![]() Your CNN account Log in to your CNN account Critics have said Bed Bath & Beyond stores are too messy, with merchandise stacked high to the ceilings. Bed Bath & Beyond has nearly 1,000 US stores, as well as hundreds of World Market, Cost Plus, Buy Buy Baby and Harmon locations.īed Bath & Beyond is shuttering at least 40 Bed Bath stores this year and said Wednesday that it will likely close more.Īt stores it plans to keep open, it will attempt to reduce clutter. The first task for the company: Close underperforming Bed Bath & Beyond stores and the array of stores it has under different names. “It is difficult for us to get excited” about the company. Bed Bath & Beyond “might be running out of time, and the company will need to continue investing in order to survive,” Oliver Wintermantel, analyst at Evercore ISI, said in a research note to clients Thursday. (W) has invested heavily on advertisements to get customers familiar with its brand.ĭespite efforts to lower prices, Bed Bath & Beyond is still around 10% more expensive than Amazon on similar items, according to a UBS pricing study this week of the two retailers.īed Bath & Beyond is also under pressure from discounters TJ Maxx (AMZN) have launched cheaper private label home brands, while Wayfair ![]() The chain has fallen behind traditional retailers who have expanded their home goods presence and a new crop of direct-to-consumer online brands. With the proxy fight behind it, Bed Bath & Beyond is focusing on finding a new CEO that can transform the retailer as competition grows. Bed Bath & Beyond has since settled with activist groups by overhauling its board of directors and agreeing to make changes to the company. Winston, a former Family Dollar executive, is trying to stabilize Bed Bath & Beyond after years of struggling sales and a messy activist battle that led to the ouster of the retailer’s veteran CEO in May. ![]() Yana Paskova/For The Washington Post/Getty ImagesĬasper's new strategy: Move beyond mattresses
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