When new Bed Bath & Beyond CEO Mark Tritton came on board four months ago, he said fixing the stores was a huge priority. Which is why his choice to use the majority of a $1 billion CapX spend on stock buybacks and debt service — rather than in the stores — strikes me as an odd choice. I don’t want to say it’s Stupid because he is doing a lot of smart things there, but I don’t get this. Hoping he can explain.
In the meantime, here’s my take on it from The Robin Report: https://www.therobinreport.com/hey-mark-what-about-the-stores/?utm_source=mailchimp&utm_medium=email&utm_campaign=regular&utm_source=The+Robin+Report&utm_campaign=266e6ad232-Hey+Mark%2C+What+About+the+Stores%3F&utm_medium=email&utm_term=0_e90268c709-266e6ad232-201764105