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mark tritton

Newspeopleretailers

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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Newspeopleretailers

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 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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Newsretailers

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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Bed Bath & Beyond Adds New Executive Vice President

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has named Lynda Markoe as executive vice president, chief people & culture officer. She has extensive industry experience from over 30 years at major retailers and will join Bed Bath & Beyond in September 2020. As a key member of the leadership team, she will report to Mark Tritton, Bed Bath & Beyond’s president and CEO, and will be responsible for the company’s People growth pillar, which is focused on creating a talent engine and culture that attracts, retains and develops diverse …

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Newsretailers

Bed Bath & Beyond to Donate $10 Million Worth of Essential Items During COVID-19

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has unveiled a $10 million plan to donate essential items to those affected by COVID-19. The ‘Bringing Home Everywhere’ program will deliver products that provide home comfort and essential support to communities and those on the front line of the pandemic across the U.S. and Canada. “Our homes have become even more central to our lives during this crisis, yet we know that for many people that sense of home has been affected by the health and economic impacts of COVID-19,” says …

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Bed Bath & Beyond Inc. Names Chief Brand Officer and President of Decorist

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has appointed Cindy Davis as executive vice president and chief brand officer of Bed Bath & Beyond Inc., as well as president of Decorist, effective May 26, 2020. Davis will report directly to Mark Tritton, president and CEO. Davis will be responsible for developing and implementing the “Promise” pillar of the company’s strategic growth plan. Her responsibilities will include stewardship and execution of brand strategy, as well as marketing and communications across the company’s retail banners.  She will also support the team …

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Newspeopleretailers

Bed Bath & Beyond Inc. Appoints 4 New EVPs, Including CFO

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has made four new strategic appointments to its leadership team, each of whom will report directly to President & CEO Mark Tritton. This includes the appointment of Gustavo Arnal as executive vice president, chief financial officer (CFO) and treasurer, effective May 4, 2020. Arnal joins the company following his previous role as Group CFO of Avon, prior to which he held senior positions at Walgreens Boots Alliance and Procter & Gamble. Bed Bath & Beyond’s current CFO and treasurer, Robyn D’Elia, is …

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Bed Bath & Beyond Inc. Appoints Chief Operating Officer

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has appointed John Hartmann as chief operating officer of Bed Bath & Beyond and president of buybuy BABY, effective May 18, 2020. He will report directly to Mark Tritton, president & CEO, and be a key member of a streamlined senior leadership team. Hartmann will lead key areas of the company’s transformation including IT, supply chain and real estate, working across the company’s five strategic growth pillars to accelerate decision-making and enhance connectivity across functions. He will also be responsible for re-engineering …

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