Bed Bath & Beyond (BBBY) shares tank on supply chain issues
Bed Bath & Beyond (BBBY) shares tank on supply chain issues
Bed Bath & Beyond shares tanked 22% Thursday as the company said it saw a steep drop-off in shopper traffic in August, dealing a blow to its fiscal second-quarter results.
The big-box retailer is also dealing with industrywide supply chain complications, which Chief Executive Mark Tritton said have been “pervasive.” He said the company’s costs escalated over the summer months, especially toward…