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☆ Investor JAT Capital sends scathing letter to new Bed Bath & Beyond board over CEO ouster, vacancy
▼ + stars: | 2023-11-17 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Investment firm JAT Capital sent a scathing letter to the board of the new Bed Bath & Beyond on Friday saying it has refused to answer questions from shareholders and is engaging in what the investment firm called unprecedented "poor behavior." Earlier this month, JAT called on Beyond to fire Johnson. In its letter, dated Friday, JAT questioned why Johnson's board seat was removed after his ouster and said it was an attempt to weaken "shareholders ability to have a say." JAT called on Beyond's board to answer its questions, once and for all, and for everyone from vendors to sell-side analysts to demand more transparency. The actions cited below which the Board has taken in the last 60 days appear to be to the detriment of the company and shareholders," the letter states.

Persons: Jonathan Johnson's, JAT's, John Thaler, JAT, Johnson, Jonathan, Marcus Lemonis, Marcus Lemonis wasn't, Allison Abraham, Marcus, Dave Nielsen Organizations: JAT Capital, Inc, JAT Locations: Bath, CNBC's

☆ Bed Bath & Beyond just removed the CEO who led its transition from Overstock.com
▼ + stars: | 2023-11-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Bed Bath & Beyond CEO Jonathan Johnson is stepping down from his role, the company said Monday. AdvertisementAdvertisementBed Bath & Beyond, formerly known as Overstock.com, has a new CEO as well as a new name. Johnson led the company's name change and has said that he looked at Bed Bath & Beyond's name "jealously for several years." Overstock said in June that it would change its name after acquiring the rights to Bed Bath & Beyond's name, trademarks, websites, mobile apps, and other elements of branding. Bed Bath & Beyond formerly was a chain of stores that sold home goods around the US.

Persons: Jonathan Johnson, Johnson, —, David Nielsen, Jonathan, Allison Abraham, John Thaler, Thaler, Marcus Lemonis, Overstock Organizations: Service, CNBC, Inc, Board, JAT, Reuters, Camping Locations: New York

☆ The new Bed Bath & Beyond's CEO is out, days after activist firm called for his ouster
▼ + stars: | 2023-11-06 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

The new Bed Bath & Beyond announced Monday its CEO, Jonathan Johnson, is immediately stepping down from his position just days after activist hedge fund JAT Capital called for his ouster. He led the company through its acquisition of Bed Bath & Beyond earlier this year and its corporate name change to Beyond Inc. , which took effect Monday. David Nielsen, Beyond's president and a former Payless ShoeSource executive, has taken over as interim CEO while the board undergoes a search for a permanent candidate. Beyond said Johnson's departure "follows mutual agreement" between him and the board to transition the company to new leadership, but the move came on suddenly. The company and Johnson didn't immediately return a request for comment seeking additional information.

Persons: Jonathan Johnson, Johnson, JAT, Marcus Lemonis, David Nielsen, Jonathan, Allison Abraham, Beyond's, Johnson didn't, Patrick Byrne Organizations: Bed, Inc, CNBC PRO Locations: JAT, CNBC's, New York, Russian

☆ Online retailer Beyond Inc's chief steps down amid activist investor pressure
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

Companies Beyond Inc FollowNov 6 (Reuters) - Internet retailer Beyond Inc (BYON.N), formerly known as Overstock.com, on Monday said its chief excecutive, Jonathan Johnson, has stepped down amid activist investor pressure. Hedge fund JAT Capital, which owns a 9.6% stake in Beyond Inc, last week urged the board to replace CEO Johnson, arguing that he is to blame for the company's poor financial performance. JAT Capital did not immediately respond to a Reuters request for comment on the change. Overstock.com rebranded its website under the Bed Bath & Beyond name after it acquired intellectual property from the bankrupt company in June. Reporting by Juby Babu in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Johnson, Johnson, Dave Nielsen, John Thaler, Marcus Lemonis, Beyond's, Juby Babu, Maju Samuel Organizations: Beyond Inc, JAT, Bed, Thomson Locations: Bengaluru

AUSTIN, Texas (AP) — Newly acquitted of impeachment charges, Texas Attorney General Ken Paxton is back on the job and getting back to the usual. Political Cartoons View All 1163 ImagesEven the very act of impeachment in Texas could get a second look after Republican Lt. Gov. On the other side are Republicans in the Texas House, where Paxton was overwhelmingly impeached and suspended from office in May. “The Ken Paxton Victory is sooo BIG. ___Find AP’s full coverage of the impeachment of Texas Attorney General Ken Paxton at: https://apnews.com/hub/ken-paxton

