Bed Bath & Beyond posts 4Q sales and profit increases
April 14, 2021
Bed Bath & Beyond posted a four percent increase in same-store sales (up six percent in its namesake chain) and earnings of eight cents a shared, compared to a loss of 53 cents last year. Online revenues for the retailer were up 86 percent during the quarter, with sales at the bedbathandbeyond.com up 99 percent.
Recent News
Merger Forces Kroger and Albertsons To Sell More Stores
Kroger and Albertsons are selling more of their stores to address concerns about their merger.
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.
Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next
This new location will allow for quicker, same-day delivery.