#Bed bath beyond contact email update
#Bed bath beyond contact email free

Previously, Melnick was President, Party City Holdings. Melnick joined Bed Bath & Beyond in 2018 as Chief Operations Officer, Digital.

Gregg Melnick will assume the role of Executive Vice President, Chief Stores Officer, effective May 11, 2020, from his current role as the Company's interim Chief Digital Officer.

Masood was most recently Senior Vice President, Chief Digital Officer at BJ's Wholesale Club, following earlier strategic positions at Dick's Sporting Goods, and Sears Holdings.

Rafeh Masood joins the Company as Executive Vice President, Chief Digital Officer, effective May 11, 2020.

In addition to Arnal, the following appointments represent a diverse group of experienced senior executives with strong track records of success in the retail and consumer products sectors: Bed Bath & Beyond's current CFO & Treasurer Robyn D'Elia is departing the Company. Arnal joins the Company following his previous role as Group CFO of Avon, prior to which he held senior positions at Walgreens Boots Alliance and Procter & Gamble. Shoppers can join for free, or pay $29 annually to move to the Welcome Rewards+ tier, which offers enhanced discounts, points and delivery benefits.This includes the appointment of Gustavo Arnal as Executive Vice President, Chief Financial Officer (CFO) & Treasurer, effective May 4, 2020.

#Bed bath beyond contact email update

UBS says it will be looking for an update on Buy Buy Baby, while Bank of America says a sale of the chain is “increasingly unlikely.”Ī company spokesperson called attention to the launch on Thursday of Welcome Rewards, a loyalty program that spans the namesake banner, Buy Buy Baby and Harmon. Wedbush warns that selling Buy Buy Baby would yield a steep tax liability. The two have since reached a “cooperation agreement.”

#Bed bath beyond contact email free

“While free cash flow pressure should ease in the 2H as inventories normalize, this benefit could prove less material should Bed Bath & Beyond instead find itself over-inventoried amid slowing demand,” wrote Wedbush analysts led by Seth Basham.īed Bath & Beyond had been under pressure from activist investor Ryan Cohen and RC Ventures LLC to explore alternatives for the Buy Buy Baby chain. This will likely keep the stock under pressure for the foreseeable future, in our view,” UBS said.īed Bath & Beyond stock is down nearly 68% over the past three months, trading at $7.09 on Thursday afternoon. “e see significant uncertainty on the business’s near and intermediate term earnings power in light of macro and other challenges. Read: Department stores are at risk from an ‘unprecedented’ level of excess inventory, analysts sayĪlso: Amazon Prime Day will be huge for deal seekers hoping to score a discount amid soaring inflation “We believe rapid inflation, falling consumer sentiment, demand pull-forward, and supply disruption likely drove significant pressure on Bed Bath & Beyond’s 1Q results,” analysts led by Michael Lasser said.Īnalysts, who also conducted their own checks, say more markdowns could be on the way as inventory levels climb. UBS moved its price target down to $5 from $12 and maintained its sell stock rating.

“Bed Bath & Beyond’s liquidity could dry up more quickly if performance worsens faster than expected, management doesn’t cut capex or vendors shorten payable terms.”īank of America rates Bed Bath & Beyond stock underperform with a $3 price objective, down from $8.īank of America was one of at least three research groups to cut Bed Bath & Beyond’s price target. Assuming another $300 million of cash burn in FY24, this would imply $139 million of liquidity by the end of FY24,” analysts said. This will leave Bed Bath & Beyond with total liquidity of roughly $439 million by the end of FY23. “In FY23, we expect Bed Bath & Beyond will burn another $300 million of cash and pay down its $300 million 3.749% notes due August 2024. “We don’t believe comps have since improved,” Bank of America said.Īnalysts also highlight elevated promotions, including up to 50% off of bedding and free same-day shipping, which usually costs $10.īank of America also raised liquidity concerns.

Analysts note that on the last earnings call, Bed Bath & Beyond said quarter-to-date comparable metrics were down about 20%. Is scheduled to report first-quarter results on June 29. MarketWatch reached out to Bed Bath & Beyond, which did not comment on any cost-saving steps. “e believe that Bed Bath & Beyond is trying to quickly trim expenses to align costs with comp declines,” analysts led by Jason Haas wrote in a note published Wednesday.