Bed Bath & Beyond

Articles on Bed Bath & Beyond

  1. Corporate Strategy

What’s Up With The Plethora of CEO Changes At Retail?

The Wall Street Journal has a story in which it notes that “on Monday, Gap Inc. replaced Chief Executive Sonia Syngal after more than two years on the job. On Tuesday, Dollar General Corp. said its longtime CEO would step down. Those announcements follow recent exits of the CEOs at companies such as Bed Bath […]
2 min read
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  1. Corporate Strategy

Bed Bath & Beyond Promotes Two Executives to Top Finance Positions

One day after announcing the departure of CEO Mark Tritton, Bed Bath & Beyond has named Laura Crossen as its new SVP of Finance and Chief Accounting Officer, and Susie Kim as SVP of Treasury and Investor Relations. Both appointments are effective immediately. Crossen, who has been with the retailer since 2001, will lead the […]
2 min read
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  1. Channel: Specialty & Other

Bed Bath & Beyond Inc. appoints new Chief Accounting Officer and Head of Treasury

UNION, N.J., June 30, 2022 /PRNewswire/ — Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced that it has named Laura Crossen as Senior Vice President of Finance and Chief Accounting Officer, and Susie A. Kim as Senior Vice President of Treasury and Investor Relations, effective…
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  1. Corporate Strategy

Bed Bath & Beyond CEO Mark Tritton Out as Sales Slow

Mark Tritton, who took over as CEO of Bed Bath & Beyond in late 2019 to lead a transformation amid declining store traffic, resigned from his position on Wednesday. Bed Bath & Beyond Board Director Sue Gove, who is taking over as interim CEO, said in a news release that the leadership change occurred because […]
2 min read
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  1. Corporate Strategy

Bed Bath & Beyond makes leadership changes

UNION, N.J. — Bed Bath & Beyond Inc. has named Sue Gove, an independent director on the company’s board and chair of its strategy committee, the company’s interim chief executive officer. She replaces Mark Tritton, who has left his role as president, chief executive officer and  board member, the company said Wednesday. The move came […]
3 min read
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  1. Corporate Strategy

Bed Bath & Beyond CEO Exits as Q1 Sales Drop 25%

Challenges continue for home retailer Bed Bath & Beyond. CEO and board member Mark Tritton is leaving, a move that coincided with the release of quarterly earnings showing a 25% decline in sales, from $1.95 billion in Q1 2021 to $1.46 billion in Q2 2022, which ended May 28, 2022. Sue Gove, an Independent Director […]
2 min read
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  1. Corporate Strategy

Bed Bath & Beyond Ousts CEO After Sales Plummet

Bed Bath & Beyond has replaced its CEO, the retailer announced Wednesday (June 29) in the wake of another disappointing earnings report. Sue Gove, an independent director on the company’s board and chair of its strategy committee, has been named interim chief executive of the household furnishings provider, replacing Mark Tritton, who is stepping down […]
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  1. Data & Insights

Home Goods Pure Play Winners and Losers

Wayfair’s pandemic gains waning Wayfair remains the dominant pure player in the home category, with over two times the market share of its closest competitor, Bed Bath & Beyond. However, the retailer’s market share has dipped since the height of the pandemic, from over 30% in April 2020 to about 20% in April 2022.The online […]
2 min read
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  1. Channel: Specialty & Other

Bed Bath & Beyond Debuts New BNPL Option and Rewards Program Across All Three Brands

Bed Bath & Beyond Inc. has introduced a new BNPL option, Welcome Pay, and an updated Welcome Rewards loyalty program, which will eventually replace the existing Beyond+ membership, across its Bed Bath & Beyond, buybuy BABY and Harmon brands. The launch of a common rewards program follows months of speculation that the retailer was considering […]
2 min read
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  1. Media & Marketing

Exclusive: New ‘Reverse Influencer Marketplace’ Demonstrates Shifting Brand-Creator Dynamic

Influencer marketing platform Aspire has launched a new “reverse influencer marketplace” that puts creators in the driver’s seat, allowing them to reach out directly to brands and submit content for marketing campaigns. As the realm of influencer marketing evolves, creators are becoming much more sophisticated in their business practices and looking for ways to take […]
3 min read
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  1. Data & Insights

