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Bed Bath & Beyond Had a Dismal Fourth Quarter

Bed Bath & Beyond
Photo Credit: Mike Mozart via Flickr cc

Bed Bath & Beyond’s new CEO Mark Tritton is asking for patience from investors. Holiday sales fell 5.4%, while margins narrowed, sending shares to a four-month low. Though Tritton still expressed confidence in the company’s turnaround plan, he stressed that the strategy will take time.

“We are experiencing short-term pain in our efforts to stabilize the business, including the pressures of store traffic trends coupled with our own executional challenges,” Tritton said.

Read the full story at TheStreet.