Bed, Bath and Beyond's CEO steps down after sales projection missed by 22%

Started by TheFugitive, June 29, 2022, 09:42:34 AM

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TheFugitive

Bed, Bath and Beyond's CEO has stepped down (likely under pressure) after the company missed sales projections by 22%.

https://www.wsj.com/articles/bed-bath-beyond-ceo-exits-as-sales-plunge-11656503774?mod=business_lead_pos1

Given that the country appears to be headed into a recession this is not encouraging for the chain's ultimate survival.  There are rumors floating that BB&B has turned-off air conditioning in stores to cut expenses.  I can't believe they turned it off, but they certainly may have utilized energy management systems to dial it back to bare minimum (Ames used to do this to us at times).