Bed Bath & Beyond has tapped its chief accounting officer as interim CFO after its former executive died on Friday.
Shares of Bed Bath & Beyond were down by about 15% early Tuesday as investors weighed the struggling retailer’s path forward. The company is looking for a new CEO after its board ousted Mark Tritton in June. It said last week that it would eliminate the jobs of chief operating officer and chief stores officer.Gabby Jones / Bloomberg via Getty Images
The home goods retailer is trying to revive its business as sales slow and it loses market share to competitors. As it prepares for the holiday season, Bed Bath & Beyond announced last week that it had secured more than $500 million in new funding and laid out a new plan to manage costs, including store closures and layoffs.
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Bed Bath & Beyond CFO Gustavo Arnal dies after falling from Jenga TowerThe chief financial officer of retail chain Bed Bath & Beyond has died.
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