Why Bed Bath & Beyond Is Down 60% This Year

Why Bed Bath & Beyond Is Down 60% This Year

Bed Bath & Beyond (NASDAQ: BBBY) seemed to be stabilizing last year. Under the turnaround efforts of CEO Mark Tritton, former merchandising chief at Target (NYSE: TGT), the struggling retailer finally saw progress on its comparable store sales (or comps), gross margins, and inventories as pandemic-related headwinds dissipated.