Following some high-profile executive moves, namely around own brands, Bed Bath & Beyond is seeing a revival.
The home goods chain reported an increase in same-stores sales by 6% in the second quarter ended Aug. 29 — the company’s first comparable sales growth since the fourth quarter of 2016.
A key note in the company’s report is that it expects to continue to see gains going forward by generating a deeper assortment of product, and building more sourcing and supply chain opportunities around its pursuit of store brands.
Bed Bath & Beyond has made moves to show this pursuit. In July the company named Neil Lick its private brands leader, coming from Williams-Sonoma, and in March, the company named Joe Hartsig, a store brands chief at Walgreens, to its chief merchandising role.
These moves of course follow the appointment of Mark Trtton to be the company’s CEO just a year ago after years with Target.