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Top related persons:
Dave Nielsen - 3 John Thaler - 2 Johnson - 2 Marcus Lemonis - 2 — - 1 Adrianne Lee - 1 Overstock - 1 Dominick - 1
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Utah Bath CNBC's Bengaluru
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Inc - 2 Bed - 2 JAT - 2 Service - 1 Kirkland's - 1 Business - 1 JAT Capital - 1 Beyond Inc - 1

Search resuls for: "Dave Nielsen"


3 mentions found


☆ Bed Bath & Beyond owner to lay off 20% of its workforce
  + stars: | 2024-10-24 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +3 min
Bed Bath & Beyond's owner said in a regulatory filing that it will cut one-fifth of its workforce. AdvertisementThe parent company of Bed Bath & Beyond plans to lay off one-fifth of its workforce in a move to save $20 million per year. AdvertisementEarlier in the week, Beyond and Kirkland's Home announced a $25 million deal to open small-format, 15,000 square-foot "neighborhood" Bed Bath & Beyond locations across the US. Related storiesThe $21.5 million deal covered trademarks, internal business data, and e-commerce platforms, including websites and mobile apps, but no physical stores or inventory. The company said at the time that the additional Bed Bath & Beyond loyalty program shoppers tripled Overstock's existing customer base.
Persons: —, Adrianne Lee, Dave Nielsen, Overstock, Dominick Organizations: Inc, Service, Bed, Kirkland's, Business Locations: Utah
☆ 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
☆ 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
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