Will Selling One Kings Lane Float Bed Bath & Beyond's Boat?
While the COVID-19 pandemic has crushed many a retailer, it's been even more harsh toward companies that were struggling in the first place.
Bed Bath & Beyond (NASDAQ: BBBY) has seen falling sales and went through a major executive shakeup at the end of 2019. As part of an operations overhaul, the home goods company has sold off some real estate as well as subsidiaries.
In the fourth-quarter conference call on Wednesday, CEO Mark Tritton said the company had sold its One Kings Lane home goods division. The price and buyer were not specified.
Source Fool.com
