Bed Bath & Beyond in survival mode

Here we go again!... Bed Bath & Beyond announced its turnaround plan and it will be EPIC with 20% of its staff being laid off, halting store expansion and remodels and closing 150 stores. They are eliminating nine of their private brands and focusing on National brands that their core customer prefers. Will this be enough to reinvigorate the brand or is the entire chapter 11 bankruptcy coming soon? Time will tell. Best of luck to the 32,000 employees. #repositioning #turnaround #bedbathandbeyond #Retail #liquidation #financialresults #TimewillTell

Has totally surprised me that it took this long… evolve or die. Same old, same old, just doesn’t cut it anymore. It’s been hard watching this one as they took basically no steps to adapt. #RetailRelevancy #Retail https://lnkd.in/e8-EJcS3

#bedbathandbeyond isn’t spinning off its Buybuy Baby business, and conversations of retail investors on Reddit show they aren't too happy about that. "Nothing burger" was the word of the day on the forum when referring to #BBBY Read the full story on Barron's #BBBYSQUEEZE

RIP Bed Bath & Beyond - Death by bad Pricing If you want a recent case study on how a bad pricing strategy can put you out of business, look no further than Bed Bath & Beyond (BBBY).?Chronic over-discounting with continuous 20% - 50% offers leave consumers feeling your non-Promo prices are inflated.?Believing all consumers only care about price led them to a foolish strategy to stop focusing on major brands and instead offer cheaper second-rate knockoff brands.?Turns out consumers actually care about Brands and will pay more for value and quality.? If they haven’t already closed their store by you, they will be soon – they have entered the death spiral.?Buy some Target stock, most of the Revenue will move there.

Bed Bath & Beyond was at one time one of my favorite anchors for community centers, one of my favorite places to shop (my wife still has dozens of never-expiring coupons), and one of my favorite stocks (sold my shares and made money years ago). Despite the announcement to close 150 stores, I'm rooting for its come-back.