What Went Wrong at Bed Bath & Beyond?
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 22 August 2022
⏱️ 16 minutes
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| 0:00.0 | Bed Bath and Beyond is a store that sells, well, exactly what you'd expect. |
| 0:11.1 | Stuff for your bedroom, your bathroom, and beyond, like your kitchen. |
| 0:16.2 | And for a long time, it was a leader in the Home Goods market. |
| 0:19.9 | Bed Bath and Beyond was sort of one of, you know, a last of that breed of store where |
| 0:26.0 | you could go in and they sort of, anything for the home pretty much you could find there. |
| 0:30.7 | It was like a treasure hunt feeling like you never knew what you were going to find there. |
| 0:35.3 | Our colleague Suzanne Capner covers Bed Bath and Beyond. |
| 0:38.6 | And she says that lately, the company's been struggling. |
| 0:42.1 | And they had been really so successful until very recently, and it's just in the last |
| 0:47.5 | couple of years that they've really gone downhill in a big way. |
| 0:51.2 | Bed Bath and Beyond tried to reinvent itself a few years ago to try and save itself from |
| 0:55.1 | extinction. |
| 0:56.6 | But Suzanne says it didn't work out well. |
| 0:59.3 | And now it's facing an existential crisis. |
| 1:02.7 | The underlying business is struggling sales, you know, are down a lot. |
| 1:07.8 | Customers are fleeing. |
| 1:09.6 | They're running out of money. |
| 1:11.2 | So they've got some real fundamental challenges. |
| 1:16.7 | And last week, its highest profile investor dumped all of his shares of the company and |
| 1:21.6 | its stock price tanked. |
| 1:24.5 | How much trouble could Bed Bath and Beyond be in if they don't turn it around? |
| 1:29.6 | You know, I'm not going to sit here and say they're heading into bankruptcy, but I have |
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