Bed Bath & Beyond

retaildive | October 25, 2018

S&P Global Ratings on Wednesday lowered its issuer credit rating on Bed Bath & Beyond to BB+ from BBB-; the outlook is negative, according to a press release from S&P emailed to Retail Dive. The retailer's highly promotional stance and the growing expense of its omnichannel services are likely to vex the company in the next 12 to 24 months, S&P said. "We believe the company's competitive position has eroded, as measured by a cumulative double-digit decline in EBITDA ...

retaildive | March 29, 2019

Bed Bath & Beyond this week laid off almost 150 employees, including less than 50 in its flagship store operations and less than 100 in its Christmas Tree Shops stores, CNBC reports.In a statement to Retail Dive, a spokesperson for the retailer declined to confirm those specifics, but said that it's shifting resources to support digital sales. "At Bed Bath & Beyond, we have been, and continue to make significant investments to enhance our omnichannel capabilities, and our stores...

retaildive | March 26, 2019

A group of investment firms and their affiliates comprising Legion Partners Holdings, Macellum Advisors GP and Ancora Advisors on Tuesday announced the nomination of 16 independent candidates for election to Bed Bath & Beyond's board, which would effectively turn over the board's entire 12-person team, and called for the ouster of CEO Steven Temares. In the aggregate, the investor group owns about 5% of the retailer's outstanding common stock, including about 1% of shares underly...

fxstreet | January 16, 2020

Thursday's US economic docket highlights the release of monthly retail sales figures, scheduled at 13:30 GMT. Consensus estimates point to modest growth of 0.3% for December as compared to the previous month's 0.2% increase. Sales excluding automobiles (core retail sales) are seen rising by 0.5% during the reported month as against a dismal 0.1% growth recorded in November. Meanwhile, the closely watched Retail Sales Control Group is expected to rise by 0.4% following a 0.1% increase in ...