UNION, N.J., Oct. 26, 2020 /PRNewswire/ -- Bed Bath &
Beyond Inc. (Nasdaq: BBBY) has named Elizabeth Meltzer as Senior Vice President
(SVP), General Merchandising Manager for its Bed, Bath and Home
Décor categories, effective November 2,
2020. Ms. Meltzer will join the Company's merchandising
leadership team, reporting to Joe
Hartsig, Executive Vice President & Chief Merchandising
Officer, and President of Harmon Health and Beauty Stores.
Ms. Meltzer will play a key role in the delivery of Bed Bath
& Beyond's Product pillar growth strategy, overseeing the
development of a customer-inspired assortment that will include an
array of owned brands from 2021 to build authority and relevance in
the Home market. She will also help accelerate the Company's
strategic sourcing program, which is expected to continue to drive
margin improvements and greater value for
customers.
Joe Hartsig said, "We're
developing a customer-centric assortment that builds on our
authority in the Home market through greater differentiation,
inspiration and value. Elizabeth's experience developing brands and
effective omnichannel product strategies for some of the world's
leading fashion retailers brings new expertise to our team that
will accelerate our transformation and make it easier for our
customers to feel at home with Bed Bath & Beyond."
Ms. Meltzer has over 25 years of experience in retail
merchandising, most recently as SVP of Merchandising at The Gap
where she built a global assortment across all divisions.
Additionally, Ms. Meltzer has led merchandising strategies at a
multitude of other well-known retail and consumer brands, including
Loft, Uniqlo, Madewell and Calvin
Klein.
Ms. Meltzer said, "Our homes are now the center of our lives,
and I'm excited to join this iconic brand at such an important
moment. I'm passionate about building brands that drive loyalty and
growth, and I look forward to joining this world class team to
develop an inspiring home assortment, that builds connection and
relevance with customers."
About Bed Bath & Beyond Inc.
Bed Bath & Beyond Inc. and subsidiaries (the "Company") is
an omnichannel retailer that makes it easy for our customers to
feel at home. The Company sells a wide assortment of merchandise in
the Home, Baby, Beauty and Wellness markets. Additionally, the
Company is a partner in a joint venture which operates retail
stores in Mexico under the name
Bed Bath & Beyond.
Forward-Looking Statements
This press release contains forward-looking statements,
including, but not limited to, the Company's progress and
anticipated progress towards its long-term objectives. Many of
these forward-looking statements can be identified by use of words
such as may, will, expect, anticipate, approximate, estimate,
assume, continue, model, project, plan, goal, and similar words and
phrases, although the absence of those words does not necessarily
mean that statements are not forward-looking. The Company's actual
results and future financial condition may differ materially from
those expressed in any such forward-looking statements as a result
of many factors. Such factors include, without limitation:
general economic conditions including the housing market, a
challenging overall macroeconomic environment and related changes
in the retailing environment; risks associated with the novel
coronavirus (COVID-19) and the governmental responses to it,
including its impacts across the Company's businesses on demand and
operations, as well as on the operations of the Company's suppliers
and other business partners, and the effectiveness of the Company's
actions taken in response to these risks; consumer preferences,
spending habits and adoption of new technologies; demographics and
other macroeconomic factors that may impact the level of spending
for the types of merchandise sold by the Company; civil
disturbances and terrorist acts; unusual weather patterns and
natural disasters; competition from existing and potential
competitors across all channels; pricing pressures; liquidity; the
ability to achieve anticipated cost savings, and to not exceed
anticipated costs, associated with organizational changes and
investments, including the Company's strategic restructuring
program; the ability to attract and retain qualified employees in
all areas of the organization; the cost of labor, merchandise and
other costs and expenses; potential supply chain disruption due to
trade restrictions, and other factors such as natural disasters,
such as pandemics, including the COVID-19 pandemic, political
instability, labor disturbances, product recalls, financial or
operational instability of suppliers or carriers, and other items;
the ability to find suitable locations at acceptable occupancy
costs and other terms to support the Company's plans for new
stores; the ability to establish and profitably maintain the
appropriate mix of digital and physical presence in the markets it
serves; the ability to assess and implement technologies in support
of the Company's development of its omnichannel capabilities; the
ability to effectively and timely adjust the Company's plans in the
face of the rapidly changing retail and economic environment,
including in response to the COVID-19 pandemic; uncertainty in
financial markets; volatility in the price of the Company's common
stock and its effect, and the effect of other factors, including
the COVID-19 pandemic, on the Company's capital allocation
strategy; risks associated with the ability to achieve a successful
outcome for its business concepts and to otherwise achieve its
business strategies; the impact of intangible asset and other
impairments; disruptions to the Company's information technology
systems including but not limited to security breaches of systems
protecting consumer and employee information or other types of
cybercrimes or cybersecurity attacks; reputational risk arising
from challenges to the Company's or a third party product or
service supplier's compliance with various laws, regulations or
standards, including those related to labor, health, safety,
privacy or the environment; reputational risk arising from
third-party merchandise or service vendor performance in direct
home delivery or assembly of product for customers; changes to
statutory, regulatory and legal requirements, including without
limitation proposed changes affecting international trade; changes
to, or new, tax laws or interpretation of existing tax laws; new,
or developments in existing, litigation, claims or assessments;
changes to, or new, accounting standards; and foreign currency
exchange rate fluctuations. Except as required by law, the
Company does not undertake any obligation to update its
forward-looking statements.
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SOURCE Bed Bath & Beyond Inc.