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Bed Bath & Beyond quarterly loss widens on merchandising issues

Bed Bath's stock and fortunes have slumped after its move to sell more store-branded products flopped and led to a reshuffle of its management team earlier this year

Photo: Bloomberg
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Photo: Bloomberg

Reuters
Bed Bath & Beyond Inc on Thursday reported a bigger quarterly loss as the embattled home goods chain struggled to stock its shelves with in-demand styles and people cut back on spending amid decades-high inflation.
 
Once known to be a "category killer" in home goods, Bed Bath's stock and fortunes have slumped after its move to sell more store-branded products flopped and led to a reshuffle of its management team earlier this year.
 
The big-box chain now aims to attract more consumers by selling more national brands and dishing out coupons, but has a mountain to climb, with people spending

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