Thread regarding Bed Bath & Beyond layoffs

Some Bed, Some Bath, Nothing Else

Let's see the BBB cheerleaders put a positive spin on this. Yep, the people at the top really know what they are doing. Keep telling yourself that.

https://www.fool.com/investing/2022/01/30/bed-bath-beyonds-pandemic-plans-completely-backfir/

If you're looking for a MasterClass on the Dos and Don'ts of retail business, Bed Bath & Beyond may have some lessons to teach— with an emphasis on Don'ts.

At the onset of the pandemic, the big box home goods store made a couple of key tweaks in hopes of improving its shopping experience. Now, nearly two years later, the results are painfully clear: the decisions were beyond d-mb.

In an attempt to "declutter" its store, Bed Bath & Beyond reduced the number of products at its locations and swapped many big, national brands for newly launched private labels. But the change just ended up frustrating shoppers, who, apparently, like a big, messy store. Or, at least an organized mess as a necessary side effect of optionality.

Worse, streamlining its in-store shopping experience left the chain even more vulnerable to supply chain turbulence:

During the holiday shopping season, Bed Bath & Beyond faced a shortage of its 200 top-selling items, which cost the company $100 million in lost sales by the end of the most recent quarter, according to CEO Mark Tritton.

While competitors Target and HomeGoods stores under the TJ Maxx umbrella saw double-digit year-over-year increases in sales last Fall despite similar supply chain issues, sales at Bed Bath & Beyond fell 10% in its most recent quarterly earnings report.

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| 2031 views | | 16 replies (last February 5, 2022) | Reply
Post ID: @OP+1f49X0AK

16 replies (most recent on top)

Maybe there are two shills or goons? Maybe one shill and one goon? Who knows?

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Post ID: @5dri+1f49X0AK

https://qz.com/2119168/decluttering-was-a-mistake-for-bed-bath-and-beyond/?utm_source=YPL

Not the Fool. This is Quartz, but go ahead and sink with Bloodbath.

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Post ID: @3bpy+1f49X0AK

Corporate shill? How old are you? You are aware people can disagree with the "we" (you said we) ? I agree with the question of why people seem so unhappy and complain but do not leave??

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Post ID: @2hau+1f49X0AK

We can call you a corporate shill if you don’t want to be called a goon, since you are shilling for corporate.

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Post ID: @2qpf+1f49X0AK

Do Home Goods, Pier 1 imports and Kohl’s have their own cargo ships too? If supply chain issues effect everyone, why don’t their stores look empty like ours?

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Post ID: @2itr+1f49X0AK

Yes..this IS a layoff board but it has evolved into all complaining all the time. I think most people know the state of the company and its poor prognosis. But what good does it do to call people "Corporate Goons" (i highly doubt anyone from corporate decision making process is on this board) ? To make fun of where MT is from? Do insult another country where the call center is now? Its all very very immature and what is interesting is people do not answer why they are still here. Yes..there have been positive posts on here but they are usually met by being mocked. The immaturity on here is unbelievable.

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Post ID: @1bpj+1f49X0AK

BBB has big issues outside of supply chain. Everyone is so quick to blame that but fails to realize their issues started before covid.

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Post ID: @1ydl+1f49X0AK

SMH..there are a lot of miserable people on here who would rather complain and complain then actually do something like get another job that might make them happy

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Post ID: @1oub+1f49X0AK

First off yes supply chain issues are real. There are just about 100 cargo ships out in Long Beach CA, You have to realize that BBB does not have dedicated cargo ships as Cosco, Walmart or Target has. BBB had made the decision of Our Brands well in advance before the pandemic 2019. Then the pandemic hit China was locked down, manufacturing issues, shipping issues and freight issues . BBB hasn’t caught up with shipping and probably won’t for quite some time. Target, Walmart and Cosco also have their own dedicated warehouse and their own trucks

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Post ID: @1cmo+1f49X0AK

How is this rehashing old topics when it is an article posted the same day this was posted with NEW information? Other sites posted the same information as new the exact same day. This is a layoff board, do you expect to come here and see sunshine and rainbows or talk about how amazing this company is when all facts point to they are almost dead and buried? This isn't drowning in misery this is presenting facts so those confident enough with themselves can move on before it is too late. How much more can this company sc--w up and continue to have earnings losses before you tell yourself it would be in your best interest to look for another job? Did you not read that article? MT himself said his decision cost the company 100 million while other retailers in the same timespan had increased sales in the double digit percentage but BBB fell 10%. Stay positive though, all signs point to BBB coming back from the dead.

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Post ID: @1jue+1f49X0AK

so to your point then, why do you keep coming on this board? when is the last time you saw something positive on here about the company? if you're just trying to make the best of it, then stop coming to the place where you know everyone is angry and venting

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Post ID: @1sgc+1f49X0AK

Corporate goon is here defending the poor decisions. “If you don’t like it, get another job “

They are a broken record, work from home, nonsense spreading corporate goon!

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Post ID: @1fez+1f49X0AK

Why do you stay? Theres a few people on here that just keep posting negativity..yet the job market is begging for people? Why keep rehashing the same topics on here day after day? Anyone who slightly disagrees with you is called a corporate goon or some other juvenile name. Maybe we choose to make the best of it..maybe we are choosing to not leave right now but try to stay positive..rather then drown in musery and bring others down with you

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Post ID: @xeu+1f49X0AK

All that combined with over tasking and understaffing has just ki---d us. You can’t win a marathon if you cut your own legs off. And it just blows me away that they don’t see all this and just keep making d-mb decisions!

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Post ID: @kla+1f49X0AK

people want variety, they want options; when the criticisms of stores being cluttered was focused on, it's not that we necessarily had too much, it's that it was unorganized. it's also that we had top stock and mid stock because we lease out smaller retail spaces with less stockroom space to save money. having an owned brand isn't a bad thing, but people have to want it. target's owned brands are good quality, comparable to the major label competitor; same with meijer and other stores. all we did was take our entry level price point brands, like SALT, make them even cheaper (quality wise, not price wise), and change the packaging.

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Post ID: @kig+1f49X0AK

wow! This is a true story. The company was struggling anyway so they decided to put the final nail in the coffin. Will they ever recover? At this point I don't think they can---they lost their customer base. Actually they drove them away!

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Post ID: @jzi+1f49X0AK

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