Report: Bed Bath & Beyond Trying to Sell Cost Plus and Christmas Tree Shops
Bed Bath & Beyond (NASDAQ: BBBY) might be selling more than soap dishes and shower heads at the moment. A report in Bloomberg, citing "people familiar with the matter," says that the struggling retailer is exploring the divestment of its Cost Plus World Market and Christmas Tree Shops chains.
Bed Bath & Beyond, which had difficulties with growth and profitability even before the economic damage wrought by the coronavirus, has been under shareholder pressure for some time. Last year, activist investors pushed for the removal of Steven Temares, the CEO at the time. The company now has a new management team, which has trimmed the workforce and taken other measures to reduce costs.
Image source: Getty Images.
Source Fool.com
