Bed bath & beyond says experiencing short-term pain in efforts to stabilize business

Bed bath & beyond inc. provides update on fourth quarter financial performance.bed bath & beyond - experiencing short-term pain in efforts to stabilize business, including pressures of store traffic trends, executional challenges.bed bath & beyond inc - for first two months of fiscal 2019 q4 company's comparable sales declined 5.4%.bed bath & beyond inc - on a directional basis, prelim comparable sales from stores declined nearly 11% in december 2019/january 2020.bed bath & beyond inc - on a directional basis, comparable sales from stores declined nearly 11% for first two months of fiscal 2019 q4.bed bath & beyond inc - on a directional basis, in prelim december 2019/january 2020, comp sales from digital channels grew about 20%.bed bath & beyond inc - inventory within certain key categories in bed bath & beyond assortment was too low or out-of-stock during holiday period.bed bath & beyond inc - immediately reforming internal planning and inventory management procedures to master fundamentals..bed bath & beyond inc - gross margin during first two months of fiscal 2019 q4 declined around 300 basis points.bed bath & beyond inc - dec 2019/jan 2020 gross margin declined primarily due to unfavorable impact on merchandise margin from promotional activity.
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