- We went shopping at Bed Bath & Beyond and saw why the company is plotting a turnaround
- Bed Bath & Beyond Corporate Office
- Bed Bath & Beyond
We went shopping at Bed Bath & Beyond and saw why the company is plotting a turnaround
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Bed Bath and Beyond's executive board is getting a makeover. Its new strategy? The response from activist investors, whose pressure on the company helped spur management to overhaul the board in the first place: Still not good enough. In late April the home-goods retailer announced the appointment of five new independent members to its board, including the retirement of its co-founders, Warren Eisenberg and Leonard Feinstein. The company has touted its incoming members for their diversity in experience, age, race and gender. All but one of the 10 board members are independent and have been added in the last two years, bringing the company a new generation of leaders.
The home essentials company has been in trouble for some time now — its longtime CEO, Steven Temares, stepped down in May amid pressure from activist investors, and its stores have been criticized for being messy in the past. The overstocked and messy store made it clear why the company is making big changes. World globe An icon of the world globe, indicating different international options. Search icon A magnifying glass. It indicates, "Click to perform a search". Close icon Two crossed lines that form an 'X'.
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Bed Bath & Beyond Corporate Office
Why Bed Bath & Beyond Is Facing Extinction
Bed Bath & Beyond