Bed, Bath & Beyond has now started to focused on its core assets and are looking to steamline its overall portfolio, as the company moves to turnaround its struggling business. The retailer has announced that its capital expenditures for fiscal 2020 of approximately $350-400 million, primarily for investments in stores and are also planning to spend about $600 million this fiscal year on debt reduction, share repurchases and dividends.
‘The financial strength of our business allows us to take the important steps needed to return capital to our shareholders and reduce our debt, while at the same time also investing in our customer, this balanced approach to the use of our capital is expected to enhance shareholder value, improve the in-store and online experience and position our company to achieve our long-term objectives to deliver sustainable growth.’ – Mark Tritton
