Bed Bath & Beyond Stock Won’t Be Making a Comeback

Published by
The Street

By Daniel Kline The retailer has a new strategic plan. History says it won’t matter. Best Buy (BBY) – Get Best Buy Co. Inc. Report has a fairly unique story in the retail world. The electronics chain appeared to be on its way toward bankruptcy when it made the unconventional choice to hire Hubert Joly — an executive with a hospitality background — to take over the chain. At the time, that move seemed like a misstep, but it turned out to be one of the best hires it retail history. Joly stepped in and basically changed everything for the retailer. He made painful choices to lower prices, inves…

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