Persons: —, Ken Paxton, Biden, Donald Trump, Tucker Carlson, Paxton, Gov, Dan Patrick, “, Dade Phelan, ”, Carlson, “ I've, ” Paxton, George P, Bush, George W, Trump, Ken Paxton Victory, ” Trump, Sen, Angela Paxton, Nate Paul, Nathan Johnson, Johnson, ” Johnson, Paul, Dan Cogdell, we’ll, Jake Bleiberg, paxton Organizations: Fox News, Sunday, Republican, GOP, Texas Capitol, Trump, Texas House, Senate, FBI, Republicans, Democratic, Associated Locations: AUSTIN, Texas, U.S, San Antonio, Glen Ridge , New Jersey

☆ Merch, vinyl, hotels and credit cards: Taylor Swift's Eras Tour helped a bunch of companies – but hurt others
▼ + stars: | 2023-08-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Taylor Swift's Eras Tour had a significant impact on several public companies this summer. "Knowing how our guests can't get enough of Taylor Swift, we proactively secured an exclusive vinyl offering that Swifties bought in droves." "In July, Taylor Swift launched her Eras Tour merch shop with us experiencing unprecedented volume sales and site visitors on launch day, and we were ready for it." "Folks aren't buying as much patio furniture when they're spending hundreds or thousands of dollars to go to Taylor Swift. Rolling Stones, U2, Madonna, Prince, and this Taylor Swift performance was at a whole different level.

Persons: Taylor, Taylor Swift, Swifties, Christina Hennington, — Harvey Finkelstein, — Boyd Muir, — Leslie Hale, Raymond Martz, Jon Bortz, Wee Ee Cheong, Thomson Leighton, James Conroy, It's, Jonathan Johnson, Tom Schmitt Organizations: Service, AlphaSense, Merchandising, Universal Music, Lodging, Overseas Bank, Bot, Akamai, Forward Locations: Wall, Silicon, Chicago

☆ Customers have money to spend but are being more careful with it: Overstock CEO Jonathan Johnson
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCustomers have money to spend but are being more careful with it: Overstock CEO Jonathan JohnsonJonathan Johnson, Overstock CEO, joins 'Last Call' to talk Overstock's acquisition of Bed Bath and Beyond, the state of the consumer and more.

Persons: Jonathan Johnson Jonathan Johnson Organizations: Bed Locations: Bed Bath

☆ As the new Bed Bath & Beyond launches, here's what shoppers can expect
▼ + stars: | 2023-08-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

"So the customer can expect a breadth and depth of products they haven't seen before." The strategy behind the rebrandOverstock acquired Bed Bath & Beyond because of the retailer's strong branding and cult-like following in the hopes it could revive its top and bottom lines. "We're self aware enough to know that nobody, not even my children, would put 'registered at Overstock.com' on their wedding announcement, baby announcements, but they will put 'registered at Bed Bath & Beyond' on both those announcements. But he noted Overstock's launch of Bed Bath & Beyond in Canada has so far been positive. "The Canadian customer is eager to buy from Bed Bath & Beyond.

Persons: we've, Jonathan Johnson, Overstock, Johnson Organizations: CNBC, Bed, didn't Locations: Canada, U.S

☆ Overstock.com CEO says he was jealous of Bed Bath & Beyond's name for years — now, his company is taking its name
▼ + stars: | 2023-08-01 | by ( Grace Eliza Goodwin | Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Overstock.com's CEO told NBC News he was always jealous of Bed Bath & Beyond's iconic name. Overstock.com, led by CEO Jonathan Johnson, first bought Bed Bath & Beyond's digital assets in June after it went bankrupt earlier this year. With that purchase, Overstock has adopted Bed Bath & Beyond's brand image in place of its own — as of Tuesday, Overstock.com is out, and BedBathandBeyond.com is back in the game. "We've looked at Bed Bath and Beyond jealously for several years," Johnson told NBC News. The relaunched website allows customers to use up to $50 of their rewards points from old Bed Bath & Beyond accounts.

