Is Bed Bath & Beyond Stock a Buy?
Bed Bath & Beyond's (NASDAQ: BBBY) stock has dropped more than 40% over the past five years as the retailer has struggled against rivals like Amazon, Walmart, Target (NYSE: TGT), and IKEA. Its management also failed to stop the bleeding as it faced accusations of nepotism and self-enrichment.
But in 2019, activist investors ousted CEO Steven Temares and replaced him with Mark Tritton, Target's former chief merchandising officer. Tritton replaced most of the company's C-suite, divested its real estate and non-core banners, and launched fresh plans to renovate its stores, improve its supply chain, and expand its e-commerce ecosystem.
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Source Fool.com
