(Bloomberg) — Bed Bath & Beyond Inc. fell sharply after reporting that a key measure of sales contracted in December and January, the latest sign the home-furnishings retailer faces a tough road back to growth.“We are experiencing short-term pain in our efforts to stabilize the business, including the pressures of store traffic trends,” Chief Executive Officer Mark Tritton said in a statement.Comparable-store sales, an important gauge of retail success, fell 5.4% in the most recent months, the company said. It attributed this to lower store traffic and “inventory management issues.”The stock plunged as much as 17% to $12.30 in late …read more
Source:: Yahoo Finance
