Bed Bath & Beyond suffered a rough third quarter, with earnings dipping into the red, but in his first conference call as the company’s CEO, Mark Tritton provided his view of how the company would turn things around, including an expansion of in-store pickup and the launch of a new vendor collaboration program.
Ross Stores said that Bernie Brautigan, president, merchandising of Ross Dress for Less since 2016, is leaving the company. Senior merchant executives under his areas of responsibility will now report to CEO Barbara Rentler.
CEO Mark Tritton has taken the reins at Bed Bath & Beyond, only recently restructuring the retailer’s executive leadership, in time to report that third quarter results slipped into the red.
As it continues to try new initiatives in its grocery store format, Walmart has opened a slicker, quicker version of Neighborhood Market designed to get shoppers through the store more efficiently while also providing a range of services and department updates.
Although it made moves to improve its performance, including the establishment of a group purchasing organization with Kroger and record online sales for Black Friday in the U.S. and United Kingdom, Walgreens Boots Alliance said sales for the first quarter were soft.
Sally Beauty has launched a new brand campaign that touts its expertise in hair color, hair care and nail care. The relaunch is underscored by the brand’s new motto, “Unleash Your PROtential,” a call to action communicating to customers that Sally Beauty is committed to empowering beauty enthusiasts to achieve salon-quality results from the comforts of home.
Lowe’s has appointed Marisa Thalberg as evp/chief brand and marketing officer, effective February 10. Thalberg joins the company most recently from Taco Bell where she served as global chief brand officer.
In an expansion of its mid-century modern product offering, Wayfair has launched the Foundstone collection of price-attainable furniture, décor and more, going above and beyond its usual group offerings to include housewares.
As it reported tumbling financial results for the third quarter ended November 30, 2019, Pier 1 also informed investors that it could close as many as 450 of its total 942 stores.
As part of its real estate reevaluation, Bed Bath & Beyond has completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital, generating more than $250 million in net proceeds.
As more retailers and related companies build out their internal marketing functions, Walmart has launched its Advertising Partners program to expand advertiser access to Sponsored Products campaigns, said Lex Josephs, vp/sales and media partnerships, Walmart Media Group.
Discount grocer Save A Lot said it has reached an agreement with a substantial majority of its lenders to recapitalize the business and deleverage its balance sheet. An infusion of new capital will support the company’s operations and the acceleration of its business transformation plan.
A new advertising campaign from Bed Bath & Beyond is taking a multifaceted approach to positioning itself as the home retailer who can help address an acute lifestyle issue: getting enough sleep.