Bed Bath & Beyond, once a leader in kitchenware and bedding, is in free fall. It is racing to win back customers and salvage its brand before the pressures of modern retailing cave in.
Bed Bath & Beyond, facing heavy pressure from a trio of activist investors, will replace its veteran chief executive as the struggling company attempts to survive upheaval in retail.
Bed Bath & Beyond is struggling, and its turnaround plan includes shutting down about 40 locations this year and testing new ideas with "lab" stores that sell more home decor and food products.
I guess Frank the Tank from "Old School" didn't have enough time to go to Bed Bath & Beyond for a pretty nice little Saturday last quarter -- and neither did a lot of Americans apparently.
