UNION, N.J., Sept. 23, 2020 /PRNewswire/ -- Bed Bath
& Beyond Inc. (Nasdaq: BBBY) has appointed
Scott Lindblom as Chief Technology
Officer of Bed Bath & Beyond, effective September 28,
2020. Mr. Lindblom will report directly to John Hartmann,
Chief Operating Officer and President of buybuy BABY, and will lead
the Company's enterprise technology transformation.
Mr. Lindblom will be responsible for overseeing the vision and
execution of Bed Bath & Beyond's enterprise technology roadmap
to support the Company's digital-first, omni-always customer
experience. Mr. Lindblom will work with Mr. Hartmann, leveraging
data, analytics, and agile technology development to create
efficiencies, enhance performance, and drive innovation across the
organization to build operational excellence, create an engaging,
differentiated experience for customers and maximize
profitability.
COO John Hartmann said, "We are
leading an operational and technological transformation to build a
more efficient organization and best-in-class omni-always
experience for our loyal customers. Scott's track record
implementing leading IT solutions and digital fulfillment
capabilities for a number of leading retailers will help us
accelerate the modernization of our technology infrastructure and
capabilities, to rebuild our authority in our core markets and
deepen connections and loyalty with our customers."
Prior to joining Bed Bath & Beyond, Mr. Lindblom was
Executive Vice President and Chief Information Officer at
Michael's, where he transformed the IT function of the business
into a high performing value creation department that enhanced and
streamlined the shopping experience for customers, while creating
significant revenue impact. Previously, he was Group Vice President
of IT at ROSS Stores, leading a national team to implement a
micro-merchandising planning solution that helped to increase
operating income and improve the customer experience. He also held
senior roles within supply chain management and IT at Best Buy.
"I am excited to join Bed Bath & Beyond to support the
technology-led transformation of this iconic brand. As the retail
industry continues to evolve, it is more important than ever to
create a seamless, digitally integrated offer for customers. I look
forward to partnering with leadership to build operational rigor,
deliver integrated solutions, and invest in new capabilities that
will drive results and make it easier for our customers to feel at
home," said Mr. Lindblom.
About Bed Bath & Beyond Inc.
Bed Bath
& Beyond Inc. and subsidiaries (the "Company") is an
omnichannel retailer that makes it easy for our customers to feel
at home. The Company sells a wide assortment of domestic
merchandise and home furnishings. The Company also provides a
variety of textile products, amenities and other goods to
institutional customers in the hospitality, cruise line, healthcare
and other industries. Additionally, the Company is a partner in a
joint venture which operates retail stores
in Mexico under the name Bed Bath & Beyond.
Forward-Looking Statements
This press release
contains forward-looking statements, including, but not limited to,
the Company's progress and anticipated progress towards its
long-term objectives. Many of these forward-looking statements
can be identified by use of words such as may, will, expect,
anticipate, approximate, estimate, assume, continue, model,
project, plan, goal, and similar words and phrases, although the
absence of those words does not necessarily mean that statements
are not forward-looking. The Company's actual results and future
financial condition may differ materially from those expressed in
any such forward-looking statements as a result of many
factors. Such factors include, without limitation: general
economic conditions including the housing market, a challenging
overall macroeconomic environment and related changes in the
retailing environment; risks associated with the novel coronavirus
(COVID-19) and the governmental responses to it, including its
impacts across the Company's businesses on demand and operations,
as well as on the operations of the Company's suppliers and other
business partners, and the effectiveness of the Company's actions
taken in response to these risks; consumer preferences, spending
habits and adoption of new technologies; demographics and other
macroeconomic factors that may impact the level of spending for the
types of merchandise sold by the Company; civil disturbances and
terrorist acts; unusual weather patterns and natural disasters;
competition from existing and potential competitors across all
channels; pricing pressures; liquidity; the ability to achieve
anticipated cost savings, and to not exceed anticipated costs,
associated with organizational changes and investments, including
the Company's strategic restructuring program; the ability to
attract and retain qualified employees in all areas of the
organization; the cost of labor, merchandise and other costs and
expenses; potential supply chain disruption due to trade
restrictions, and other factors such as natural disasters, such as
pandemics, including the COVID-19 pandemic, political instability,
labor disturbances, product recalls, financial or operational
instability of suppliers or carriers, and other items; the ability
to find suitable locations at acceptable occupancy costs and other
terms to support the Company's plans for new stores; the ability to
establish and profitably maintain the appropriate mix of digital
and physical presence in the markets it serves; the ability to
assess and implement technologies in support of the Company's
development of its omnichannel capabilities; the ability to
effectively and timely adjust the Company's plans in the face of
the rapidly changing retail and economic environment, including in
response to the COVID-19 pandemic; uncertainty in financial
markets; volatility in the price of the Company's common stock and
its effect, and the effect of other factors, including the COVID-19
pandemic, on the Company's capital allocation strategy; risks
associated with the ability to achieve a successful outcome for its
business concepts and to otherwise achieve its business strategies;
the impact of intangible asset and other impairments; disruptions
to the Company's information technology systems including but not
limited to security breaches of systems protecting consumer and
employee information or other types of cybercrimes or cybersecurity
attacks; reputational risk arising from challenges to the Company's
or a third party product or service supplier's compliance with
various laws, regulations or standards, including those related to
labor, health, safety, privacy or the environment; reputational
risk arising from third-party merchandise or service vendor
performance in direct home delivery or assembly of product for
customers; changes to statutory, regulatory and legal requirements,
including without limitation proposed changes affecting
international trade; changes to, or new, tax laws or interpretation
of existing tax laws; new, or developments in existing, litigation,
claims or assessments; changes to, or new, accounting standards;
and foreign currency exchange rate fluctuations. Except as
required by law, the Company does not undertake any obligation to
update its forward-looking statements.
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SOURCE Bed Bath & Beyond Inc.