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Bed Bath & Beyond Grapples With Supply Snags, Slowing Demand

  • Retailer says sales trends have worsened in current quarter
  • Weakness adds fuel to debate about future of baby business
Bloomberg business news
Bed Bath & Beyond Hit By Supply-Demand 'Dumpster Fire'
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Bed Bath & Beyond Inc. blamed an unexpected fourth-quarter loss and slowing sales on global supply-chain disruptions and weakening consumer confidence.

The retailer said Wednesday that an “abnormally high” level of inventory was in transit, unavailable or held at ports through the early part of this quarter. That contributed to a larger-than-expected drop in sales and has thrown a wrench into the company’s plans to reignite growth and improve profitability.