On Tuesday, Bed Bath & Beyond announced that six members of its C-Suite were leaving, including its chief merchandising officer, chief marketing officer and chief digital officer. Three of the six had been with Bed Bath & Beyond for more than 20 years.
On Tuesday, Bed Bath & Beyond announced that six members of its C-Suite were leaving, including its chief merchandising officer, chief marketing officer and chief digital officer. Three of the six had been with Bed Bath & Beyond for more than 20 years.Bringing in"fresh perspectives from new, innovative leaders of change" will help Bed Bath & Beyond adapt to consumers' shopping needs, Tritton said in a statement.
Read MoreBed Bath & Beyond's decision to bring in a chief executive from a top competitor has won support on Wall Street. Bed Bath & Beyond's stock rallied 4% Tuesday on the leadership changes.The overhaul is not surprising, Cristina Fernandez, analyst at Telsey Advisory Group, said in a note to clients."It points to decisive and bold actions to execute a turnaround." Bed Bath & Beyond desperately needs new vision.
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