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☆ Bed Bath & Beyond Followed a Winning Playbook—and Lost
▼ + stars: | 2022-12-08 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

Mark Tritton arrived at Bed Bath & Beyond Inc. in 2019 with a plan to revive the home-goods retailer and ward off competition from Amazon.com Inc., Target Corp. and other large chains: sell what nobody else has. Switching to private-label brands has worked for many retailers. At Bed Bath & Beyond—beloved for its 20% off coupon and massive product selection—the changes alienated customers and sent sales into free fall.

☆ Bed Bath & Beyond's stock falls as retailer plans to issue shares to pay off some debt
▼ + stars: | 2022-11-14 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Bed Bath & Beyond said Monday it would issue shares to some of its bondholders in exchange for paying off a small portion of its roughly $1 billion debt load. Bed Bath & Beyond's shares fell more than 8% at about $3.60 on Monday following the announcement of its stock dilution. Bed Bath & Beyond has more than $1 billion in unsecured notes with maturity dates spread across 2024, 2034 and 2044. In August, Bed Bath & Beyond announced new debt funding that was expected to give it some breath room, especially with suppliers. Meanwhile, its chief accounting officer resigned and the company eliminated the chief operating officer and chief stores officer roles.

☆ Late Bed Bath & Beyond CFO Dropped From Shareholder Suit
▼ + stars: | 2022-11-02 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +5 min

Gone are claims from the original 24-page complaint that Mr. Arnal and Mr. Cohen colluded to boost the company’s share price. Bed Bath & Beyond has said the lawsuit was without merit. Bed Bath & Beyond and Mr. Cohen, along with JP Morgan Securities LLC, are still named as defendants in the suit, which seeks class-action status. Bed Bath & Beyond shares traded around $4.05 on Wednesday, down more than 70% since the beginning of the year. Mr. Toll said he hadn’t heard from Bed Bath & Beyond or Mr. Arnal’s estate leading up to the filing of the amended complaint.

☆ Late Bed Bath & Beyond CFO Dropped From Suit Alleging Collusion With Ryan Cohen
▼ + stars: | 2022-11-02 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +5 min

“There’s plenty of grief in his family, and us making it even worse didn’t seem worth it,” Mr. Toll said. Gone are claims from the original 24-page complaint that Mr. Arnal and Mr. Cohen colluded to boost the company’s share price. Bed Bath & Beyond and Mr. Cohen, along with JP Morgan Securities LLC, are still named as defendants in the suit, which seeks class-action status. Mr. Cohen unloaded his entire stake in Bed Bath & Beyond in mid-August. Bed Bath & Beyond shares traded around $4.05 on Wednesday, down more than 70% since the beginning of the year.

☆ Bed Bath & Beyond's chief customer and technology officer resigns
▼ + stars: | 2022-11-02 | by ( Sara Salinas | ) www.cnbc.com time to read: 1 min

A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Bed Bath & Beyond's chief customer officer, Rafeh Masood, has resigned, marking the latest leadership change at the embattled retailer. Masood also held the role of chief technology officer. Bed Bath & Beyond said the departure is "not the result of any disagreement" with the company on any matter relating to its operations, practices or financial statements. She was tapped for the top job in June after the company's board pushed out former Chief Executive Mark Tritton.

☆ Bed Bath & Beyond's technology chief resigns after possible data breach
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - Bed Bath & Beyond Inc (BBBY.O) said on Wednesday its customer and technology chief, Rafeh Masood, will step down, days after the home goods retailer reported a possible data breach. Last week, Bed Bath said a third party had improperly accessed its data through a phishing scam by gaining access to the hard drive and certain shared drives of one of its employees. Masood's resignation, effective Dec. 2, was not the result of any disagreement with Bed Bath & Beyond on any matter related to the company's operations, practices or financial statements, the company said in a regulatory filing. Once considered a so-called "category killer" in home and bath goods, the big box retailer's fortunes have dragged after attempts to sell more store-branded products flopped and led to the reshuffle of its management team. Earlier in October, Bed Bath & Beyond appointed Sue Gove as its Chief Executive Officer.

☆ Bed Bath & Beyond Elevates Sue Gove to Permanent CEO
▼ + stars: | 2022-10-26 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond on Wednesday named Sue Gove as its permanent chief executive to lead the struggling home-goods retailer as it undergoes a turnaround. Ms. Gove, a veteran retail executive who had served on the company’s board, became interim CEO of Bed Bath & Beyond at the end of June. She succeeded Mark Tritton after sales plunged in the wake of his attempt to quickly overhaul the retailer by clearing up crowded aisles, scaling back coupons and increasing private-label assortment.

