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Bed Bath & Beyond CEO ousted as sales
collapse 27%

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Posted By: NorthernDog, 6/29/2022 9:35:35 AM

Bed Bath & Beyond (BBBY) is giving its turnaround CEO the boot after delivering anything but a turnaround. The struggling retailer said Wednesday CEO Mark Tritton is leaving the company and the board, effective immediately. Board member and retail veteran Sue Gove is taking over the retailer on an interim basis. (Snip) Bed Bath saw same-store sales crash 27% at its namesake brand as shoppers pulled back on discretionary purchases while also shunning a more upscale push with fewer coupons at the company. Adjusted operating profits came in at a loss $224 million. The company ended the quarter with a


You may recall that Bed Bath & Beyond loudly announced they were canceling sales of MyPillow. A lot of good that did them - sales have plummeted!

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Reply 1 - Posted by: pros7767 6/29/2022 9:37:53 AM (No. 1200618)
Have only been there once since. Used to be a regular shopper there! Bring back My Pillow and watch sales skyrocket!
50 people like this.

Reply 2 - Posted by: paral04 6/29/2022 9:47:02 AM (No. 1200628)
Even if they bring back My Pillow I won't shop there again. Companies should keep their Wokeness" to themselves. I'm done with it.
54 people like this.

Reply 3 - Posted by: rightdog 6/29/2022 9:54:22 AM (No. 1200639)
The answer for their recovery is easy: Reinstate the My Pillow products and jettison the woke garbage
36 people like this.

Reply 4 - Posted by: Hazymac 6/29/2022 10:00:33 AM (No. 1200650)
Here's hoping that every business that contemptuously and publicly cut off availability of My Pillow products painfully loses customers until they relent. That includes BBBY and Wal-Mart, as well as several others, which I can do without. There's nothing they sell that I can't buy elsewhere. Shopping at BBBY with a friend ten years ago, I saw a stack of My Pillows, recalled all the commercials, and decided to give one a try after spending decades with various types of foam and down-filled pillows. After my first night sleeping on the My Pillow, I would never spend another night at home with any other pillow. Since then (and since surgery on my cervical spine) I've bought them in three fill levels: lavender (formerly white), green, and blue. All are excellent. So are Mike Lindell's Giza Dreams sheets. All of Mike's products are among the best you can find anywhere. (As I type this, I'm wearing My Slippers.)
45 people like this.

Reply 5 - Posted by: DVC 6/29/2022 10:10:10 AM (No. 1200660)
Perhaps the new CEO will bring back My Pillow sales.
21 people like this.

Reply 6 - Posted by: Maggie2u 6/29/2022 10:15:48 AM (No. 1200666)
We have several pillows and a lot of the towels. The best towels are the Beach towels. I bought a couple last summer to give grandkids as B-day presents. Really, really nice and BIG. for around $20. A few years ago my mom bought a mattress topper and used it twice and asked me to return it. She didn't like it because it made her bed too high and she felt like she was falling off the bed. I didn't argue with her, she was 90yrs old and at that age, you just kind of go along with what they want. I called the company, (they did have a return policy). They told me to take it to any local charity and they would refund her money when I sent in the receipt from the charity. I did, they did and my mom was very happy. Great company to do business with.
30 people like this.

Reply 7 - Posted by: TJ54 6/29/2022 10:27:21 AM (No. 1200694)
Disney’s stock fell 50% but their moronic CEO got a big raise
26 people like this.

Reply 8 - Posted by: jechislo 6/29/2022 10:28:47 AM (No. 1200697)
“Those who live by the sword, will die by the sword”. A slightly paraphrased quote by Jesus Christ.
11 people like this.

Reply 9 - Posted by: LC Chihuahua 6/29/2022 10:33:33 AM (No. 1200707)
Almost feel sorry for the CEO. He needs an F Joe Biden t-shirt. Perhaps BB&B should sell them.
9 people like this.

