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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Bed Bath and Beyond Inc | NASDAQ:BBBY | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0751 | 0.0693 | 0.0695 | 0 | 01:00:00 |
From May 2019 to May 2024
By Josh Beckerman
Bed Bath & Beyond Inc. (BBBY) said its strategy will include an "aggressive reduction of up to $1 billion of inventory" over the next 18 months, which is expected to result in "newness and higher-margin products."
The retailer also said it plans to name a "world-class" chief executive in the coming weeks.
In an update on its transformation plans, Bed Bath & Beyond said a "rapid refresh" is underway at nearly 160 stores. This effort is expected to be completed before the 2019 holiday season, offering "clearly visible" physical improvements intended to improve the shopping experience.
The company previously mentioned goals including driving top-line growth and improving its cost structure.
Shares were flat after-hours at $9.46.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 04, 2019 17:17 ET (21:17 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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