Bed Bath & Beyond Inc. today announced the appointment of W E H as Senior Vice President (SVP), Real Estate and Construction, effective today. Mr. H joins with over 25 years of real estate experience and will lead the Company's recently announced store optimization strategy, a key part of its previously disclosed comprehensive restructuring plan.
Another high priced VP, yet so many employees terminated.
By laying off all those people now they could afford a new VP of Real Estate and Construction. Plus hire some people for his team, makes sense....
everyone who pisses and moans about how much the HIGH UP corp people make need to grow up shut up and go get a HIGH UP corp job or stop bitc%ing cause all corp high ups make big money you people really dont understand the nature of the business do you
i find it funny how you people are so bold on giving "info" but dont use names lol
Look it up and read about his former employer. They were almost 10 bucks a share last year and today that stock is 38 cents a share. Also, read fine print/disclaimer that BBBY put at bottom of announcement pertaining to COVID19 , civil unrest, and natural disasters. My guess is that they get their properties appraised for top dollar and pray that something happens so they can get out of the leases and have insurance companies pay them. That money will not go back into the stores rebuilding, but will go into the pockets of the Board , and MARK TRITTON. 269K a week for TRITTON? Please!!!!
They need to fix the online service. Complaints, delays in shipping, bad customer service when calling their 800 customer service number. This will sink the ship
My store is a fulfillment store and even though the in store sales are a little slow we are beating last year’s sales through the fulfillment part. Being open less hours due to COvid we are still doing well.
Expanding Baby is a brilliant idea. I think Babies R Us left them a huge opportunity. MT is so smart he probably sees all this. Damn genius. Wait till the world figures out that there are 300 Bed Bath stores doing $15mm in sales and then a bunch that s— and need to be closed. This chain will be minting cash.
The old chairman’s son owned a company that was 35 million in debt but BBB bought it for like 80 million as an investment. So they threw money away to save family in a public company. There is so much back story of shading deals and nepotism. They made sure that any profit BBB made went to the family and the shareholders who were close friends of the initial founders of the business. MT may be doing some crazy stuff but nothing compared to the past leaders.
The old vps and leaders of the company literary bled the company dry. As long as they got their money they didn’t care. Keep the shareholders and board happy. At least MT is moving forward to try to make improvements. It has hurt so many people in the past few weeks but it may help in the long run.
His role will be reconstructing the remaining stores into the new retail format they are releasing. They are also planning to mass expand baby stores in the next 2 years. They are experiencing more of the hay day that bbb used to have back in the day. They are also talking about closing bbb stores in markets that have multiple stores, and open baby stores in their place.
"Construction" Ought to me "DECONSTRUCTION". They are going to sell any property they have and close the doors. Mark Tritton will be millions richer. Wake up everyone. The pay rate for CEOs is beyond reprehensible, especially when BBB is going down the tubes. Mark Tritton is more like a plumber - he is there to unclog the toilet, and take your money. See him for who he really is. His pay is criminal, but some of you "sheeple" will actually defend him.
Thinking expert to renogiate lease terms?
Are they bringing this guy in to do a KIMCO thing and unload properties or what? Or do they try and build more Malls of the Dead with smaller stores? They are one of few occupants in so many MODs already!
How many properties does Bloodbath actually OWN? Only ones I know of are all leased. KIMCO (Kmart's real estate) wing came in and sold real estate to places like Mariano's/Kroger, etc, when the locations were no longer profitable.
We are still busy fighting lawsuits for unpaid rent. And mgmt is playing dumb about it.
Did I read about an insider claiming the new BBB moniker will be Baby & the Bath Water?
Just askin'.
Super exciting that we added a new employee. I liked they added construction to his title. We have new stores to build as we expand Baby.
This is a train wreck: KHs in short supply, ASMs and FTs that were let go being asked to come back PT, PTs walking around in a daze not knowing what to do; customer service long gone, ad infinitum.
Well, at least we have another VP.
https://www.prnewswire.com/news-releases/bed-bath–beyond-inc-hires-industry-expert-wade-haddad-to-lead-store-optimization–real-estate-strategy-301122710.html
This has to be a joke right!?