Retail News

Bed Bath & Beyond’s strategy needs a reset

Reported by Retail Dive, Caroline Jansen on Nov 3, 10:35 AM ET

The company, now known as Neighborhood Intelligence, relied on acquisitions to expand its business beyond retail. With two deals called off, where does that leave its turnaround? At the start of the year, CEO Marcus Lemonis laid out a plan that focused on three pillars : omnichannel retail, home services and home ownership. A big part of that strategy relied on acquisitions as a way to build out its company and move into areas beyond traditional retail.

Read the full story at Retail Dive

This is a short excerpt credited to Retail Dive; the full article is on the publisher's site. CheckDealsDaily doesn't edit or verify third-party reporting. Prices mentioned in news stories can change — check the verified deals for prices we track.

More Retail News

See all

Retail DiveNov 3, 11:36 AM ET
At Home taps former CFO as new chief executive
Judd Nystrom returns to the company’s C-suite several years after supporting its move into the public trading market. At Home is betting on company experience by tapping a former executive as its new CEO. "Judd combines deep familiarity with At Home, strong financial discipline and a commitment to developing people," John Eck, executive chairman of At Home, said in a statement. "He understands the work underway and the opportunity ahead.
Retail DiveNov 3, 11:28 AM ET
With new ownership, Lee eyes activewear and workwear
The denim label is officially part of the Authentic Brands Group stable and will expand into adjacent “lifestyle offerings.” The deal — which could add up to $1 billion based on Lee’s performance — was announced in May and closed Tuesday. Authentic has already lined up a series of operating partners for the denim brand, including One Jeanswear Group in the U.S. and Canada; Experience Group in Europe; HiMaxx in China; and Union Group in Mexico.
Retail DiveNov 3, 10:59 AM ET
AI recommendations are leading to returns
The problem may not have to do with the technology itself, but rather the product description data, according to a new report. Despite the promise of deeper personalization, AI agents aren’t yet able to bypass the thorny issue of returns . However, the reasons for the return of AI-recommended products differ from those in more traditional retail channels. While incorrect size or fit is the most common factor leading to U.S. returns in general (42%), according to the survey, the most frequently cited problem with AI-recommended products is that the item doesn’t live up to its description.
Retail DiveNov 3, 10:06 AM ET
Why J.C. Penney is taking on deal fatigue for its holiday campaign
Marisa Thalberg, chief customer and marketing officer at parent Catalyst Brands, explains the retailer’s focus on real people and no-fuss ways to save. J.C. Penney is attempting to alleviate the deal fatigue felt by consumers headed into the holiday season with a new campaign focused on value and no-fuss ways to save, according to details shared with sister publication Marketing Dive. The retailer’s holiday campaign launched Monday across TV, online video, audio and paid social and spotlights real deal-scoring J.C. Penney shoppers.
Retail DiveNov 3, 7:00 AM ET
Holiday shoppers only want a dash of AI for the gift hunt
Price comparisons and narrowing down gift ideas are some of the ways consumers are using AI this season. But maintaining autonomy in the buying process remains important to shoppers. Consumers this holiday season might use AI tools to help inspire their gift purchases and compare prices — but they won’t be giving up all the decision making to technology. While AI adoption throughout the shopping journey still has a ways to go, consumers' interest and experience with it has improved since last year.
Retail DiveNov 2, 12:24 PM ET
Boot Barn ramps up store openings despite lowering outlook
Warm weather impacted some sales in the second quarter, but the retailer is refreshing key assortments as it accelerates its footprint expansion. A lowered outlook, a hit to the women’s boot category and unusually warm weather aren't stopping Boot Barn from expanding. “While recent results demonstrate the opportunity to outperform our projections, we continue to underwrite new locations to approximately $3.2 million in first-year sales, consistent with our historical approach,” CEO John Hazen said on a call with analysts Wednesday.

More Retail News

At Home taps former CFO as new chief executive

With new ownership, Lee eyes activewear and workwear

AI recommendations are leading to returns

Why J.C. Penney is taking on deal fatigue for its holiday campaign

Holiday shoppers only want a dash of AI for the gift hunt

Boot Barn ramps up store openings despite lowering outlook