Bed Bath and Beyond Shares Fall by 26% after Releasing Earnings Report

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Shares of Bed Bath & Beyond tumbled after the retailer reported disappointing earnings Tuesday evening. Facing stiff competition from other retailers like Target, falling foot traffic, and glaring inventory management issues, Wall Street believes a true turnaround is going to take more time than what was originally anticipated. The store reported a 20% increase in online sales; however, in-store sales fell by 11%. The stock was on pace for its worst day ever. The company who has a market cap of about $1.4 billion had shares down by more than 25% by market close on the 13th of February.

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