Bed Bath & Beyond will unveil its turnaround plan Wednesday. Here are 5 issues investors want addressed - 30 august 2022
Bed Bath & Beyond (US.BBBY) has had an especially turbulent few months. Earlier this summer, its board pushed out two Target veterans who helped shape its turnaround strategy, CEO Mark Tritton and Chief Merchandising Officer Joe Hartsig. It drew criticism from activist investor Ryan Cohen, who went public with his stake in the company in the spring. Its stock, a darling of the meme stock frenzy, rocketed up and then plummeted when Cohen sold off all of his shares. Its shares rallied on Monday, rising nearly 25% to close at $13.35.