Monday, October 2, 2023
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Bed Bath & Beyond

Newsretailers

Tuesday Morning Is Going Out of Business and Closing All Stores

by Katie Lee

Chicago — Going out of business sales have begun at all of Tuesday Morning’s approximately 200 stores in 25 states. This news follows the recent bankruptcy filing by Bed Bath & Beyond, less than 10 days prior. According to CNN, Tuesday Morning’s first bankruptcy happened in May 2020, during the height of the COVD-19 pandemic. Select fixtures, furnishings and equipment will also be available for sale in closing locations. Gift cards will be honored through May 13, 2023. Merchandise purchased prior to April 28, 2023, may be returned within 14 …

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Bed Bath & Beyond Inc. Files Voluntary Chapter 11 Petitions

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc., along with certain of its subsidiaries, has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey to implement an orderly wind down of its businesses. The 360 Bed Bath & Beyond and 120 buybuy BABY stores and websites will remain operational as the company begins its efforts to effectuate the closure of its retail locations. The company has received a commitment of approximately $240 million in …

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Newspeopleretailerssoftware/technology

Bed Bath & Beyond Inc. Elevates Chief Technology and Digital Officer

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has named Scott Lindblom as chief technology & digital officer, effective immediately. Lindblom has served as the company’s chief technology officer since September 2020, and will now be responsible for managing the company’s digital channel. He will report directly to Bed Bath & Beyond Inc.’s president and CEO, Sue Gove. “We are proud to leverage our organization’s strong talent and elevate Scott, an accomplished leader who possesses significant digital transformation and IT solutions expertise. Scott has experience modernizing technology capabilities for leading …

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Bed Bath & Beyond Inc. Appoints EVP, Chief Marketing & Customer Officer

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has appointed Bart Sichel as executive vice president, chief marketing & customer officer. Sichel will oversee fully integrated marketing and customer strategies for Bed Bath & Beyond, buybuy BABY and Harmon, reporting directly to Bed Bath & Beyond Inc.’s president and CEO, Sue Gove. “I am excited to welcome Bart to the Bed Bath & Beyond leadership team and am confident that his retail experience and deep knowledge of marketing and customer engagement will further support our strategic plan currently underway,” says …

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The Container Store Names New Chief Merchandising Officer and New COO

by Katie Lee

Coppell, Texas — The Container Store Group, Inc., the leading specialty retailer of organizing solutions, custom spaces and in-home services, has named a new chief merchandising officer, Stacey Shively, and promotion of its chief information officer, Dhriti Saha, to chief operating officer, effective November 14. Shively most recently served as a senior vice president at Bed Bath and Beyond. As chief merchant of The Container Store, Shively will lead a diverse merchandising team, collaborate with the company’s cross-functional leadership team and report directly to CEO Satish Malhotra. She will play …

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Bed Bath & Beyond Inc. Appoints New President & CEO

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has named Sue Gove as its new president and chief executive officer. Since June 2022, Gove has served as interim CEO. The appointment was unanimously approved by Bed Bath & Beyond Inc.’s board of directors. She will continue to serve on the board. “We are pleased to announce the appointment of Sue as chief executive officer. Sue is the best person to serve at the helm of Bed Bath & Beyond and continue leading the company,” says Harriet Edelman, independent chair of …

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Newspeopleretailers

REI Co-op Hires VP, Physical Stores and Retail Operations

by Katie Lee

Seattle — REI Co-op has added Mary-Farrell Tarbox to its retail leadership and corporate officer teams. Tarbox joins REI on October 24 as the company’s vice president, physical stores and retail operations. “Mary-Farrell is a proven leader in omni-channel operations. Her more than 30 years of leading successful teams across multiple retail environments made her a clear choice,” says Cameron Janes, chief commercial officer of REI Co-op. “As REI’s retail presence expands across the nation, she will have a key role in helping the co-op achieve our aspiration to serve …

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Bed Bath & Beyond Inc. Mourns the Loss of EVP and CFO

by Katie Lee

Union, N.J. — According to Bed Bath & Beyond Inc., Gustavo Arnal, executive vice president and chief financial officer of the company, passed away on September 2, 2022. The entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss. “I wish to extend our sincerest condolences to Gustavo’s family. Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our company. I am proud to have been his colleague, and he will be truly missed by all of us at …

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Newspeopleretailers

Bed Bath & Beyond Realigns Executive Team; Begins Closing 150 Stores

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. aims to go back to basics: to better serve customers, drive growth and deliver business returns. To that end, Bed Bath & Beyond has realigned its executive team and also has begun closing approximately 150 lower-producing Bed Bath & Beyond banner stores. “We are announcing immediate actions aimed to increase customer engagement, drive traffic and recapture market share,” says Sue Gove, director & interim CEO. “This includes changing our merchandising and inventory strategy, which will be rooted in national brands. Additionally, we …

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Bed Bath & Beyond Promotes Chief Accounting Officer and Head of Treasury

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has promoted Laura Crossen to senior vice president of finance and chief accounting officer, and Susie A. Kim to senior vice president of treasury and investor relations, effective immediately. Crossen has been with Bed Bath & Beyond since 2001 and most recently served as senior vice president, treasury, tax and finance transformation. She will continue to report to Gustavo Arnal, executive vice president and chief financial officer, and replaces John Barresi, who resigned from the company on June 10 to pursue another …

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