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Bed
Bath & Beyond Inc. Added to
KLD's Domini 400 Social Index
BOSTON,
MA - December 28, 2004 - KLD Research & Analytics, Inc.,
an independent investment research firm, announced today
that Bed Bath & Beyond Inc (BBBY) has been added to KLD's
Domini 400 SocialSM
Index (DS 400 Index). Bed Bath & Beyond is headquartered
in Union, New Jersey.
Bed
Bath & Beyond sells domestic products and home furnishings
through its Bed Bath & Beyond, Harmon, and Christmas Tree
Shops stores.
Reasons KLD added the company
to the Domini 400 Social Index
- Bed Bath & Beyond
promotes primarily from within. The company provides
formal training for all sales associates through the
Bed Bath & Beyond University program. The company gives
managers autonomy relating to merchandising and operations.
Historically, turnover at the store manager level has
been low.
- The company has a
number of innovative customer service programs, such
as requiring all managers to spend time regularly assisting
customers and allowing most items to be returned without
a sales receipt.
- Non-employee members
of the company's board of directors received a total
compensation package averaging $10,000 each. This is
a notably low figure for companies followed by KLD.
About the KLD Family of Indexes
KLD’s
family of social, environmental and sustainability indexes
include: the Domini 400 SocialSM
Index (DS 400 Index), launched in 1990, is the established
benchmark for measuring the impact of social screening
on financial performance; the KLD Catholic Values 400SM
Index, launched in 1998, is modeled on KLD's DS 400 Index;
the KLD Broad Market SocialSM
Index (KLD BMS Index), launched in 2001, is the screened
subset of the Russell 3000® Index; the
KLD Large Cap SocialSM
Index (KLD LCS Index), launched in 2001, is the screened
subset of the Russell 1000® Index; the
KLD NASDAQ Social Index (KLD NS Index), launched in 2002,
is modeled on the NASDAQ Composite Index; the KLD Select
SocialSM Index, launched
in 2004, is the first US index maximizing sustainability
factors.
About KLD Research & Analytics,
Inc.
KLD Research & Analytics, Inc. is an independent investment
research firm providing investment management tools used
by professionals to serve clients requiring investment
strategies based on social and environmental responsibility.
KLD products and services, including Socrates (a web-based,
company research tool) are used for screening, compliance
and asset gathering.
For more information about KLD or its family of Indexes,
please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270) or via
e-mail (kagredo@kld.com).
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