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…