Marcus Lemonis named Bed Bath & Beyond CEO, details future plans for retailer
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Marcus Lemonis named Bed Bath & Beyond CEO, details future plans for retailer. Executive chairman outlines acquisition plans and new revenue streams after retailer closed all stores in 2023. Executive Chairman Marcus Lemonis tells 'The Big Money Show' that Bed Bath & Beyond will relaunch 300 stores nationwide - excluding California - while blasting high costs, strict regulations, and weak crime enforcement. Bed Bath & Beyond on Monday named Executive Chairman Marcus Lemonis as its new chief executive. In a letter to shareholders on Monday, Lemonis, who will continue serving as executive chairman, outlined plans to help the company cut costs and pursue expansion opportunities, including acquisitions. "I have always felt that home ownership is a bedrock of the American Dream. Whether someone is renting their first apartment, living in student housing, buying their first home, or settling into a forever home, we want Bed Bath & Beyond to be associated with making those journeys more achievable, more affordable, and less overwhelming," Lemonis said. Marcus Lemonis will continue to serve as executive chairman. (Noam Galai/Getty Images) The company owns Bed Bath & Beyond, Overstock, buybuy Baby and Kirkland's Home, as well as other related brands and websites and a blockchain asset portfolio inclusive of tZERO, GrainChain and other assets. Lemonis said that its core...
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