Bed Bath & Beyond Ends Some Furloughs as Online Sales Jump 85%
Demand is improving in parts of Bed Bath & Beyond's (NASDAQ: BBBY) business. The specialist retailer said over the weekend that it has had to convert many of its stores into fulfillment centers to satisfy a sharp demand spike from its online sales channel. In fact, e-commerce revenue is up 85% in April.
The boost doesn't nearly offset lost revenue from its temporary store closures, which the company just extended until at least May 16 from the prior forecast of May 2. However, it has allowed the company to bring back hundreds of furloughed associates.
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Source Fool.com
