• The Wall Street Journal reports that Bed Bath & Beyond CEO Steven Temares is out, the victim of activist investors who have criticized the company’s poor recent financial performance. He will be succeeded on an interim basis by company board member Mary Winston - a former executive with Family Dollar and Giant Eagle - while a search for a permanent replacement is conducted.
Bed Bath & Beyond has been the subject of criticism in recent months because it has not adapted sufficiently to the current e-commerce climate, and remains committed to a marketing program which gets its customers addicted to coupons and unwilling to pay full price for anything.
Bed Bath & Beyond has been the subject of criticism in recent months because it has not adapted sufficiently to the current e-commerce climate, and remains committed to a marketing program which gets its customers addicted to coupons and unwilling to pay full price for anything.
- KC's View:
