Thread regarding Bed Bath & Beyond layoffs

Business model problem

My store has also closed. Honestly, I expected it, I assumed it would happen. I hope everyone affected was prepared to hear such news. What is obvious is that despite everything, despite finding various excuses, from pandemics to other things, the real truth is that the culprit for all this is the business model. This kind of management would destroy even the world's most stable companies very quickly, right?

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Post ID: @OP+1eD7FAlM

6 replies (most recent on top)

When q2 was bad the cmo was fired. Now who will take the fall?

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Post ID: @2awl+1eD7FAlM

At this point you have to wonder about Harmon/Face Values and buybuyBaby. How much more money can this company hemorrhage before cutting back brick and mortar stores in these concepts? I find it hard to believe that Harmon stores are worth keeping and paying a lease on. How much money is being lost with that concept? The entire BBB umbrella is in serious trouble.

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Post ID: @1eys+1eD7FAlM

something big will be announced tomorrow, no doubt. not sure what the chief executioner and chief fudge can do anymore...while the chief clueless and chief shrinkage run this company to the ground with their big egos and mass incompetence

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Post ID: @1hvq+1eD7FAlM

We thrived on assortment and service in the past, it’s what differentiated us. We needed to find a way to maintain that while cutting back the number of stores. We lose out on all those impulse buys. Over the past few years it’s like we were trying to give our customers a reason to NOT shop with us.

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Post ID: @1aqf+1eD7FAlM

Billions wasted buying back stock instead of investing in the engine of the company— the stores!
The home goods segment has thrived with all the stimulus money in the economy and sadly BBB has missed the boat.
And now it’s reported that Amazon has taken lead in registry of all things.
You’ve gotta figure it’s not too comfortable up in Jersey right now.

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Post ID: @ont+1eD7FAlM

It’s truly a shame. We were once a juggernaut.

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Post ID: @yxl+1eD7FAlM

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