Bed Bath & Beyond chalked up the sales decline to tough year-over-year comparisons and pointed to initiatives to drive growth in the coming months.
BuyBuy Baby Brand President Patty Wu told investors on Thursday's call that the banner plans to return to grow in the back half of the year. She spoke about ambitions to become the go-to place for parents during pregnancy and beyond, pointing to several initiatives underway.
She said Buybuy Baby will launch its first private label brand in November, which will include apparel, furniture and decor for infants to toddlers at good value. It will carry popular holiday items, such as matching pajamas for families, and offer related resources on its website, such as tips about travel gear that makes for a smoother flight or road trip over the holidays.
Plus, she said, it will relaunch its baby registry in time for early next year and expand the number of store events. "We're going to turn our stores into parenting hubs by bringing product and education together," she said.
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