● When other well-known stores spiraled into distress in recent years, the internet often took the b

● When other well-known stores spiraled into distress in recent years, the internet often took the blame. But the case of Bed Bath & Beyond is more complicated. While the chain was hurt by online rivals like Amazon, its undoing is also a story of how deciding to rip it up and start again can leave a company in tatters.● Layoffs, management changes, boardroom shake-ups, stock buybacks and strategic overhauls are go-to maneuvers for modern business, and Bed Bath & Beyond tried them all. At nearly every recent turn, the company took steps that led it deeper into a financial quagmire. ● At its peak in 2017, Bed Bath & Beyond had 1,560 stores with 65,000 employees, bringing in $12.3 billion in revenue. But in the nine months through November 2022, it posted sales of just $4.2 billion, and its headcount dwindled to fewer than 30,000. ● Tap the link in our bio for more. (📸: Bruce Bennett/Getty Images)
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