Bath

Bed Bath & Beyond reports a 28% drop in sales as it presses ahead with a turnaround plan

Bed Bath & Beyond reports a 28% drop in sales as it presses ahead with a turnaround plan

Leave a Comment / Business / By

Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to attract customers. Shares bounced around in premarket trading, as investors assessed the report. The company’s stock has been volatile, fueled in part by the meme-stock frenzy as well as drastic changes to …

Bed Bath & Beyond reports a 28% drop in sales as it presses ahead with a turnaround plan Read More »

Elon Musk Twitter deposition, Bed Bath & Beyond earnings, Amazon hardware event top week ahead

Elon Musk Twitter deposition, Bed Bath & Beyond earnings, Amazon hardware event top week ahead

Leave a Comment / Business / By

State Street Global Advisors chief investment strategist Michael Arone tells ‘The Claman Countdown’ to expect more market volatility as the Fed raises rates to fight inflation. Investors are in for another wave of key earnings and economic data. Wall Street will also be watching for developments in the Musk-Twitter legal battle as the world’s richest …

Elon Musk Twitter deposition, Bed Bath & Beyond earnings, Amazon hardware event top week ahead Read More »

Bed Bath & Beyond's merchandise problems will make it hard to pull off a turnaround this holiday season

Bed Bath & Beyond’s merchandise problems will make it hard to pull off a turnaround this holiday season

Leave a Comment / Business / By

A person exits a Bed Bath & Beyond store in New York City, June 29, 2022. Andrew Kelly | Reuters Bed Bath & Beyond is betting on a drastic change in strategy and well-recognized brands to revive its struggling business. But the retailer’s strained relationships with suppliers of products such as air fryers and stand-mixers …

Bed Bath & Beyond’s merchandise problems will make it hard to pull off a turnaround this holiday season Read More »

Lawsuit that may have played role in Bed Bath & Beyond exec's suicide hits snags

Lawsuit that may have played role in Bed Bath & Beyond exec’s suicide hits snags

Leave a Comment / Business / By

An explosive shareholder lawsuit that may have played a role in the shocking suicide of Bed Bath & Beyond’s former financial chief Gustavo Arnal has recently run into trouble of its own. The $1.2 billion suit — which accuses the home-furnishings retailer, its late CFO, JPMorgan and a big investor of orchestrating a “pump and …

Lawsuit that may have played role in Bed Bath & Beyond exec’s suicide hits snags Read More »

Bed Bath & Beyond is closing more than 50 stores. Here's where they are

Bed Bath & Beyond is closing more than 50 stores. Here’s where they are

Leave a Comment / Business / By

The downsize is part of the struggling retailer’s last-ditch effort to stabilize as it struggles in financial turmoil. Along with shuttering stores, the company said in August it will lay off about 20% of its corporate employees and cut some of its in-house home goods stores. It also secured a crucial $500 million in new …

Bed Bath & Beyond is closing more than 50 stores. Here’s where they are Read More »

Former colleagues of late Bed Bath & Beyond CFO Gustavo Arnal, stunned by his death, remember him: 'The strongest and most resilient person I've met'

Former colleagues of late Bed Bath & Beyond CFO Gustavo Arnal, stunned by his death, remember him: ‘The strongest and most resilient person I’ve met’

Leave a Comment / Business / By

Although they didn’t work with him at Bed Bath & Beyond these coworkers were from his time as an executive at Procter & Gamble the teammates said Arnal was “larger than life” and enjoyed digging into a big business challenge. Over the course of more than 20 years, Arnal held several senior positions at P&G, …

Former colleagues of late Bed Bath & Beyond CFO Gustavo Arnal, stunned by his death, remember him: ‘The strongest and most resilient person I’ve met’ Read More »

Bed Bath & Beyond's Gustavo Arnal was considering taking a break from work before suicide: report

Bed Bath & Beyond’s Gustavo Arnal was considering taking a break from work before suicide: report

Leave a Comment / Business / By

Bed Bath & Beyond CFO Gustavo Arnal was stressed out by working 18-hour days and was considering taking a leave in the weeks before he killed himself, a new report said. The late executive was also upset about the fallout generated by his mid-August $1.4 million stock sale because he had preplanned the sale and …

Bed Bath & Beyond’s Gustavo Arnal was considering taking a break from work before suicide: report Read More »

How Bed Bath & Beyond got itself in such a deep financial hole

How Bed Bath & Beyond got itself in such a deep financial hole

Leave a Comment / Business / By

We’ve heard a lot recently about how the troubled Bed Bath & Beyond retail chain plans to solve its financial problems by changing its merchandising to include more national brands, taking out expensive loans, closing 150 stores, firing 20% ​​of its workforce and potentially selling 12 million shares of new stock, which would raise some …

How Bed Bath & Beyond got itself in such a deep financial hole Read More »

Bed Bath & Beyond executive jumped to his death from high-rise apartment balcony, source tells CNN

Bed Bath & Beyond executive jumped to his death from high-rise apartment balcony, source tells CNN

Leave a Comment / Business / By

NEW YORK — A man who jumped to his death from a high-rise apartment in Manhattan has been identified by the New York City Police Department as Gustavo Arnal. A law enforcement source told CNN Arnal is the chief financial officer of Bed Bath & Beyond. They said he died after jumping from the 18th …

Bed Bath & Beyond executive jumped to his death from high-rise apartment balcony, source tells CNN Read More »