Bed Bath & Beyond

Articles on Bed Bath & Beyond

  1. Channel: Specialty & Other

Bed Bath & Beyond Defaults On Its Loans

The Wall Street Journal reports that “Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer has defaulted on its credit lines. “The home-goods chain said Thursday it received a notice of default from JPMorgan Chase & Co. on Wednesday. The banks are calling for […]
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  1. Trends & External Forces

Walmart-owned Sam’s Club plans to open about 30 new stores over next five years

[[ Getty Images Walmart-owned Sam’s Club on Thursday said it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. The warehouse club’s next store is expected to open in Florida in 2024. Sam’s Club also plans to open five fulfillment and distribution centers this year, with the […]
4 min read
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  1. Corporate Finance

Bed Bath & Beyond looks for capital infusion, buyer ahead of likely bankruptcy filing

[[ Getty Images Bed Bath & Beyond has been in discussions with prospective buyers and lenders as it works to keep its business afloat during a likely bankruptcy filing, according to people familiar with the matter. The retailer is in the midst a sale process in hopes of finding a buyer that would keep the […]
3 min read
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  1. Stores & Formats

Bed, Bath & Beyond considers sale of Buy Buy Baby, other assets

As part of contingencies for a potential bankruptcy, Bed Bath & Beyond is reportedly speaking to private equity firm Sycamore Partners about selling off some of its more valuable assets, including the Buy Buy Baby chain of stores. While the home goods retailer’s third-quarter sales fell 34 percent, Buy Buy Baby’s decline has not been […]
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  1. Channel: Specialty & Other

CNBC: Bed Bath & Beyond Eliminates Chief Transformation Officer Role, Plans Further Job Cuts

Bed Bath & Beyond reportedly plans more layoffs and will eliminate the Chief Transformation Officer role currently held by Anu Gupta, according to an internal memo from CEO Sue Gove seen by CNBC. The cuts will impact the workforce “across our corporate, supply chain and store portfolio,” but Gove didn’t specify the total number of […]
2 min read
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  1. Associates & Employees

Bed Bath & Beyond lays off more workers, cuts chief transformation officer role

Bed Bath & Beyond is laying off workers “across our corporate, supply chain and store portfolio,” according to an email sent to employees by CEO Sue Gove. The retailer said it was eliminating the role of chief transformation officer held by Anu Gupta.
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  1. Associates & Employees

Bed Bath & Beyond lays off more employees as it struggles to survive

[[ Getty Images Bed Bath & Beyond has begun its latest round of layoffs, as it fights to stay in business, according to a memo sent to employees Tuesday that was obtained by CNBC. The home goods retailer told employees that it is eliminating the chief transformation officer role, which is held by Anu Gupta, […]
3 min read
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  1. Channel: Specialty & Other

Bed Bath & Beyond sales fall 33% in Q3 as it seeks strategic alternatives

Dive Brief: Bed Bath & Beyond on Tuesday reported third-quarter net sales fell 33% year over year to $1.3 billion, while comparable sales declined 32%. By banner, Bed Bath & Beyond comps fell 34% and BuyBuy Baby comps fell “in the low-twenties percent range,” according to a company press release. Operating loss swelled by more than 423% […]
2 min read
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  1. Corporate Finance

Bed Bath & Beyond reports wider-than-expected loss as possible bankruptcy looms

In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A man is seen at a Bed Bath & Beyond store in New York, on Jan. 5, 2023. Ziyu Julian Zhu Getty Images Bed Bath & Beyond on Tuesday posted wider quarterly losses than expected as its chief executive acknowledged that the struggling retailer’s turnaround […]
2 min read
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  1. Channel: Specialty & Other

Bed Bath & Beyond isn’t sure it can keep the lights on

Bed Bath & Beyond said there is “substantial doubt about the company’s ability to continue” as the retailer has seen further declines in customer traffic and sales. CEO Sue Grove said Bed Bath & Beyond is committed to its transformation plan and expects to make continued progress in the coming quarters.
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  1. Data & Insights

Bed Bath & Beyond Faces Potential Bankruptcy Filing

[[“value”:” After years of declining sales, Bed Bath & Beyond is facing an existential crisis. WSJ’s Suzanne Kapner explains why the company has fallen on hard times and looks forward to what’s next for the veteran retailer. Photo Illustration: Laura Kammermann/WSJ Bed Bath & Beyond Inc. said Thursday that there is doubt about its ability […]
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  1. Media & Marketing

