Photo by Retiring Guy
USA Today, 9/15/2022
Last month, the home goods retailer announced a strategic and business update as sales continue to trend lower, which includes focusing more on national brands and push its new customer loyalty program to help bring in more customers.
The plan also includes cutting about 20% of jobs and closing 150 locations.
“There’s still an incredible degree of love for Bed Bath & Beyond," Mara Sirhal, the newly named brand president of Bed Bath & Beyond, told industry analysts Wednesday. “We must get back to our rightful place as the home-category destination, and our goal is to achieve this by leading with the products and brands our customers want.”
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