A timeline of Bed Bath & Beyond’s downfall

October 2019: Bed Bath & Beyond taps Mark Tritton, Target’s former chief of merchandising, as CEO. BBBY price soars 21% on the news, reaching over $50 per share.


April 2020: BBBY stock falls below $4 per share as the covid-19 pandemic causes a moratorium on in-store shopping.

June 2021: BBBY stock jumps as much as 30% part of the ‘meme stock’ phenomenon after most covid-19 restrictions are lifted.


March 2022: Chewy billionaire Ryan Cohen (who became GameStop chairperson after getting behind the meme stock rally) buys a 9.8% stake in Bed Bath and Beyond, outlining a roadmap to restore the brand’s credibility.

June 2022: Tritton is fired as CEO after sales plunge by 25% in the first quarter of 2022. Current CEO Sue Gove takes over.


August 2022: BBBY stock jumps over 70% in a single day, even as sales and profits continue to slide. Later in the month, a shareholder sues the company, accusing its CFO Gustavo Arnal of conspiring with Cohen in a pump-and-dump scheme. Arnal dies by suicide a few weeks later.

January 2023: Bed Bath & Beyond ends 2022 with over $1 billion in debt and floats the possibility of declaring bankruptcy in the coming months.


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