.

Following is a transcript of the video.

Narrator: 0.4 seconds. That’s the time it takes you to blink. It’s also about how long goalkeepers have to save a penalty kick or fail trying. And it’s certainly not enough time for a goalie to react and respond. So goalies can’t solely rely on their speed and agility to save a penalty kick. Instead, they have to pretty much guess which direction to go and rely on either luck or game theory.

Game theory is a popular strategy in economics where the outcome of a situation relies more on how well you predict your opponent’s actions than how you perform your own. So since the goalie has no choice but to guess, they’re better off guessing logically than randomly. That’s where economists come in.

Ignacio Palacios-Huerta: I would like to know what you do in the last 80 penalty kicks you faced? Do you have any tendencies? What does this guy do against right-footed kickers versus left-footed kickers?

Narrator: That’s economist Ignacio Palacios-Huerta. He studied over 11,000 penalty kicks, and in 2008 during the UEFA Champions League Final, it paid off, sort of. It was Manchester United against Chelsea. The game came down to a penalty shootout which was the perfect opportunity for Chelsea to put Huerta’s advice into action.

Along with several pointers Huerta had given Chelsea’s goalie a key insight about Manchester United star Cristiano Ronaldo. Ronaldo would almost certainly kick the ball to the right if he paused on the run-up. And the advice worked. Ronaldo indeed paused and indeed kicked the ball to the right. Chelsea’s goalie followed Huerta’s advice and made the save. Ultimately Manchester United won the game, but despite Chelsea’s loss, it was clear that economists and statisticians can help even the odds when it comes to penalty kicks.

Because otherwise, it’s a crap shoot for the goalie. In 2014 for example, FiveThirtyEight calculated that 72.5% of penalties in World Cup history went in. For all competitions worldwide, it’s even higher. And when you take a closer look, it’s no wonder. Human response time takes roughly 1/10 of a second to kick in. The average kicker kicks a 70 mile per hour ball, which means the goalie won’t even register the ball’s direction until it’s about 25 feet away. It will take him another .5 to .7 seconds to react and reach for the ball, but by that point, it’s all over.

Now the goalie can improve the odds if they start to move before the ball is even kicked, but the goalie still has to basically guess a side and just go for it. So if time is the goalie’s enemy, maybe we should just move the penalty kicker further back. But for now, economists are a goalie’s best friend when it comes to stopping penalty kicks, and turns out, Huerta is helping a team in the 2018 World Cup, though he wouldn’t tell us who.

EDITOR’S NOTE: This video was originally published in July 2018.

Read the original article on Business Insider

JPMorgan gets backlash from soccer fans after backing the Super League, Amazon denies supporting it

chelsea european super league
  • On Sunday, 12 top soccer clubs announced plans to join a closed league, called the European Super League.
  • JPMorgan invested $4 billion in the new league, while companies like Amazon denied supporting it.
  • The bank faced backlash from soccer fans on Twitter who were upset about the new league.
  • See more stories on Insider’s business page.

JPMorgan faced the ire of soccer fans on Tuesday after it was revealed that the bank was backing the European Super League to the tune of about $4 billion.

On Sunday, 12 top clubs from England, Italy, and Spain, including Real Madrid, Barcelona, and Manchester United, announced plans to participate in the new, closed league. The announcement sparked a significant backlash in the sports community. Top players, as well as government officials, spoke out against the new league.

And by Tuesday afternoon, several clubs, including Barcelona and Manchester City, reportedly decided to withdraw from the league following criticism. Chelsea fans protested outside the team’s stadium on Tuesday, leading the club to withdraw the same day.

On Twitter, numerous soccer fans called for a boycott of JPMorgan.

“If your bank is @jpmorgan you simply have to move your money elsewhere,” one fan posted on Twitter. “Say NO to the #SuperLeague.”

Fans also called for a boycott of services that would stream the Super League games, pointing fingers at Amazon and ESPN.

“To all footbalfans: if the SuperLeague arrives, refuse to choose the TVchannels they will use: If they cannot make money, JP Morgan and the greedy clubs will soon loose their appetite,” one Twitter user wrote.

Streaming rights to the European Super League could be a major boon to media groups like ESPN and Amazon Prime, likely on par with the NFL.

Amazon responded to claims the company would stream the Super League events and said it “understands and shares the concerns of fans.” The company said it has not been involved in any discussions about the new league.

A primary concern among fans was that the new league meant increased control over the game from American corporations. The Super League would be more reminiscent of US sports leagues than European ones, as the league would no longer regulate teams to lower levels based on their performance.

Some fans said JPMorgan was attempting to turn European soccer into a “money-grabbing” entity like the NFL.

Other fans cracked jokes and made memes about JPMorgan’s decision.

JPMorgan declined to comment about its backing of the league.

The founding members of the project have already filed motions in several courts against any efforts to stop the foundation of the league, according to The New York Times.

Read the original article on Business Insider