Bed Bath & Beyond hunts down stocks and bets on a new concept

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4 November 2020 à 15h32

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2 minutes

Publication: 4 November 2020 à 15h32

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Publication

4 November 2020 à 15h32

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2 minutes

Publication: 4 November 2020 à 15h32

Reading time: 2 minutes

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According to C.E.O. Marc Tritton (ex-Target) with results for American chain Bed Bath & Beyond (for the second quarter of 2020, closed at the end of August), the firm is ready to return to growth at the completion of a transformation to digital services. Declining since 2016, the specialised supplier of decoration and home furnishings reported sales of US$2.7 billion, (i.e. a slight fall of only 1% in the midst of the Covid-19 crisis). However, digital sales grew by 89%. 

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