Bed Bath & Beyond president CEO Mark Tritton told CNBC, “When the home is everything, we’re really poised to be the epicenter of that.”
Improving digital marketing and e-commerce sales have been the major focus for the company as it attempts to increase its online presence during the pandemic, which is keeping so many at home and out of brick and mortar stores.
In addition to its contactless curbside pickup offer, the company is also offering same-day delivery. This is a move that was inspired by competitors like Target, Walmart, and Lowes.
With so much of the future environment still very uncertain, Bed Bath & Beyond abstained from providing forward fiscal guidance. While understandable, this should remind investors that an end to the pandemic and a return to the workplace for consumers could mean an end to the company’s recent success.
On the other hand, with so many companies realizing they can be just as efficient allowing employees to hunker down and work remotely from home, work from home options and hybrid work schedules could very well be here to stay. This is a change that would keep Bed Bath & Beyond very relevant to consumers looking to improve their new home offices.
