Bed, Bath & Beyond Tried to Clean Up, but Lost Sales
Business Wars Daily
Audible
4.6 • 717 Ratings
🗓️ 8 February 2022
⏱️ 5 minutes
🧾️ Download transcript
Summary
Today is Tuesday, February 8, and we're looking at Bed Bath & Beyond vs. Target.
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Transcript
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| 0:49.2 | Thank you. From Wondry, I'm David Brown, and this is Business Wars Daily on this Tuesday, February 8th. |
| 1:07.9 | A few years back in before times, before the pandemic, that is, bedbath and |
| 1:13.3 | beyond decided to put some of its decluttering expertise to work for itself. CEO Mark Tritton |
| 1:19.3 | thought that what the store needed was a clean sweep. Too many options and too much in-store |
| 1:24.9 | chaos led to so-called purchase paralysis. He wanted the home |
| 1:29.3 | goods retailer to clean up its act, marketplace reports. So Bed Bath and Beyond did some tidying up that |
| 1:35.1 | included closing underperforming stores and reducing inventory, focusing on more profitable |
| 1:40.7 | private label products. The goal was to create a more organized, clutter-free |
| 1:45.3 | experience for shoppers. But the very moves that were supposed to improve customer appeal |
| 1:50.4 | left it vulnerable to the supply chain issues that have plagued retailers throughout the |
| 1:55.3 | pandemic, according to the Wall Street Journal. Streamlining inventory made it tougher |
... |
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