Can These Changes Spur Growth for Bed Bath & Beyond?
If you're tired of searching for the perfect mixing bowl out of the myriad options at Bed Bath & Beyond (NASDAQ: BBBY), you might want to give the chain another chance.
On Feb. 18, the housewares giant announced a $1 billion plan to reinvigorate its business. The cash will be split between share buybacks, debt repayments, and store renovations, but the company warned that it expects to see benefits only long term.
The announcement came after a previous release of dismal holiday results. Can these changes turn things around for the struggling company?
Source Fool.com
