New York – How does a nasty state of affairs develop even worse? Per the outdated saying: Very slowly, then abruptly.
Mattress Bathtub & Past has been channeling via a sequence of turnaround methods to reclaim its authority in the home space because it employed former Goal exec Mark Tritton in fall 2020. He was ousted final summer season amid ongoing gross sales declines. However the 5-alarm bell actually started to clang in September 2021, when the BBB chain reported sinking comp gross sales in its main product classes.
Here’s a take a look at key moments within the unfolding story – up via the announcement that chapter is likely to be on the desk as firm executives search to avoid wasting the enterprise.
Bed Bath & Beyond breaks out sales declines in key categories (Sept. 20, 2021)
Amazon overtakes Bed Bath & Beyond’s lead in wedding registries (Jan. 5, 2022)
Bed Bath & Beyond strikes deal with activist investor (March 25, 2022)
Bed Bath & Beyond comps tumble in key product categories (April 13, 2022)
Bed Bath & Beyond ousts CEO and chief merchant (June 29, 2022)
Merchandising alert: Bed Bath & Beyond plans to add more national brands back into the mix (June 29, 2022)
Bed Bath & Beyond reportedly seeking liquidity boost (Aug. 4, 2022)
HomeGoods, Big Lots gain Q2 share in home as Bed Bath & Beyond declines further (Aug. 10, 2022)
Bed Bath & Beyond elevates chief merchant in leadership shuffle, secures new financing (Aug. 31. 2022)
Bed Bath & Beyond reveals the first group of stores getting the axe as its sheds 150 units (Sept. 16, 2022)
Bed Bath & Beyond moves to boost finances by exchanging debt (Oct. 18, 2022)
Bed Bath & Beyond names permanent president and CEO (Oct. 26, 2022)
With some suppliers pulling back, Bed Bath & Beyond makes another move to shore up liquidity (Nov. 9, 2022)
Bed Bath & Beyond expresses “substantial doubt” about ability to continue operations (Jan. 5, 2023)
The corporate is scheduled to supply an replace on its methods when it experiences Q3 outcomes on Jan. 10.
!perform(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=perform(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.model=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, doc,’script’,
‘https://join.facebook.web/en_US/fbevents.js’);
fbq(‘init’, ‘693453330863834’);
fbq(‘observe’, ‘PageView’);
Discover more from News Journals
Subscribe to get the latest posts sent to your email.