Meet the TRI Q&A: Rick Watson

Get to know RETHINK Retail’s Top Retail Influencers through the “Meet the TRI” Q&A series! Dive in to learn about a member of the thought leader community and follow their work and insights across our content and their social channels. Hi, I’m Rick Watson, CEO of RMW Commerce Consulting. Connect with me on LinkedIn! “Tell […]
4 min read
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  1. Department: Nonfood

2022 Retail Ranking: Black Friday and Cyber Monday

Key takeaways Almost 1-in-4 shoppers spent the most at Amazon during Cyber-5 Home goods and furnishings retailers lost top wallet share lapping difficult pandemic comps Dollar stores and warehouse clubs gained top wallet share as consumers traded down on inflation Earnest Analytics First Choice Retailer Methodology The Earnest First Choice Retailer Rankings are based on […]
6 min read
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  1. Shopper & Customer

Key Learnings From A Mismanaged Retail Brand

In June of 2011, a retail sea change occurred. Storied brand, J.C. Penney, hired Ron Johnson, who led the success of Apple’s brick-and-mortar stores. Mr. Johnson decided that one of Penney’s problems was that the brand was damaged due to its consistent focus on deals and low prices. Without any Penney core customer insight, the […]
5 min read
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  1. Corporate Strategy

Bed Bath & Beyond Continues to Rebuild C-Suite with Marketing Chief Appointment

Bed Bath & Beyond has appointed Bart Sichel as EVP, Chief Marketing and Customer Officer as the troubled retailer rebuilds its executive leadership following a number of departures in 2022, including former SVP of Marketing James Reath. Sichel will report to BB&B President and CEO Sue Gove, who recently secured the leadership role permanently following […]
2 min read
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  1. Shopper & Customer

Bed Bath & Beyond taps Burlington vet as chief marketing, customer officer

Dive Brief: Former Burlington Stores Chief Marketing Officer Bart Sichel will take the job of chief marketing and customer officer at Bed Bath & Beyond, the home goods retailer said on Thursday. Sichel will oversee marketing and customer strategies for Bed Bath & Beyond, BuyBuy Baby and Harmon, reporting directly to CEO Sue Gove, according to a […]
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  1. Shopper & Customer

5 Ways Luxury Brands Can Retain Vital Customers

The recession clock is ticking, and it’s gets louder as it ticks faster. JP Morgan Chase CEO Jamie Dimon told CNBC that a recession is all but inevitable. Others may argue that the recession has already hit, based on the traditional definition as two consecutive quarters of negative GDP growth, which occurred earlier this year. […]
8 min read
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  1. Channel: Specialty & Other

Bed Bath & Beyond’s chief customer and technology officer to leave retailer

Rafeh Masood, chief customer and technology officer at Bed Bath & Beyond, has resigned, effective Dec. 2. Mr. Massood’s departure marks another significant change in the retailer’s c-suite that saw CEO Mark Tritton ousted in June and CFO Gustavo Arnal die by suicide in September. Interim CEO Sue Gove last week was given the job […]
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  1. Data & Insights

Bed, Bath & Beyond Reviewing Possible Data Breach

Bed Bath & Beyond said in a Securities & Exchange Commission filing on Friday that a third party improperly accessed its data this month through a phishing scam by accessing the hard drive and certain shared drives of one of its employees. The big-box retailer said in its filing that it was reviewing the data […]
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Millennials Dominated Holiday Shopping Spend — Here’s What it Means for 2023

In a year when holiday spending on gifts, travel and entertainment was down 1 percent from the year prior, one age group bucked that trend in a huge way. Millennials, perhaps aided by increased incomes due to “The Great Reshuffle,” told us it would spend a whopping 11 percent more than it did in 2021, […]
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Retail Traffic Trends #112: Consumer Habits 2023

While some trends come and go, there were a few trends that have stayed with consumers throughout the year.   As online shopping continues to be a popular choice for consumers, physical stores can offer shoppers perks that e-commerce can’t replicate.    This week we look at trends to increase foot traffic and customer loyalty. […]
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