Persons: Overstock, Overstock.com, he's, Jonathan Johnson, We've, Johnson, Patrick Byrne's Organizations: NBC News, Service, Bed, NBC Locations: Wall, Silicon, Russian

☆ Bed Bath & Beyond is back from the dead
▼ + stars: | 2023-08-01 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

Brought back to lifeJohnson promised newness blended with familiarity for Bed Bath & Beyond customers in the latest digital-only version of the retailer. “It will have the same great bed, bath and kitchen items but it will also have a much bigger beyond,” he said. Fans of Bed Bath & Beyond’s 20%-off a single item “Big Blue” coupon will be somewhat disappointed that it will not be resurrected. “I guess what I would say about the coupon is that if you like Bed Bath & Beyond coupons in the past, you will like new Bed Bath & Beyond mobile app we will be rolling out with launch in US,” said Johnson. Bed Bath & Beyond“We’ll still be offering coupons even if they’re not as large as the 20% coupon that people expected and frankly demanded from Bed Bath & Beyond,” said Johnson.

Persons: Overstock.com, ” Jonathan Johnson, ”, Johnson, newness, Beyond.com, What’s, “, it’s, We’ll, Beyond’s Organizations: New, New York CNN, Bed, CNN, Beyond, US Locations: New York, ”, New Jersey

☆ Online retailer Overstock rebranding as Bed Bath & Beyond
▼ + stars: | 2023-06-29 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

"We've long liked the Bed Bath and Beyond name, but we didn't like the stores, the inventory, so don't expect stores from us." Before the Bed Bath & Beyond bankruptcy, Overstock thought that a rebrand would take years and potentially hundreds of millions of dollars, according to Johnson. Instead, Overstock company was able to buy Bed Bath & Beyond's name and customer data for $21.5 million at a bankruptcy auction. Overstock already has a new Bed Bath & Beyond website in Canada, and it plans to go live with a U.S. website in August. Once a storied retailer, Bed Bath & Beyond filed for Chapter 11 bankruptcy protection in April after struggling for years with dwindling sales and a failed merchandising strategy.

Persons: Overstock.com, Jonathan Johnson, Johnson, Overstock, they'll, Dietrich Knauth, Granth, Richard Chang, Maju Samuel Organizations: YORK, Bed, Industries, Thomson, & ' $ Locations: Canada, U.S, New Jersey, Bengaluru

☆ Overstock's CEO explains why the surprise decision to rename the brand after bankrupt Bed Bath & Beyond is actually a brilliant move
▼ + stars: | 2023-06-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Overstock.com acquired Bed Bath & Beyond's brand and digital assets for $21.5 million. CEO Jonathan Johnson said the 20-year-old Overstock brand was overdue for an overhaul. Bed Bath & Beyond's Canadian website has already been refreshed with the names of both brands. The Bed Bath & Beyond brand we think will be such a brand." Johnson said the additional Bed Bath & Beyond shoppers — who accounted for more than $1 billion in sales last year — will triple Overstock's existing customer base.

Persons: Overstock.com, Jonathan Johnson, —, Johnson, Neil Saunders, Overstock, Saunders Organizations: Service, Beyond's, Bed, —

☆ Overstock.com shares spike 20% after company announces Bed Bath & Beyond website rebrand
▼ + stars: | 2023-06-29 | by ( Yuheng Zhan | ) www.cnbc.com time to read: +2 min

Bed Bath & Beyond maintains strong brand awareness, Johnson said, despite mismanagement and eventual bankruptcy. "We'll do this transition slowly where the Overstock customer will come to the new website and will recognize it, but so will the Bed Bath & Beyond customer. "One thing that Bed Bath & Beyond customers will realize is that our non-coupon price is really good. The new Bed Bath & Beyond website is set to be relaunched in Canada within the next week, with a subsequent rollout of a website, mobile app and loyalty program in the U.S. expected in the coming weeks. Overstock shares are up almost 60% so far this year.

Persons: rocketed, Jonathan Johnson, Johnson, CNBC's Locations: Canada, U.S

☆ Overstock acquires Bed Bath & Beyond's intellectual property for $21.5M
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOverstock acquires Bed Bath & Beyond's intellectual property for $21.5MOverstock CEO Jonathan Johnson joins 'The Exchange' to discuss Overstock's acquisition of Bed Bath & Beyond, Overstock's adoption of Bed Bath & Beyond's name and brand identity, and the evolutionary trajectory of Overstock.com.

