Update: Bed Bath & Beyond has updated its COVID-19 response. By Monday morning, March 23, 2020, the company will temporarily close all its retail banner stores across the U.S. and Canada, other than its buybuy Baby and Harmon Face Values stores, subject to state and local regulations.
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A range of retailers across channels are responding to the coronavirus outbreak with moves to temporarily close their stores, reduce store hours and other consumer and employee oriented initiatives.
Long-time Cost Plus World Market leader Barry Feld has left the Bed Bath & Beyond-owned retail banner to become CEO of 99 Cents Only Stores. Feld also will serve as a 99 Cents Only board member.
Bed Bath & Beyond has named Joe Hartsig as evp/chief merchandising officer of Bed Bath & Beyond and president of Harmon Stores, effective immediately.
To simplify operations and cut costs, Bed Bath & Beyond has kicked off a strategic restructuring program that will include outsourcing and the elimination of 500 positions.
Bed Bath & Beyond has revealed its fiscal 2020 capital allocation strategy, including an estimated $1 billion spend balanced across capital return to shareholders, debt reduction, and reinvestment in the company’s core business operations.
As it acknowledged mistakes in inventory management and a failure to drive traffic, Bed Bath & Beyond released its preliminary, unaudited financial performance data for the first two months of the fiscal 2019 fourth quarter, which included a 5.4% decline in comparable sales and a 13% decline in adjusted comps.
Bed Bath & Beyond has unveiled its new wedding registry platform called “Your Registry, Your Way.” The single-source wedding registry offering brings together traditional product essentials, gift experiences and cash funds all in one place.
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.
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 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.
Bed Bath & Beyond is making an extensive restructure of its leadership team, including the departure of six senior members. The move reflects the priorities of new president and CEO, Mark Tritton, who will launch his new vision for the company in early 2020.
Herman Miller, a global designer and furniture manufacturer and retailer, has named Debbie Propst as president, Herman Miller retail. Propst joins Herman Miller from Bed Bath & Beyond, where she served most recently as president of One Kings Lane, as well as the chief brand officer of Bed Bath & Beyond.
Bed Bath & Beyond is launching its first-ever national television and radio advertising campaign to highlight the retailer’s Black Friday savings event, which is offering its lowest prices of the season and for the first time ever, a 25% off entire purchase in-store only coupon.
For its three-day Black Friday promotional event, beginning November 28, Bed Bath & Beyond will, for the first time, offer customers a 25% off entire purchase in-store only coupon.
Bed Bath & Beyond has received Executive Women of New Jersey’s (EWNJ) 2019 Corporate Board Gender Diversity Award in recognition of the company’s impactful level of gender inclusion by having three or more women on its board of directors.
I’ve been known to drop a sports metaphor in this space from time to time (the former sportswriter in me breaking loose). So, please indulge me if the hiring of Mark Tritton as Bed Bath & Beyond’s president and CEO had me thinking of all the Major League Baseball teams currently interviewing for a new manager.
As it continues development of private labels, Bed Bath & Beyond has launched its first children’s furnishings own brand, Marmalade.
Calphalon has launched the Calphalon ActiveSense blender, which is said to precisely blend on its own with the help of five preset food settings for commonly blended foods and drinks including smoothies, salsas, milk shakes, juices, and frozen beverages.