Inside Bed Bath & Beyond's Plan to Reduce Debt
Big-box housewares retailer Bed Bath & Beyond (NASDAQ: BBBY) saw sinking sales for many years before ousting management in late 2019 and starting on a new path. The company seemed like it was at a nadir even before the coronavirus, which pushed sales down even further.
But the sun was already rising on the company's dark times as new CEO Mark Tritton put together a new management team and began executing on his plan to energize digital sales, gather cash, and refocus on core brands. Now that stores have reopened, sales are picking up, and with the closeout of PersonalizationMall.com, Bed Bath & Beyond has lifted the suspension of its debt reduction program.
Image source: Getty images.
Source Fool.com
