![]() ![]() “Bed Bath & Beyond’s product, price and promotions do not align.”Ĭustomers are passing over Bed Bath & Beyond’s own brands in favor of nationally branded products. “Their biggest challenge is going to be their product assortment,” Amlani said. The company in late August pre-announced comparable sales decline of 26% for the second quarter.īed Bath & Beyond declined to comment on its merchandising strategies.īed Bath & Beyond is not typically seen as a go-to retailer for holiday shopping and is more known as a destination for dorm and apartment shopping however, the company has prepared its inventory with seasonal decor to take advantage of the shopping season. The retailer is not currently exploring bankruptcy, a source familiar with the matter told Reuters last week, because of a recent loan that is expected to carry the company into 2023.Īnalysts expect Bed Bath & Beyond’s same store sales to slump 22.8% for the second-quarter, according to estimates from Refinitiv, even after the company was able to secure $500 million in financing ahead of the holiday season. #BED BATH AND BEYOND CONTACT EXTENTION FULL#“Now more than ever, connecting with the consumer and selling as much product at full price as can is critical,” said Amlani. The holiday season will be Bed Bath & Beyond’s “make-or-break moment” to show shoppers that its new product assortment is worth a trip to one of its 770 stores, said Liza Amlani, a retail consultant based in Canada. NEW YORK, NY (Reuters) – Bed Bath & Beyond investors will be closely watching the home goods retailer’s second quarter earnings on Thursday for clues as to how customers are responding to its merchandise overhaul. ![]()
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