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Bed Bath & Beyond shares omnichannel insights
The new fiscal year is off to a good start at Bed Bath & Beyond according to CEO Steve Temares who credits a wide range of omnichannel initiatives.
Sales in Bed Bath & Beyond’s first quarter ended May 30, increased 3.1% to $2.738 billion and same store sales increased 2.2%. Net income declined to $158.5 million from $187.1 million while a strong stock buyback program allowed earnings per share to remain flat.
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Industry Comment: Ahold-Delhaize merger
New York -- Dutch supermarket giant Ahold has agreed to buy Belgian rival Delhaize, creating the sixth largest food retailer in the United States. Keith Anderson, VP of strategy & insights for Profitero, and formerly a retail analyst with RetailNet Group, offers his thoughts on what led to the merger, and what it may bring.

