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Bed Bath & Beyond

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Bed Bath & Beyond Appoints Interim CEO and New Chief Merchandising Officer

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has made significant changes to its senior leadership to focus on reversing recent results, addressing supply chain and inventory, and strengthening its balance sheet. Sue Gove, an independent director on the company’s board of directors and chair of the board’s Strategy Committee, has been named interim chief executive officer, replacing Mark Tritton, who has left his role as president and chief executive officer and as a member of the board. “After thorough consideration, the board determined that it was time for a …

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Bed Bath & Beyond, DoorDash Expand Partnership for Nationwide On-Demand Delivery

by Katie Lee

Union, N.J. — Bed Bath & Beyond® has formed a partnership with DoorDash, the nation’s leading last-mile logistics platform, to offer consumers on-demand delivery of essential homeware products and items from more than 700 Bed Bath & Beyond locations and nearly 120 buybuy BABY® locations nationwide. With this partnership, Bed Bath & Beyond becomes the first home retailer and buybuy BABY the first baby goods retailer available on the DoorDash marketplace app and website. “As we continue our transformation to a digital-first, omni-always retailer, DoorDash is an ideal partner to …

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Bed Bath & Beyond’s Chief Digital Officer Adds Title of Chief Brand Officer

by Katie Lee

Union, N.J. — Cindy Davis has stepped down from her positions as executive vice president, chief brand officer, and president of Decorist effective August 30, 2021. As a transition, Bed Bath & Beyond Inc. has named Rafeh Masood, executive vice president and chief digital officer, as chief digital officer & interim chief brand officer. He will lead the combined brand, marketing and digital teams effective immediately. “Rafeh’s demonstrated success and leadership in the realms of digital transformation and customer engagement make him the right person to take on these additional …

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Bed Bath & Beyond Redesigns and Transforms Flagship Store in New York City

by Katie Lee

Union, N.J. — Bed Bath & Beyond is reopening its flagship store in New York City after undergoing a complete transformation since last December to modernize the in-store shopping experience. The renovated 92,000-square-foot flagship, located at 620 6th Ave. in Chelsea, is an expression of the new Bed Bath & Beyond in the $180 billion home market. With open sightlines and improved layout, in-store digital shopping tools through the Bed Bath & Beyond mobile app, and an inspiring collection of Owned Brands and national brands for every room of the …

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Bed Bath & Beyond Creates New Role of SVP Finance, Chief Accounting Officer

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has named John Barresi as senior vice president of finance, chief accounting officer, effective June 7, 2021. He will report to Gustavo Arnal, executive vice president and CFO. In the newly created role, Barresi will lead a team responsible for the development and execution of all corporate accounting and financial reporting functions, including maintenance of fiscal records, management of transactional shared services, preparation of internal and external financial reports, SEC and other regulatory reporting, among other corporate accounting activities. The company has …

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Bed Bath & Beyond Names New SVP, General Merchandise Manager

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has named Stacey Shively as senior vice president and general merchandise manager for Home, effective May 17, 2021. Shively will report to Joe Hartsig, Bed Bath & Beyond’s executive vice president, chief merchandising officer and president of Harmon Stores Inc. Shively will be responsible for further accelerating merchandising plans for key categories including bed, bath, seasonal, décor, kitchen, dining, organization, electrics and general merchandise as part of the company’s 3-year transformation strategy. Shively joins Bed Bath & Beyond with more than 25 …

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Bed Bath & Beyond Appoints New SVP, GM of Harmon Health and Beauty Stores

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has named Mara Sirhal as senior vice president and general manager for Harmon Health and Beauty Stores, effective immediately. Sirhal will report to Joe Hartsig, executive vice president and chief merchandising officer at Bed Bath & Beyond Inc. and president of Harmon Health and Beauty Stores. Sirhal will be responsible for unlocking the potential of Harmon Health and Beauty Stores, leading all operational aspects of this value-driven business. This includes retail, online and distribution, as well as developing and implementing an improved customer value …

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Bed Bath & Beyond Inc. Completes Sale of Cost Plus World Market

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has completed the sale of Cost Plus World Market to Kingswood Capital Management, a Los Angeles-based private equity firm. Both companies have agreed to a transition services agreement following the close of the transaction to help ensure business continuity. “The completion of this transaction marks the conclusion of our work to streamline our portfolio,” says Mark Tritton, president and CEO Bed Bath & Beyond. “These efforts will help fund our transformation and put us in the position to start fiscal 2021 with …

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Bed Bath & Beyond Appoints Retail/Brand Veteran as GM of buybuy BABY

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has named Patty Wu as senior vice president and general manager for buybuy BABY, effective January 18. Wu will report to John Hartmann, executive vice president and chief operating officer at Bed Bath & Beyond Inc. and president of buybuy BABY. Wu will be responsible for growing buybuy BABY and its customer base by executing a six-point strategy and capital investment plan that was outlined during the company’s recent Investor Day. The strategy will include extending the product range to include items for young …

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Bed Bath & Beyond Enters Agreement to Sell Cost Plus World Market

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has entered into a definitive agreement to sell its remaining non-core banner Cost Plus World Market to Kingswood Capital Management, a Los Angeles-based private equity firm. Additionally, the company approved a new $150 million accelerated share repurchase program (ASR), subject to market conditions, which will be in addition to the $225 million ASR announced on October 28, 2020. Both ASR programs are expected to be completed by no later than the end of the company’s fiscal year on February 27, 2021.  The …

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