Bed Bath & Beyond's founders admit their biggest mistake: 'We missed the boat on the internet'

Quick Summary:

The founders of embattled Bed Bath & Beyond, Warren Eisenberg and Leonard Feinstein, told the Wall Street Journal they didn't adapt to e-commerce.

It's a social thing to do,'" Eisenberg told the Journal.

But they haven't had a role at the company since 2019, when they were forced out by a trio of activist investors: Legion Partners, Macellum Capital, and Ancora Advisors.

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: United States

Topics: Bankruptcy Shopping Retail ECommerce

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-27 @ 21:05:34 (1 months ago)

News Timezone: GMT -5:00

News Source URL: businessinsider.com

Language: English

Article Length: 324 words

Reading Time: 2 minutes read

Sentences: 39 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 4867302

View Article Analysis

About Business Insider

Main Topics: EconomyBusiness

Official Website: businessinsider.com

Update Frequency: 61 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #64

Publisher Details

Frequently Asked Questions