Bed Bath & Beyond will continue to evaluate ways to cut costs as it reviews the company’s portfolio of retail banners. But the retailer will continue to invest in its core business including store operations, omnichannel functions and integration, and advertising to continue serving the loyal core customer base and to “broaden the tent” particularly to draw younger shoppers, Mary Winston, the company’s interim CEO, said at the corporate annual meeting.
Bed Bath & Beyond Will Invest To Transform Company
Temares Out At Bed Bath & Beyond, New CEO Search Begins
After continued pressure from an activist investor group, Bed Bath & Beyond has announced the departure of long-time CEO Steven Temares.