setrgas.blogg.se - Bed bath and beyond contact

The program has started rolling out and is scheduled to be at all stores by the end of July, the company told Axios.has a new loyalty program - Welcome Rewards - that can be used across the company's banners on all purchases. The retailer also rolled out new store-owned brands as part of its transformation plan.īed Bath rewards program with discounts launchesīed Bath & Beyond Inc.

The retailer also operates 135 buybuy BABY stores and 51 stores under the names Harmon, Harmon Face Values or Face Values.

Expect to see more merchandise markdowns or "inventory optimization" and "incremental clearance activity," Arnal said.įlashback: In July 2020, Bed Bath announced it would close 200 of its namesake stores over two years.

"I believe a lot of this work is best done in a back-to-basics mantra that prioritizes knowing our customer and delivering the experience they deserve wherever they interact with us," Gove, the interim CEO, said during an earnings call with analysts Wednesday.ĭetails: Bed Bath & Beyond's inventory rose about 15% from a year ago in the quarter but shoppers' demand fell, chief financial officer Gustavo Arnal said Wednesday.

"It needs to refine its turnaround strategy from a very weak financial position and at a time when the market for home furnishings is in the doldrums," Saunders said.

What they're saying: "In our view, Bed Bath & Beyond has, quite simply, been run into the ground and a change of management is the only way of restoring some credibility with investors," Neil Saunders, managing director of GlobalData, said in a statement.

During Wednesday's earnings call, Bed Bath said it was pausing remodels for the rest of the fiscal year.

Meanwhile, Bed Bath officials told Axios in a statement that "no Bed Bath & Beyond stores were directed to adjust their AC and there have been no corporate policy changes regarding utilities usage." State of play: Last week, Bank of America analysts wrote in a note that they found stores were lowering air conditioning and trimming store hours to cut costs as well as canceling or delaying store remodels. plummeted by 25% in its first quarter of 2022, the retailer announced Wednesday, a similar trend that other major retailers like Target, Walmart and Amazon have faced in recent months.ĭriving the news: Bed Bath & Beyond officials said the "macro environment" was becoming more challenging and announced Sue Gove was named interim chief executive officer, replacing CEO Mark Tritton, who joined the company in November 2019.