Retail News

Bed Bath & Beyond CEO says turnaround will ‘take time’

TheStreet 02/12/2020

Bed Bath & Beyond same-store sales fell 5.4 percent in the fourth quarter. “We are experiencing short-term pain in our efforts to stabilize the business, including the pressures of store traffic trends coupled with our own executional challenges,” said the chain’s new CEO Mark Tritton. “However, we did achieve a notable positive shift in sales in our digital channels during this period, with growth of approximately 20 percent. I believe we can solidify this growth, while also addressing the broader stabilization of our business.”

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!