United States  

Trusted News Discovery Since 2008
One News Page
> >

Jim Cramer Says Target Is Leaving Bed Bath Beyond Saving

Video Credit: The Street - Duration: 00:58s - Published < > Embed
Jim Cramer Says Target Is Leaving Bed Bath Beyond Saving

Jim Cramer Says Target Is Leaving Bed Bath Beyond Saving

Real Money Stock of the Day Bed, Bath & Beyond reported earnings after the bell on July 10.

Bed, Bath & Beyond reported adjusted earnings of 12 cents per share on revenue of $2.6 billion.

Meanwhile, same-store sales tumbled 6.6%.

In his daily column on Real Money, Jim Cramer noted that the clock is ticking for the struggling retailer, despite notable effort from interim CEO Mary Winston.

Bed Bath's biggest threat going forward?

Surprise, this time around it isn't Amazon .

Cramer said Target has been eating into Bed Bath's sales with a better selection, cheaper products and most importantly, more resources.

Jim Cramer breaks down what has Bed, Bath & Beyond hurting: "Bed Bath does not have that kind of pricing power.

Bed Bath does not have a CEO.

They have an interim CEO, not unlike Wells Fargo.

They don't have what I regard as being attractive stores that are worth going into.

They don't have the right pricing," he explained.

Related.

Jim Cramer: Bed Bath Is Almost Beyond a Fix

0
shares
ShareTweetSavePostSend
 

You Might Like


Tweets about this


Recent related videos from verified sources

Facebook Is in a League of Its Own, Jim Cramer Says [Video]Facebook Is in a League of Its Own, Jim Cramer Says

Facebook has had its share of issues but the stock remains strong because users still love the product.

Credit: The Street     Duration: 01:19Published

Apple Remains a Stock to Own in 2020, Jim Cramer Says [Video]Apple Remains a Stock to Own in 2020, Jim Cramer Says

Apple is starting to realize the gains for its investment in services, Jim Cramer says.

Credit: The Street     Duration: 03:12Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.