Forget Bed Bath & Beyond, Best Buy Is a Better Retail Stock
Bed Bath & Beyond (NASDAQ: BBBY) is often considered a casualty of the retail apocalypse. Its stock has been cut in half over the past five years as its revenue declined, aggressive promotions crushed its margins, and better-run competitors like Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), and Target (NYSE: TGT) lured away its shoppers.
But over the past 12 months, Bed Bath & Beyond's stock rebounded 30% after it hired Target's former chief merchandising officer Mark Tritton as its new CEO, divested its non-core businesses, sold some of its real estate, shuttered its weaker stores, renovated its remaining locations, streamlined its supply chain, and focused on expanding its e-commerce platforms.
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Source Fool.com
