TGT - 5 Tough Tasks for Bed Bath & Beyond's New CEO
Bed Bath & Beyond's (NASDAQ: BBBY) stock recently surged after the retailer hired Target's (NYSE: TGT) chief merchandising officer Mark Tritton as its new president and CEO. Tritton will succeed Mary Winston, who held the interim CEO position after Steven Tamares' resignation in May, on Nov. 4.
It's easy to see why Bed Bath & Beyond's investors are excited. Over the past three years, Tritton led Target's transformation into an omni-channel leader by expanding its e-commerce ecosystem and keeping pace with Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) with same-day deliveries and in-store pickups.
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