Ethan Chernofsky Ethan Chernofsky

Bed, Bath & Beyond is making a few interesting changes. The retail giant has named a new CEO, Mark Tritton formerly of Target to take the helm of the company in November, and has appeared to be quietly shopping for a buyer for either the whole brand or its sub-brands. While we have come to know the story of retail brand closures and corporate sales all too well, data experts at Placer.ai say that the brand's recent moves may not mean doom and gloom.

Placer.ai looked into the brand and its sub-brand's sales and traffic to understand the whole company and its assets. "When you look at Bed, Bath & Beyond traffic, there are year-over-year declines, most notably from the holiday season in 2017 was much stronger than in 2018, and the spring season was much stronger in 2019 than they were in 2018," Ethan Chernofsky, VP of marketing at Placer.ai, tells GlobeSt.com.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.