The retailer's struggles run deep.
News & Analysis: Bed Bath & Beyond
Steven Temares has stepped down as CEO of Bed Bath & Beyond after 16 years -- the last three of which have been quite dreadful.
With mounting pressure from activist investors, the home-goods retailer's CEO has stepped down.
But it's not nearly enough to stop a showdown with activist investors.
Poor earnings and other bad news held some stocks back.
It seems activist investors finally got their way.
Management is asking shareholders to trust in their plan, but what do they have to show for it?
A consortium of major shareholders is pressuring the management team, but company leadership wanted to leave investors with these key takeaways after a tough fiscal 2018.
The retailer makes rosy promises about its long-term growth, but its activist investors don’t seem impressed.
Despite a reasonably strong quarter and solid full-year earnings guidance, these investors reiterated their call for change.