Our Mission

Learn who we are and how we serve our community

Leadership

Meet our leaders, trustees and team

Foundation

Developing the next generation of talent

C+CT

Covering the latest news and trends in the marketplaces industry

Industry Insights

Check out wide-ranging resources that educate and inspire

Government Relations & Public Policy

Learn about the governmental initiatives we support

Events

Connect with other professionals at a local, regional or national event

Virtual Series

Find webinars from industry experts on the latest topics and trends

Professional Development

Grow your skills online, in a class or at an event with expert guidance

Find Members

Access our Member Directory and connect with colleagues

ICSC Networking Platform

Get recommended matches for new business partners

Student Resources

Find tools to support your education and professional development

Become a Member

Learn about how to join ICSC and the benefits of membership

Renew Membership

Stay connected with ICSC and continue to receive membership benefits

C+CT

Bed Bath & Beyond to review assets in turnaround plan

July 11, 2019

Bed Bath & Beyond Inc. is reviewing the future of its other store brands as it shapes a turnaround plan.

As of June 1, the company had roughly 1,500 stores, comprising nearly 1,000 Bed Bath & Beyond units across all 50 states, the District of Columbia, Puerto Rico and Canada. The company also operates nearly 300 stores under the Cost Plus, World Market and related banners, plus many additional stores under the BuyBuy Baby, Christmas Tree Shops and other brand names. 

"Bed Bath & Beyond is an iconic brand with tremendous opportunity, and we recognize that there needs to be a fundamental change in our approach to executing the company's business transformation,” said recently appointed interim CEO Mary A. Winston, in a statement issued as part of the retailer’s fiscal 2019 first-quarter results. “We have set four key near-term priorities that include stabilizing and driving top-line growth; resetting the cost structure; reviewing and optimizing the company's asset base, including our portfolio of retail banners; and refining our organization structure.”

“Bed Bath & Beyond is an iconic brand with tremendous opportunity, and we recognize that there needs to be a fundamental change in our approach to executing the company's business transformation”

Winston replaced former CEO Steven H. Temares, who stepped down in May.

“The board and management team are aligned on these priorities, and we are committed to completing a deep review of the business to prioritize and drive forward the most meaningful initiatives to improve performance,” Winston said in the prepared statement. “As we execute against these near-term priorities, our focus will remain on delighting our customers and delivering long-term value for our shareholders."

By Edmund Mander

Director, Editor-In-Chief/SCT

Commerce + Communities Today

Members get exclusive access to this magazine with news and trends for the rapidly evolving marketplaces industry.

Sign up now