Bed Bath & Beyond Inc., short on cash and time, is trying to have its Best Buy moment.
Best Buy is “the one poster child for a retail turnaround,” said Cristina Fernandez, a Telsey Advisory Group analyst. Among big-box stores that operate with tight profit margins, Best Buy was able to win back customers, strengthen frayed relationships with vendors and improve e-commerce, Fernandez said. “Today, they are considered a strong and high-quality retailer.”
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