Mark Tritton, who has been ousted as Bed Bath & Beyond’s chief executive officer after less than three years, faced a hugely challenging set of circumstances at the struggling home retailer.
Mark Tritton, who has been ousted as Bed Bath & Beyond’s chief executive officer after less than three years, faced a hugely challenging set of circumstances at the struggling home retailer, according to Carol Spieckerman, president of retail advisory firm Spieckerman Retail.
Bed Bath & Beyond Inc. BBBY, -23.58% announced Tritton’s exit on Wednesday, alongside disappointing results for its first fiscal quarter, sending its shares tumbling more 23% by afternoon. The retail expert also noted that Target and Bed Bath & Beyond are very different animals: “From a marketing perspective, there’s a mythology that surrounds Target — in many ways, it’s deserved, but it doesn’t necessarily translate literally to other retailers.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stocks Making the Biggest Moves Premarket: General Mills, Carnival, Bed Bath & Beyond and MoreThese are the stocks posting the largest moves before the bell.
Consulte Mais informação »
Bed Bath & Beyond Says It's Still Open to Selling Its Buybuy Baby DivisionThe baby gear banner has been a focal point in a dispute with activist investor, Ryan Cohen.
Consulte Mais informação »
Bed Bath & Beyond is a 'hot mess' right nowBed Bath & Beyond is facing a crisis. The retailer's stock plummeted to a 26-year low, after the company reported same store sales dropped 24% from a year ago and the exit of two key executives.
Consulte Mais informação »
Bed Bath & Beyond's CEO is out as sales tumbleBed Bath and Beyond CEO Mark Tritton is out after only three years at the helm of the rapidly sinking retailer.
Consulte Mais informação »