The bad news at Bed Bath has become as ubiquitous as their 20 percent-off coupons. After another disappointing quarter that saw negative comps – for the ninth time in the past ten quarters – an earnings miss and continued erosion in its gross margins, Bed Bath & Beyond endured the inevitable fallout: another drop in it share price, this time by 21 percent. This could be largely the result of a new chief merchant at Bed Bath. This marked Johnson’s first time leading that staff at a major trade show -- the New York Home Fashions Market -- since Stark’s departure. Sales of home textiles products, which includes sheets, bedding, towels, bath accessories, curtains, rugs and table linens, represent just under 40% of Bed Bath’s overall sales so the show is a major event for the store’s merchants.

Source: Forbes September 29, 2018 22:18 UTC