Bed Bath & Beyond taps former Target exec as CEO
NEW YORK — Struggling home goods chain Bed Bath & Beyond has named Target’s former chief merchandising officer to be its new CEO and president.
The Union, N.J.-based chain says that Mark Tritton, a 30-year-retail industry veteran, will assume the top role on Nov. 4.
Shares of Bed Bath & Beyond soared more than 21 percent in after-market trading Wednesday following the announcement.
Bed Bath & Beyond, which also operates buybuy Baby, Christmas Tree Shops and Cost Plus World Market, has wrestled with weak sales amid increasing competition from HomeGoods and Amazon.
