Friday, January 10, 2020

Will ‘five pillars’ provide the foundation Bed Bath & Beyond needs to succeed?

Mark Tritton, president and CEO of Bed Bath & Beyond, called the company’s Q3 results “unsatisfactory” and pledged to “move quickly to course-correct and drive the business forward.”

On the company’s earnings call with analysts yesterday, Mr. Tritton outlined a preliminary plan to create “a modern, durable model” for the business.

The good news, he said, is that consumer research shows that 79 percent of customers have a favorable view of BBBY. The chain faces challenges, however, connecting with Gen-Z and Millennial consumers.. . . more