A Deep Dive into Amazon’s Home Goods Performance

Amazon continues to see YoY growth in GMV Amid an inflationary environment and furniture supply chain issues, many generalist retailers have been experiencing declining sales in the home goods category. Target, for example, announced it was discounting an abundance of current home inventory and forecasting for more limited growth in home earlier this month. However, […]
2 min read
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  1. Data & Insights

A Tale of Two Retailers: Big Lots and HomeGoods’ retail market dominance

Key Takeaways: Big Lots moved strategically to position itself as an “Essential Retailer” at the onset of the pandemic, allowing it to claim over 50% of market share. Big Lots changed its inventory to include more consumable items and therefore established itself as a place where shoppers can find both furniture as well as consumables […]
3 min read
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  1. Channel: Grocery

Kroger Reports First Quarter 2022 Results and Raises Full-Year Guidance

"Kroger achieved strong first quarter results as we successfully executed on our strategy of Leading with Fresh and Accelerating with Digital. We are incredibly proud of our associates who continue to put the customer at the center of everything we do. Our team is doing an outstanding job managing costs in an inflationary environment, which is allowing us to continue to invest in our associates while providing our customers the freshest food at affordable prices when and where they need it. We are delivering everyday value through personalized experiences, trusted Our Brands products, data-driven promotions, and seamless e-commerce solutions. Looking ahead, we are well positioned to continue delivering for our customers, investing in our associates, and driving sustainable returns for shareholders."
8 min read
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  1. Technology & Innovation

Dollar General to Trial 100% Self-Checkout Stores at 200 Locations

Discount variety chain Dollar General is looking to self-checkout as a way to “leverage and reinforce our position as a low-cost operator,” COO Jeff Owen told analysts on the company’s Q1 earnings call on May 26, 2022. Dollar General already has self-checkout kiosks in 8,000 of its 18,000 stores and plans to increase that number […]
2 min read
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  1. Shopper & Customer

Top 10 Trends Driving Retail Growth

There are a lot of people making a good living forecasting what’s going to happen in retail. Things like ecommerce will soon eclipse brick-and-mortar, retail is facing an apocalypse or delivery to home will become the norm in grocery shopping. None of these is true, but it doesn’t stop people from predicting them, and others […]
4 min read
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  1. Department & Category

RICE 2022: Albertson’s Provides Sneak Peek at Plans for Upcoming Marketplace

Third-party marketplaces have emerged as one of the biggest growth opportunities for retailers this year, with companies from Macy’s and Bed Bath & Beyond to Giant Food and Michaels launching marketplaces (or announcing plans to do so) in the last six months alone. Albertson’s will soon join that mix as well, and the company’s Senior […]
5 min read
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  1. Trends & External Forces

SeraLabs garners distribution for its beauty and health lines

LOS ANGELES — The SeraLabs Inc. announced distribution deals that are putting some of its innovative skin care products on the shelves of some of the nation’s largest retail chains. SeraLabs said its Seratopical Revolution skin care line will be sold at select Walmart stores, as well as CVS, and Bed Bath & Beyond stores. […]
2 min read
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Three Trends Driving Vitamins and Supplements

Why Amazon, Attributes, and Label Claims Matter According to the Nutrition Business Journal’s Supplement Business Report, supplements showed staying power in 2021 even as shoppers returned to more traditional shopping behavior. The beginning of the pandemic spurred historic 14.5% growth in 2020, a rate that was destined to level off once the world moved away […]
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Reports: Walmart Reportedly Lays Off 200 Corporate Executives to Position Itself for the Future

Walmart reportedly is laying off some corporate employees to “better position the company for a strong future,” according media reports. Walmart did not confirm the number of job cuts, but the layoffs will reportedly impact about 200 employees across the merchandising, global technology and real estate teams, people familiar with the matter told The Wall […]
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Beyond Meat cuts revenue outlook, says it’s trimming workforce

KEY POINTS Beyond Meat lowered its 2022 revenue forecast and announced it will trim its workforce by 4% The company cited inflation, rising interest rates and recession concerns for the revised outlook. The company’s net sales also dropped 1.6% to $147 million and its net loss widened. Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, […]
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Ahold Delhaize appoints first chief sustainability officer

Dive Brief: Ahold Delhaize announced on Wednesday it has named Jan Ernst de Groot as its first chief sustainability officer. In the newly created role, de Groot will head up Ahold Delhaize’s Environmental Social Governance (ESG) work. De Groot will also retain his role as chief legal officer for the grocery company. Ahold Delhaize noted that de Groot has a “track record of leading transformative sustainability programs at companies and supervisory […]
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