☆ Bed Bath & Beyond interim CEO Sue Gove to take on role permanently
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: 1 min

Oct 26 (Reuters) - Home goods retailer Bed Bath & Beyond Inc (BBBY.O) said on Wednesday that interim Chief Executive Sue Gove will keep the role permanently. Gove was named the interim CEO in June after the company replaced Mark Tritton in a management shake-up to reverse a slump in its business. Gove was previously the head of the strategy committee and an independent director in the company. The company said the appointment was unanimous and she will remain on its board. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh Kuber and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Bed Bath and Beyond names Sue Grove as its new CEO
▼ + stars: | 2022-10-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —Bed Bath and Beyond has named a new CEO — and investors were selling the stock. The beleaguered retailer has tapped interim leader Sue Gove to the position permanently. It also revealed that sales at stores open for at least a year plunged 26% during its latest quarter ending August 27. Neil Saunders, managing director of GlobalData, said the appointment of Gove is a “sensible and pragmatic solution” because of her knowledge of the Bed Bath and Beyond brand. “In any case, it is our view that Bed Bath and Beyond would have difficulty in recruiting someone from the outside because of both the extreme challenges it faces and the lingering doubts about its long-term survival,” he added.

☆ Bed Bath & Beyond shares fall after interim CEO Sue Gove appointed to position permanently
▼ + stars: | 2022-10-26 | by ( Melissa Repko | ) www.cnbc.com time to read: +2 min

Bed Bath & Beyond said Wednesday that it has appointed interim Sue Gove to the position permanently. Bed Bath is trying to reverse declining sales, win back customers and strengthen relationships with suppliers. In late August, Bed Bath announced cost cuts and a new loan on a call with investors. Without those items this holiday season, Bed Bath could have a hard time competing with rivals like Amazon, Target and Walmart. Bed Bath is having its first supplier summit on Wednesday, which the company said will strengthen those relationships.

☆ What Cramer is watching Wednesday — mortgage demand collapses, tech red flags
▼ + stars: | 2022-10-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

What I am looking at Wednesday, Oct. 26, 2022 Worst mortgage demand since 1997 . Early, weaker quarterly summary on tech Tuesday evening from Club holdings Alphabet (GOOGL) and Microsoft (MSFT). No longer in early innings of the cloud, and cloud costs, especially electricity, are way up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. It also announced cost-cutting measures, including layoffs and closing about 150 Bed Bath & Beyond stores. Bed Bath faces several significant challenges, including mounting debt, vacant leadership roles and tense relationships with vendors. In late August, Bed Bath got some relief by securing more than $500 million of new financing, including a $375 million loan. According to former company executives, Bed Bath has had strained relationships with suppliers — and could face a repeat of two Christmases ago, when it did not have several hot products from well-known national brands.

☆ Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan
▼ + stars: | 2022-09-29 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. It also announced cost-cutting measures, including layoffs and closing about 150 Bed Bath & Beyond stores. She said Bed Bath is "confident that our current liquidity will enable the necessary changes we are implementing." Bed Bath faces several significant challenges, including mounting debt, vacant leadership roles and tense relationships with vendors.

Bed Bath & Beyond has tapped its chief accounting officer as interim CFO after its former executive died on Friday. Laura Crossen is interim chief financial officer as of Monday, the company said in a regulatory filing. Shares of Bed Bath & Beyond were down by about 15% early Tuesday as investors weighed the struggling retailer’s path forward. It said last week that it would eliminate the jobs of chief operating officer and chief stores officer. Customers leave a Bed Bath & Beyond store in New York on Aug. 25.

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☆ Bed Bath & Beyond shares decline after CFO's death
▼ + stars: | 2022-09-06 | by ( ) www.nbcnews.com time to read: +1 min

Shares of Bed Bath & Beyond were down in premarket trading Tuesday after the struggling retailer’s chief financial officer died over the weekend. The stock was down more than 15% as investors weighed the company’s leadership crisis after Gustavo Arnal’s death. The loss comes after the company recently eliminated some executive positions, including chief operating officer, as part of its efforts to win back investor confidence and customers. Bed Bath & Beyond is operating under an interim chief executive, Sue Gove, after the company’s former leader, Mark Tritton, was ousted by the board in June. Arnal joined Bed Bath & Beyond in 2020 from London-based cosmetics company Avon after the start of the Covid-19 pandemic.

☆ Bed Bath & Beyond CFO falls to death days after company announces massive closures and layoffs
▼ + stars: | 2022-09-05 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +3 min

A Bed Bath & Beyond executive died from an apparent suicide after falling from the downtown Manhattan luxury skyscraper where he lived, according to New York's medical examiner’s office. A Sunday statement from the retailer said that "the entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss." Last year, Arnal took home $2.9 million as CFO of Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com. Last month, he sold more than 42,500 shares of company stock worth more than a million dollars, according to the website MarketBeat. Bed Bath & Beyond's stock took a major hit last month after an influential investor sold all of his nearly 7.8 million shares.

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