Persons: Jonathan Johnson Organizations: Bed

☆ Overstock Sees a Future in Calling Itself Bed Bath & Beyond
▼ + stars: | 2023-06-28 | by ( Jordyn Holman | ) www.nytimes.com time to read: +1 min

Soon, Overstock.com will become Bed Bath & Beyond — at least in digital form. Overstock, which last week paid $21.5 million to acquire the bankrupt retailer’s intellectual property, said on Wednesday that it would start operating its website under the Bed Bath & Beyond name. Company executives plan to eventually bring back Bed Bath & Beyond’s popular wedding registry. As Overstock folds the bankrupt retailers’ assets into its own operations, it is considering renaming its business entirely, said Jonathan Johnson, the company’s chief executive. It might settle on Bed Bath & Beyond, he added, but other names are being considered, too.

Persons: Overstock.com, Jonathan Johnson Organizations: Bed, Company Locations: Canada, United States

Overstock.com is going all in on failed retailer Bed Bath & Beyond. It will relaunch the Bed Bath & Beyond website in Canada within the next week, followed by a rollout of a website, mobile app and loyalty program in the U.S. "weeks later." "Bed Bath & Beyond is an iconic consumer brand, well-known in the home retail marketplace," Overstock CEO Jonathan Johnson said in a statement. Overstock will not acquire any brick-and-mortar Bed Bath stores as part of the deal. A number of bidders have expressed interest in Buy Buy Baby's stores but it remains unclear if any will be bought and kept open.

Persons: Overstock, Jonathan Johnson Organizations: United Parcel Service, Bed Locations: Salt Lake City , Utah, Overstock.com, Canada, U.S

☆ 8 things you didn't know about being a flight attendant
▼ + stars: | 2023-03-15 | by ( Jen Glantz | ) www.businessinsider.com time to read: +9 min

"But if it gets noticed, the flight attendant will have to speak with their manager." This made me realize that there's so much we don't notice, or even know, when it comes to the job of a flight attendant. Flight attendants sometimes live together in crash padsFor some flight attendants, always being on the go doesn't warrant wanting to pay rent at an apartment that you'll hardly use. Williams said there's such a thing as flight attendant crash pads, where you split rent with a group of other flight attendants near the airport. You can't become a flight attendant overnightUnlike some jobs where you can submit your resume, go through minimal training, and start immediately, being a flight attendant requires a decent amount of training.

☆ The 1% Stock-Buyback Tax Hasn’t Slowed Repurchases. A Proposed 4% Tax Might.
▼ + stars: | 2023-03-02 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +7 min

Executives largely shrugged off a new 1% tax on stock buybacks as the cost of doing business. Even with the 1% tax, stock buybacks are the preferred way to return cash to shareholders, Mr. Krone said at a conference in February. Stock repurchases by Berkshire and the publicly traded companies it owns benefited investors, he wrote in the Feb. 25 letter. For one, share repurchases typically don’t commit them to continuing to buy shares, and offer flexibility on timing. “We only really consider share repurchases when we have an attractive repurchase price,” the CFO said.

Organizations: & $, & $, & $

☆ New technique from U.S. national lab promises to strip carbon dioxide emissions from power plants and factories at record-low cost
▼ + stars: | 2023-01-24 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

Just as importantly, industrial processes such as making iron, steel, cement, fertilizer, pulp and paper, and bioenergy could all reduce their carbon dioxide emissions this new technique. "We have the technology to be able to capture carbon dioxide from those industrial point sources. PNNL's technique removes carbon dioxide at the source, rather than sucking it out of the air. The technique of vacuuming up existing CO2 out of the air is known as direct carbon capture, and is exemplified by the Swiss company Climeworks. Graphic courtesy Nathan Johnson at Pacific Northwest National LabWhat happens with the rest of the carbon dioxide?

☆ New Tax on Buybacks Is Weeks Away, but Finance Chiefs Aren’t Too Worried
▼ + stars: | 2022-12-09 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +6 min

A new corporate tax on stock buybacks hasn’t worried finance chiefs enough for them to rethink their strategy. For Bolingbrook, Ill.-based Ulta Beauty Inc., a maker of beauty products, the impact of the tax will be minimal, finance chief Scott Settersten said. The company’s board in March authorized a new buyback program that enables Ulta Beauty to repurchase up to $2 billion in shares. It is set to be levied on net buybacks, meaning total shares repurchased minus new shares issued during the year. SHARE YOUR THOUGHTS How will the new tax on stock buybacks affect company repurchase plans in the years ahead?

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