Bed Bath & Beyond Inc. lost about one-quarter of its market value Thursday after reporting a sharp drop in quarterly sales because of supply-chain challenges, inflation and people avoiding stores due to Covid 19-related concerns.

The home-goods retailer’s woes come as businesses are rushing to restock pandemic-depleted inventories, and the U.S. supply chain has so far failed to adapt to a crush of imports amid mounting shipping delays and cargo backlogs. The company is also addressing internal execution issues, including how to best allocate its marketing resources to attract more shoppers, Chief Executive Mark Tritton said.

 

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