Bed Bath & Beyond has struggled in recent years against pressure from Amazon and big box chains such as Walmart and Target.
In 2019, the company hired CEO Mark Tritton from Target, who installed a new leadership team and implemented new strategies like store renovations and culling back on the number of product options.
The retailer did enjoy a bump from homebound shoppers redecorating during the pandemic, but its turnaround has stalled in recent months. In January, the company posted a quarterly sales decline even as rivals enjoyed big gains. Bed Bath & Beyond said it was hit hard by supply chain disruptions.The video in the player above is from an earlier report.
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