Reply 10 - Posted by: Gordon Mills 6/29/2022 10:48:21 AM (No. 1200732)
Shows that bLACK lies do matter
13 people like this.

Reply 11 - Posted by: hope27 6/29/2022 10:48:54 AM (No. 1200733)
If I recall correctly, BBB was one of the first to cancel My Pillow. Sent a 20% Off coupon and a love letter to everyone on the Board of Directors and the rest of the stack went to the shredder. Recently, Walmart divorced My Pillow.
16 people like this.

Reply 12 - Posted by: legalart 6/29/2022 11:04:45 AM (No. 1200757)
So gratifying to see karma do the rounds with all these woke businesses. When they started to slide hard-left a few years ago, I stopped shopping there; then discovered that other stores had similar, if not the same, goods for a lot less. While I feel bad for the employees who will be pink-slipped, it's a good thing that the corporate elites who show nothing for contempt for their customers, get a hard pink in the rear, where they keep their wallets.
14 people like this.

Reply 13 - Posted by: Skinnydip 6/29/2022 11:26:45 AM (No. 1200784)
I would hope that if they ask My Pillow to come back that Mike tells them to go…uh, pound sand.
8 people like this.

Reply 14 - Posted by: navybrat 6/29/2022 11:44:04 AM (No. 1200803)
I stopped shopping there after they treated the My Pillow guy so badly.
10 people like this.

Reply 15 - Posted by: GoodDeal 6/29/2022 11:44:36 AM (No. 1200806)
Get woke go broke. Mike Lindell is high-fiving and doing the moonwalk right now and throwing a party to celebrate this news. I haven't shopped there for almost two years and I have no plans of going back.
11 people like this.

Reply 16 - Posted by: HHFi2 6/29/2022 12:39:32 PM (No. 1200880)
I used to shop there all the time, but stopped going after they dropped MyPillow products. I see I'm hardly the only one. But I'm sure they'll offer all kinds of excuses for their problems that have nothing to do with siding with leftist jerks against their conservative homeowner base, just like woke movies only flop because they were released on the wrong weekend or something. Woke corporations can lie to their shareholders, but they can't lie to their balance sheets.
11 people like this.

Reply 17 - Posted by: formerNYer 6/29/2022 12:57:02 PM (No. 1200911)
I used to like that store, then one day I went there and it was a mess, shelves not stocked, boxes all over the place, items in the wrong place. Then they cancel My Pillow and I canceled them. The store I used to go to is now a Trader Joe's. Good riddance.
6 people like this.

Reply 18 - Posted by: Rich323 6/29/2022 12:58:11 PM (No. 1200917)
They dumped My Pillow - go woke go broke!
8 people like this.

Reply 19 - Posted by: udanja99 6/29/2022 12:59:17 PM (No. 1200921)
I’m with #2.
5 people like this.

Reply 20 - Posted by: VietVet68 6/29/2022 2:18:35 PM (No. 1200975)
The CEO of the Disney child grooming network has presided over a 50% drop in Disney stock over the last year and yet he has been just given a new 3 year contract. I guess, unlike the board of Bed, Bath and Beyond, child grooming is more important to the Disney board than profits.
7 people like this.

Reply 21 - Posted by: MickTurn 6/29/2022 4:42:52 PM (No. 1201098)
I used to shop there until they went Woke-a-Dope!
4 people like this.

Reply 22 - Posted by: hope27 6/29/2022 7:18:45 PM (No. 1201218)
Last week, I accompanied a friend who wanted to pick something up at our BBB. I haven't walked through their doors since they went woke. We completed 3/4 of our lap, and I entered the Twilight Zone, merchandised as Walgreens. The entire fourth corner of the store was drugstore stuff-shampoo, dish soap, band-aids, cleaning agents, etc. Having an advanced business degree, management, marketing, retail, and sales experience, my initial thought was, that they can't get goods from china so good on them for being creative and filling the space with inventory. Now I know the real story. Woke, baby!!!!!
2 people like this.

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