Bed Bath & Beyond Inc. (BBBY) operates a retail store chain. The company sells domestic merchandise, bath items, kitchen textiles, and home furnishings. It sells its offerings through various websites and applications.
The company announced leadership changes in June, replacing CEO Mark Tritton with the head of the strategy committee and independent director Sue Gove as CEO on an interim basis. The top management replacement came after billionaire activist investor Ryan Cohen criticized the retailer for an “overly ambitious” strategy, overpaying top executives, and failing to reverse market share losses.
