#Bed bath and beyond wedding registry update#

Bed Bath & Beyond declined to make Gove available for further comment for this piece, saying the CEO would provide an update publicly on Thursday when the company reports quarterly earnings.Īs for those notes? Well, it’s possible that the vendors were just being polite with a declining but still sizable customer. While no vendors have said publicly that they would pull back either partly or altogether from Bed Bath & Beyond, the company acknowledged in August a number of them have tightened their financing terms. “That’s come in the form of thank-you notes.” She went on to say there has been a “wide, open-armed embrace” of Bed Bath & Beyond’s old-is-new strategy. “One of the most telling pieces to me, in terms of their receptivity, is how they are parroting back to us our strategy,” Gove replied. The retailer was now pivoting back to national brands in its umpteenth turnaround attempt would they be willing to keep its shelves stocked in the upcoming holiday season and beyond? After all, they’d been burned by the company two years ago, when it shifted its focus to building its own brands. In late August, Gove was asked by a Wall Street analyst how she could be so sure that those vendors would be willing to work with Bed Bath & Beyond. (Its business crisis was thrust into an even wider spotlight, in early September, by the suicide of Gustavo Arnal, who was reportedly deeply anxious over the condition of the company.)īut Gove, a board member who took the reins in June after Bed Bath & Beyond abruptly ousted CEO Mark Tritton, insists that she still has the trust of vendors-the big national brands that make the sheets, home goods, and other staples on whom the retailer’s survival depends. The company has been plagued for years by plunging sales, lightning-fast cash burn, and a depleted C-suite.

Those are what Bed Bath & Beyond’s interim CEO, Sue Gove, has said give her succor as she tries to dig the deeply troubled home goods retailer out of a massive crisis.