Bed Bath & Beyond the point of no return… maybe

SalesMoney Matters
Written By Jennifer Joslyn

🛌 Bed Bath & Beyond the point of no return… maybe.

The company that is famous for displaying items you used to buy via telephone during late-night infomercials has reported a year-over-year decline in net sales of 33%. While the third quarter ended November 26th, the company also reported a stark decrease in customer traffic in-store and a 70% dip in stock position. Bed Bath & Beyond President and CEO Sue Gove noted that the company did not achieve its quarterly goals due to inventory constraints, attributing this to the notable executive turnover at the company and financial results. Gove became permeant CEO in 2022 after serving as interim.

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Jennifer Joslyn
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