Is There Any Hope for Bed Bath & Beyond?
Too little, too late is perhaps what can best describe what's happened to Bed Bath & Beyond (NASDAQ: BBBY), which either just sacked its CEO or at least helped carry his bags out of the C-suite in recent days. Plummeting sales, widening losses, and crashing comparable-store sales all mean that the home goods retailer now looks like a business that may be too threadbare to save.
Image source: Bed Bath & Beyond.
In late June, Bed Bath & Beyond announced that Mark Tritton was out as president, CEO, and board director and was being replaced on an interim basis by director Sue Gove, who has served in executive capacities at two other retailers, Golfsmith and Zale.
Source Fool.com