BedBath&Beyond.com CEO Jonathan Johnson said the company invested $150M to launch the brand, reignite the customer profile and ensure it maintained its core customers.
Jonathan Johnson, the CEO of the newly revived BedBathandBeyond.com, reinstated rewards points to former loyalty customers, re-issued the blue 20% off coupons that were synonymous with the retail brand and expanded its inventory selection to give them an edge as the holiday season kicks off.
Given the company's business model, Johnson said they also don't have to worry about running out of stock even for the most popular products. "Every holiday there's always something that's hot that sells out," Johnson said. "With our asset light model, it's in our stock until it just doesn't exist anymore. If the manufacturer has even one left, we have the ability to sell it.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley names Ted Pick as investment bank's next CEO, succeeding James GormanBank veteran Ted Pick will become the next CEO of Morgan Stanley. Pick will succeed Morgan Stanley’s long-time CEO James Gorman effective Jan. 1. And Gorman, who announced his plans to step down in May, will remain at the Wall Street bank as executive chairman of the board. Pick has served as co-president of Morgan Stanley for the past two years.
Read more »
Morgan Stanley’s new CEO Ted Pick has ‘big shoes to fill,’ analyst saysMorgan Stanley’s new chief executive faces asset-management headwinds, a muted investment-banking business and challenges in managing former peers
Read more »
Great American Family CEO: Candace Cameron Bure is 'not speaking' for the network“It’s like the disclaimer you see at the end of a movie or a series that says, ‘The views reflected here are not necessarily those of the company,'” the executive said.
Read more »
Silverstein Properties Parts Ways With CEO Marty BurgerLisa Silverstein, Chairman Larry Silverstein’s daughter, tapped as new chief
Read more »
Sphere Gives CEO Jim Dolan Options Grants Worth $17 MillionThe Sphere arena in Las Vegas recently opened to rave reviews.
Read more »
Wokewashing undermines the credibility of CEO sociopolitical communications: StudyCEOs are increasingly participating in sociopolitical debates. However, their efforts can be ineffective, or even backfire, if consumers view the statements as unauthentic, according to a new international study.
Read more »