27 - a bigger drop than in previous quarters. The company disclosed continuing slowing sales on Wednesday, with same-store sales dropping 26% for the three-month window ended Aug. The cost-cutting measures come as Bed Bath's core business continues to struggle. The New Jersey-based retailer also said it would be cutting 20% of its staff and added that it had secured more than $500 million in new financing, including a loan. In Bed Bath's statement on Sunday, the company noted that Arnal 'was instrumental in guiding the organization throughout the coronavirus pandemic.'īed Bath's stock is down 43% this year - and about 90% from its all-time high.Īrnal died two days after the company announced plans to close 150 stores of its 'lower producing' namesake stores. He also spent 20 years at Procter & Gamble. It recently eliminated some executive positions, including chief operating officer, and is operating under an interim CEO, Sue Gove.Īrnal, 52, fell Friday afternoon from a building in downtown Manhattan, according to police. The iconic skyscraper, known locally as the 'Jenga Tower' or the 'Jenga Building,' has more than 50 floors of uniquely stacked apartments.Įmergency Medical Services declared Arnal deceased on the scene, according to a spokesperson from New York's Office of the Deputy Commissioner, the public information office for the city's police department.Īrnal joined Bed Bath in 2020 from London-based cosmetics company Avon, just after the start of the coronavirus pandemic. Shares of Bed Bath declined Tuesday, as investors weighed the company's leadership crisis following Arnal's death. organization is profoundly saddened by this shocking loss,' the company said in a statement.

Bsnes suicide