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Thursday, jun 4
Tag:
Bed Bath & Beyond
Business
Bed Bath & Beyond Plotting Comeback For Physical Stores: What We Know
Bed Bath & Beyond could be returning with physical stores more than two years after the last location closed. Beyond Inc. hinted at the first Bed Bath & Beyond store opening in the company's earnings report on Monday, July 28. Beyond also owns Overstock and buybuy BABY. The "small-format" store would be located in Nashville. "It's a smart, scalable model that puts our iconic brands back in the heart of communities," said Beyond executive chair Marcus Lemonis. The company hasn't said when the store would open or if more locations are planned. Bed Bath & Beyond filed for b…
Business
Kohl's Fires CEO Over Vendor Deal Conflict, Reportedly With Former Romantic Partner
Kohl's has removed its top executive after learning he steered the retailer into vendor deals involving undisclosed conflicts of interest, reportedly with a former romantic partner. Ashley Buchanan has been fired as CEO of Kohl's, the company announced on Thursday, May 1. The chain's board removed Buchanan based on findings from an outside counsel-led investigation overseen by the Kohl's audit committee. Board chair Michael Bender, the former CEO of Eyemart Express, will step in as interim CEO. "Working with our talented leadership team, board, and thousands of associates, I am c…
Business
1.75 Million Travel Steam Irons Part Of Expanded Recall For Fire, Burn, Shock Hazards
Federal authorities announced that a recall initially reported in May has been expanded to include an additional 1.7 million travel irons after there were new reports of injuries. Kansas-based Vornado announced that it is now recalling upwards of two million Steamfast Home and Away Travel Steam Irons due to fire, burn, and shock hazards due to a faulty power cord. According to the company, the cord can become damaged, leading to possible overheating, which then poses fire and burn risks. The damage can also lead to exposed copper wires, representing a shock hazard. Steamfast travel ste…
Business
Bed Bath & Beyond Plans To Close Remaining Stores After Filing For Bankruptcy
Struggling home goods retailer Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday, April 23 with plans to close all of its remaining stores after efforts to raise enough money to keep the company alive came up short. The company said in a statement that it will implement "an orderly wind-down" of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets. For now, 360 Bed Bath & Beyond and 120 buybuy BABY stores and websites will remain open and continue serving customers as the com…
Business
Bed Bath & Beyond Closures Include Nine MD, VA Locations
Nine Bed Bath & Beyond stores across Maryland and Virginia are among 87 locations scheduled to close in 2023, the struggling retailer announced. That brings the total number of Bed Bath & Beyond locations scheduled to close to at least 162 announced since September 2022. A spokesperson told Axios that the latest round of closures will include all of the company's Harmon beauty shops, as well as five Buy Buy Baby locations. The following locations in Maryland and Virginia are set to close in 2023: Annapolis, 200 Harker Place Suite 200 Fairfax, 12100 Fairfax Towne Center&…
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