Bed Bath and Beyond is trying to save itself from extinction [CNBC]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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bedbathandbeyond.com
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Source: CNBC
Bed Bath and Beyond is trying to save itself from extinction Not long ago, Bed Bath and Beyond Recently shaken up by a trio of activist investment groups, the company has revamped its board and is searching for a new CEO. It is also taking a number of steps to stabilize sales, cut costs, review its portfolio, and cut its workforce. The investor group, made up of Legion Partners, Macellum Capital Management and Ancora Advisors, has said the company can right itself and restore value to shareholders with new leadership and by bringing the company in line with the best practices already seen in other more successful retailers. The list is long, but suggested fixes include reducing the clutter in Bed Bath and Beyond stores, which customers currently find confusing, messy and tough to shop. It also involves buying products directly from overseas manufacturers, rather than the U.S.-based middlemen Bed Bath and Beyond sources most of its products from. Bed Bath and Beyond still has a reason
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