Bed Bath & Beyond names Mark Tritton as President and CEO, stock soars

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Bed Bath & Beyond became a massive home goods retailer with a decentralized structure and a focus on keeping customers happy. But critics say the once ubiquitous chain ignored the threat from newer, nimbler online rivals.

Mark Kauzlarich | Bloomberg | Getty Imagesspiked more than 18% on Wednesday after the company announced Mark Tritton would become its new president and CEO effective November 4.

 

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