Bed Bath & Beyond's stores are overwhelmingly full. Shoshy Ciment/Business Insider
- Bed Bath & Beyond has been struggling. The retailer reported a 6.6% drop in same-store sales for the first quarter and subsequently laid out a plan to review its assets.
- The company announced Tuesday it would eliminate the role of chief operating officer and cut 7% of its corporate staff.
- We visited a Bed Bath & Beyond store in New York City to assess the situation for ourselves. With its disorderly and overstocked shelves, the store showed why the company is in desperate need of a turnaround.
- Visit Business Insider's homepage for more stories
Bed Bath & Beyond continues to struggle.
The home essentials company has been in trouble for some time now - its longtime CEO, Steven Temares, stepped down in May amid pressure from activist investors, and its stores have been criticized for being messy in the past.
On Tuesday Bed Bath & Beyond announced that it would reduce its corporate staff by 7% and eliminate the role of chief operating officer.
We visited a Bed Bath & Beyond store in New York City to see the source of the the trouble. The overstocked and messy store made it clear why the company is making big changes.
Here's what else we saw: