Wednesday, March 27, 2019

Bed Bath & Beyond fires back at activists

Retail Dive
Bed Bath & Beyond expanded its response later on Tuesday, criticizing the activist firms in a lengthy statement emailed to Retail Dive for failing to accept its offer to work with them to improve the business and participate in its "Board refreshment program," which has already entailed the appointment of "three new independent directors with relevant experience." The retailer fired back at claims of its financial distress by noting that it is "ahead of plan" on its long-term financial goals and current efforts are delivering results.   . . . more