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2022-09-06

Condolences to the family

Bed Bath & Beyond Names Interim CFO After Executive's Death

Bed Bath & Beyond Inc named accounting head Laura Crossen as interim chief financial officer followi

Bed Bath & Beyond Names Interim CFO After Executive's Death

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The COVID-19 pandemic, supply chain crunch and consumer pullback on shopping due to sky-high inflation also hit the chain&#39;s sales.</p><p>Last week, Bed Bath &amp; Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business.</p><p>The company, as well as Arnal, were also sued on Aug. 23 over accusations of artificially inflating the firm&#39;s stock price in a &#34;pump and dump&#34; scheme, with the lawsuit alleging Arnal sold off his shares at a higher price after the scheme.</p><p>The company said it was &#34;in the early stages of evaluating the complaint, but based on current knowledge the company believes the claims are without merit.&#34;</p><p>The retailer&#39;s share were down over 14% in morning trading.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bed Bath & Beyond Names Interim CFO After Executive's Death</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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