Can New CEOs Save Bed Bath & Beyond, Gap, or J.C. Penney?
Three troubled major retailers just got new CEOs or are about to, but investors are right to wonder whether the businesses are far too damaged for a fresh face to make a difference at this point.
J.C. Penney (NYSE: JCP) hired a former fabric and crafts store executive; Bed Bath & Beyond (NASDAQ: BBBY) added a former Target executive; and Gap (NYSE: GPS) stunned everyone last week when it abruptly announced it had fired its CEO right in the middle of a big corporate transformation.
Considering the condition of retail generally, and these three retailers in particular, new executives might not be enough to salvage them.
Source Fool.com
