UNION, N.J., Oct. 22, 2020 /PRNewswire/ -- Bed Bath
& Beyond Inc. (Nasdaq: BBBY) has appointed
Mary-Farrell Tarbox and Ann-Marie Clendenin as Regional Vice Presidents
(RVP) for the Central and East regions respectively, effective
October 26, 2020. Both Ms.
Tarbox and Ms. Clendenin will report directly to Executive Vice
President and Chief Stores Officer, Gregg
Melnick, to round out Bed Bath & Beyond's store
leadership team. Ms. Tarbox will be responsible for over 350
of Bed Bath & Beyond's retail stores across 22 states, while
Ms. Clendenin will oversee another approximately 200 stores across
12 states.
Mses. Tarbox and Clendenin will be integral to the
implementation of the Company's store optimization plans, helping
accelerate the omni-always transformation underway as the Company
rapidly evolves the shopping experience for customers across
channels. They will work with Mr. Melnick and his team to
execute a cultural shift in the way Bed Bath & Beyond manages
store operations and teams, to encourage greater centralization,
agility and a more customer-inspired response as the Company makes
significant investments in stores in the coming years.
Gregg Melnick said, "We're
rapidly changing the way we serve our digital-first customers,
using our stores as a strategic asset to deliver an omni-always
experience. Mary-Farrell has an extraordinary track record
driving transformation at industry-leading retailers, and her deep
expertise in human resources and store operations will allow us to
increase the pace of change in our business. At the same
time, Ann-Marie brings a wealth of global omnichannel retail
experience that will allow us to accelerate the implementation of
new technologies and processes to serve our customers even better
in future. As we continue to see a strong response from
customers to our new, easy and convenient services like BOPIS,
Curbside Pickup and Same Day Delivery, we look forward to making it
even easier to feel at home with Bed Bath & Beyond."
Prior to joining Bed Bath & Beyond, Ms. Tarbox held multiple
roles at Crate & Barrel Holdings, including as Vice President
for Stores. Most recently, Ms. Tarbox was Senior Vice
President for Human Resources, where she was responsible for
transforming HR to support and drive results by attracting,
developing and retaining best-in-class talent. Prior to Crate
& Barrel, she held senior store operations roles at PetSmart,
Inc. and Target Corporation.
Ms. Tarbox said, "I am delighted to join Bed Bath & Beyond
at such a pivotal time of growth and transformation. As the
Company continues to take meaningful steps to improve the way it
serves customers, I am excited to help lead a cultural change in
store operations to make the omnichannel experience even better in
the future."
Ms. Clendenin joins Bed Bath & Beyond after serving as US
Retail President for Aritzia, prior to which she spent more than 8
years at the Kate Spade organization as Vice President for Global
Omnichannel Operations. Before this, she held senior roles at
Aeropostale, including as Director of Field Operations. Ms.
Clendenin also worked at Bed Bath & Beyond as General Manager
from 2002 to 2003.
Ms. Clendenin said, "It's such an exciting time to rejoin Bed
Bath & Beyond, and I am thrilled to come back to the business
at a time when the Home category is playing such an important role
in the lives of customers across North America. I look
forward to helping accelerate the technology-led transformation of
store operations to drive growth and relevance with a new
generation of 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