The retailer had made an aggressive push into exclusive brands and touted them as a linchpin of its turnaround strategy.
and rolled out a playbook similar to the one used by the cheap chic retailer. He oversaw the decluttering of stores and the debut of lines of bedding, kitchen supplies and more that couldn't be found anywhere else.the company described as
After the company's most recent earnings report in late June, interim CEO and board member Sue Gove said the company's sales results were"not up to our expectations." Plus, he said, Bed Bath wound up compounding pandemic-related supply chain issues. Nearly every retailer coped with congested ports and trucking shortages, but private label merchandise tends to have longer lead times since it's produced and shipped from overseas. National brands tend to have merchandise that can get to stores more quickly from U.S. warehouses, Haas said.
Bed Bath reported roughly $108 million in cash and equivalents as of May 28, down from $1.1 billion a year prior. Its net losses swelled to $358 million from a loss of $51 million in the same period in 2021.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
These Affordable, Mold-Free Bath Toys For Babies Make Bath Time So Much EasierFrom mold-free options to ones that light up, the best bath toys for babies distract and delight them so you can get through cleaning without the fuss.
Baca lebih lajut »
14 Bath Bombs That Will Basically Turn Your Tub into a SpaPrepare for your most relaxing bath ever.
Baca lebih lajut »
ALDI's Name Brand Is Beating Out Costco, Trader Joe's, and Others — Eat This Not ThatA recent report suggests that more and more consumers and catching on to the ALDI private-label brand products this year compared to last.
Baca lebih lajut »
Ulta Forever Fabulous Sale 2022: 8 best deals on celeb-loved beauty productsUlta Beauty’s Forever Fabulous sale includes incredible savings on selected brands – score up to 50% off celeb-loved products.
Baca lebih lajut »
Ben & Jerry’s accuses Unilever of ‘pressure tactics’ in Israel flapBen & Jerry’s sued Unilever to try to stop the sale of its business in Israel to local licensee Avi Zinger.
Baca lebih lajut »