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Stock impact report

Bed Bath & Beyond shakes up leadership—again [Yahoo! Finance]

Beyond, Inc. (BYON) 
Company Research Source: Yahoo! Finance
A year after what used to be called Overstock.com bought the chain's brand name and assets —and just seven months after Beyond Inc.'s board kicked out CEO Jonathan Johnson, bringing in TV retail guru Marcus Lemonis—the company has once again undergone a corporate restructuring. This comes only months following the last shakeup , and seemingly reverses course on exactly who will be leading the company's turnaround. Earlier this week, Lemonis announced that Beyond Inc. is parting ways with Chandra Holt, the former Walmart exec who only four months ago was brought in to run the BBB division. Dave Nielsen, one of the few holdovers from the former Overstock management, has been named company president, overseeing all its brands, including the recently acquired Zulily. Yet evidently Lemonis, the executive chairman, is still running the show—the question is whether he's running it into the ground. In the reorganization, Lemonis will take on yet more responsibilities. “ As a company, we Show less Read more
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