Canadian Manufacturing

New CEO at Bed Bath & Beyond shakes up chain of command

The chain had a three-year decline in same-store sales growth, while sales growth has dropped for three consecutive quarters

December 17, 2019  The Canadian Press

TRENTON, N.J. – Six senior executives are being outed at at Bed Bath & Beyond, the first major manoeuvr by a new CEO that the retailer recruited from Target.

The chain had a three-year decline in same-store sales growth, while sales growth has dropped for three consecutive quarters. Gross income has dropped for 10 straight quarters.

The departures announced Tuesday include the company’s chief merchandising officer, marketing officer, digital officer, it’s general counsel and its chief administrative officer. The company’s chief brand officer resigned last week.

Mark Tritton was named CEO about two months ago after successfully rejuvenating Target’s private label brands while launching 30 new brands at the retailer as its chief merchandising officer.

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