Bed Bath & Beyond Inc

A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location.Scott Mlyn | CNBCBed Bath & Beyond's chief customer officer, Rafeh Masood, has resigned, marking the latest leadership change at the embattled retailer.Masood also held the role of chief technology officer. His resignation is effective as of Dec. 2, the company said in a regulatory filing.Bed Bath & Beyond said the departure is "not the result of any disagreement" with the company on any matter relating…

A person exits a Bed Bath & Beyond store in New York City, June 29, 2022.Andrew Kelly | ReutersBed Bath & Beyond said Wednesday that it has appointed interim Sue Gove to the position permanently.Shares fell about 8% in premarket trading on Wednesday after the announcement. The stock has fallen about 63% so far this year as of Tuesday's close. The company's market cap now stands at about $425 million.Gove, a company board member and longtime retail consultant, is stepping into the role at a pivotal time for the…

Some of Caraway's pots and pans are now sold by Target stores. About 350 of the big-box retailer's locations are carrying the products in time for the holidays.Courtesy of CarawayOnline cookware company Caraway is making its biggest push yet into brick-and-mortar stores, with its pots and pans debuting in 350 Target stores this week.Target will become the largest retailer to sell the brand in stores. Select Caraway products also are sold in 80 Crate & Barrel stores, 80 Bed Bath & Beyond stores and 20 Nordstrom…

An employee arranges Apple iPhones as customer shop at an Apple store.Mike Segar | ReutersCheck out the companies making headlines in midday trading.Apple — The big technology stock shed 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and cut its price target to $160 a share from $185, citing macroeconomic challenges ahead.related investing newsCooling demand means raising prices becomes a test of how well companies know their customersCarMax — The used auto…

A customer carries a Buy Buy Baby shopping bag in New York, US, on Thursday, Aug. 25, 2022.Gabby Jones | Bloomberg | Getty ImagesBuybuy Baby has been a rare bright spot for struggling Bed Bath & Beyond.On Thursday, however, the baby gear chain reported a steep quarterly sales drop — raising eyebrows and prompting concerns that it may also be losing customers.Buybuy Baby's comparable sales declined by a high-teens percentage compared with a year ago in the three-month period ended Aug. 27. At Bed Bath & Beyond's…

Check out the companies making headlines before the bell:Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relatively well in a down market, but it expects a negative impact on the company from weakening consumer demand.CarMax (KMX) – CarMax shares slumped 12.1% in premarket trading after the auto retailer missed estimates on both the top and bottom lines for its latest quarter. CarMax said "affordability challenges" led to a sharp drop in…

A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City.Michael M. Santiago | Getty ImagesBed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers.Here's how the retailer did in the three-month period ended Aug. 27 compared with what analysts were anticipating, based on Refinitiv data:related investing newsCooling demand means raising prices becomes a test of how well companies…

A person exits a Bed Bath & Beyond store in New York City, June 29, 2022.Andrew Kelly | ReutersBed Bath & Beyond is betting on a drastic change in strategy and well-recognized brands to revive its struggling business. But the retailer's strained relationships with suppliers of products such as air fryers and stand-mixers – some of which were missing from shelves two holiday seasons ago – could leave stores without hot items once again. Out-of-stock products could cripple Bed Bath's already-declining sales and push…

Bed Bath & Beyond has announced dozens of the roughly 150 stores it plans to close.The struggling home goods retailer released its plans last month to shutter the "lower producing" locations, representing about 20% of its namesake stores.The closures are part of a broader plan to try to stabilize the company's finances and turn around its declining sales. In late August, Bed Bath secured more than $500 million in new financing, including a loan, ahead of the key holiday season. Its workforce is getting smaller, too,…

Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York.John Minchillo | APGameStop is adding NFT trading cards for the virtual game Gods Unchained as a perk for its loyalty program members as the legacy retailer works to deepen its reach into the crypto-centered web.The partnership marks GameStop's latest venture with cryptocurrency and non-fungible tokens, which are unique digital assets, as the struggling retailer works to transform its business.…