TGT - Bed Bath & Beyond Closes Out Sale of PersonalizationMall.com
After a contentious battle to sell PersonalizationMall.com (PMall) to 1-800-Flowers.com (NASDAQ: FLWS), Bed Bath & Beyond (NASDAQ: BBBY) finally sealed the deal on Monday. The struggling housewares chain will benefit from the cash influx as it begins to see higher sales after coronavirus-related store closures.
Bed Bath & Beyond has undergone a massive management overhaul since activist investors overthrew the CEO in late 2019 and brought in Mark Tritton from Target to take over. Tritton hired a slew of new executives and detailed a plan to tighten up operations and expand its digital options.
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