Retail

Bed Bath & Beyond CEO Mark Tritton’s turnaround shows patience is key

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Bed Bath & Beyond CEO Mark Tritton

Source: Bed Bath & Beyond

Bed Bath & Beyond has a story to tell.

Unfortunately, though, for some analysts and investors, the retailer is only in the first or second inning of a massive turnaround. Here, patience is going to be key.

Chief Executive Mark Tritton took over the embattled home-goods business, leaving his post as chief merchant officer at Target, in November 2019.

He swiftly cleaned house, bringing in a new suite of executives to sit alongside him. He announced a sweeping store-closure road map to rid the business of unprofitable shops and to allow it to invest more in digital. He also led a number of divestitures, including Christmas Tree Shops…



Source cnbc.com

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