Bed Bath & Beyond to invest $1B in store upgrades and buybacks

Bed Bath & Beyond will spend $1 billion on upgrading its stores and lease buybacks in an attempt to turn around the business after an underwhelming holiday season. The company announced Tuesday it will spend $400 million on store remodelling and supply chain upgrades, according to CNBC. It has allocated a further $600 million to for share repurchases and debt reduction. New CEO Mark Tritton, who joined the company in November, told CNBC that the

source https://therealdeal.com/2020/02/19/bed-bath-beyond-to-invest-1b-in-store-upgrades-and-buybacks/