Bed Bath & Beyond Appoints Sue Gove As New President And CEO
(RTTNews) - Bed Bath & Beyond, Inc. (BBBY) announced Wednesday the appointment of Sue Gove as President & Chief Executive Officer. Gove has served as Interim CEO since June 2022.
The appointment was unanimously approved by Bed Bath & Beyond Inc.'s Board of Directors. Gove will continue to serve on the Company's Board.
Under Gove's leadership, the Company will continue to execute its strategic plan, announced on August 31, 2022, with a priority on strengthening its financial positioning, increasing customer engagement, driving traffic, and recapturing market share.
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Bed Bath & Beyond Files For Bankruptcy Protection
Bed Bath & Beyond filed for Chapter 11 bankruptcy protection in New Jersey, but the beleaguered home improvement retailer said its stores and websites will remain open and continue serving customers.
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Bed Bath & Beyond Maintains FY22 Outlook - Update
While reporting financial results for the second quarter on Thursday, beleaguered home improvement retailer Bed Bath & Beyond, Inc. (BBBY) maintained its comparable sales guidance for the full-year 2022.
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Bed Bath & Beyond Says Working Expeditiously To Strengthening Balance Sheet
In response to certain media inquiries, home improvement retailer Bed Bath & Beyond, Inc. (BBBY) said Thursday that it has reached a constructive agreement with RC Ventures in March and are committed to maximizing value for all shareholders.
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Bed Bath & Beyond Q1 Results Miss Estimates
Home improvement retailer Bed Bath & Beyond, Inc. (BBBY) reported on Wednesday a net loss for first quarter that sharply widened from last year, hurt by hefty transient costs related to inventory markdown reserves and port-related supply chain fees. Both adjusted loss per share and net sales missed analysts' expectations.
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Canadian Market Up Marginally In Lackluster Trade
Canadian stocks are moving in a tight band in lackluster trade on Thursday as investors look for directional clues. Trading volumes are quite thin as U.S. financial markets are closed today in honor of former U.S. President Jimmy Carter, who died in late December at age 100.
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Swiss Market Ends Modestly Higher
The Switzerland market, which stayed positive save for a few minutes at the start of the session on Thursday, closed modestly higher, in line with markets across Europe.
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European Stocks Close On Firm Note
European stocks closed broadly higher on Thursday with those from the mining sector turning in a fine performance thanks to higher metal prices. A sell-off in retail stocks, tariff threats by U.S. President-elect Donald Trump, and persisting concerns about inflation limited markets' upside.
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German Industrial Output & Exports Recover
Germany's industrial production and exports rebounded in November but the underlying picture remained pretty grim amid job cuts in manufacturing and the possible hike in trade tariffs by the U.S. Industrial output increased a more-than-expected 1.5 percent on a monthly basis, in contrast to the revised 0.4 percent decrease in October, data from Destatis revealed Thursday.
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