Bed Bath & Beyond Inc. swung to a loss in the latest quarter, weighed down by weaker sales during the holiday period, as the company’s new Chief Executive Mark Tritton aims to turn around the troubled retailer. The home-goods retailer withdrew its fiscal 2019 guidance and said that it would unveil a new strategic plan soon. Bed Bath & Beyond has been conducting a strategic review of its portfolio, which totals roughly 1,500 stores including the Buy Buy Baby and Christmas Tree Shops chains.

Source: Wall Street Journal January 08, 2020 23:37 UTC