BED-BATH STORE PLANS TO OPEN IN VALENCIA.Byline: Stacy Brown Daily News Staff Writer Bed Bath & Beyond Inc., a nationwide cosmetic and home-furnishing chain, plans to open a store in Valencia next year, adding to the growth in jobs in the Santa Clarita Valley The Santa Clarita Valley is the valley of the Santa Clara River in Southern California. It stretches through Los Angeles County and Ventura County. Its main population center is the city of Santa Clarita. The valley was part of the 48,612-acre (19,672. . Ronald Curwin, chief financial officer and treasurer of the New Jersey-based company, said the city's demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. and buying habits make it an ideal site for a store. Officials have been touring potential sites and hope to select a location in the near future. And with earnings at an all-time high - net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight rose by more than 30 percent during the third quarter of 1997 - the chain's Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, store will be part of a major expansion into Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , Florida and Illinois. ``We are opening super-stores in about 40 different locations next year,'' Curwin said. The bed and bath store is just the latest to announce plans to move to the area. Earlier this year, Mimi's Cafe officials said they would open a restaurant locally and Princess Cruises Princess Cruises is an American cruise line, based out of Santa Clarita, California, that operates cruise ships also shares the same building with Cunard Line headquarters. It is one of the many cruise lines operated by the Carnival Corporation. announced it was moving its headquarters to Valencia, bringing several hundred jobs. Bed Bath & Beyond also is enjoying a financial boom. Net earnings during the third quarter ending Nov. 29 were $18.9 million compared with $13.9 million compared with the same period in 1996, Curwin said. Net sales for the third quarter were $281 million compared with $214.8 million for the corresponding quarter of the prior year. Bed Bath & Beyond opened 33 new super-stores and expanded three stores last year, and Curwin said chainwide store space now totals approximately 5,767,000 square feet, an increase of approximately 1,420,000 square feet occupied by 108 stores in 25 states operating a year ago. States entered for the first time during fiscal 1997 were Kentucky, Minnesota, Oregon and Wisconsin. |
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