Analysts accuse Mattress Tub & Past of reducing again on air-con in some shops
July 1, 2022 | by Noah Franklin
(CNN) – Some customers may need to take a shower after visiting Bed Bath & Beyond.
According to a report from Bank of America, the retailer has turned off its in-store air conditioning as a way to save money.
An official with Bed Bath & Beyond denies the allegation, saying any possible changes to store temperatures have not come from corporate.
Regardless of which side is right, there is no denying that the company is sweating.
A report on its last quarter showed sales dropped 22%, and analysts said the company’s recent sales promotions haven’t clicked with consumers.
Bank of America analysts also said they expect the retailer will be announcing additional store closures and halted openings in the near future.
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