Bed Bath and Beyond dying a slow death

[oceangaia]

It amazes me how small single retail shops can be profitable but large chains, with all their bulk purchasing power and economies of scale, lose millions and end up in bankruptcy. I think part of it is small business owners are making spending decisions with their own money and corporate management is spending someone else's money. And small businesses owners recognize when they are "big enough" and "making enough" while corporate chains are fixated on growth at all cost.

[DanielAvery]

Moreover, the executives in large chains negotiate great severance packages as part of their contracts going in. If they do their jobs well, then they get their salary plus large bonuses and stock options, etc. If they do their jobs terribly, they (personally) still do well after getting fired--they'll get a big lump settlement or perhaps just keep getting the remainder of their contract even after dismissal. So they're not as scared of making huge mistakes with the company because they will get paid even if they run the business into the ground. Heck, in many cases the failed exec will just get themselves a similar job at another company to start the cycle all over again.

[cat1116]

Just read some of y emails and if you have a aBig Lots store near you, they’re accepting Bed, Bath & Beyond coupons. There’s only one that I don’t mind going in and sad to say, not my local one.

[oceangaia]

Originally Posted by cat1116

Just read some of y emails and if you have a aBig Lots store near you, they’re accepting Bed, Bath & Beyond coupons. There’s only one that I don’t mind going in and sad to say, not my local one.

I guess Big Lots wants to be next in the bankruptcy line.