Warren Eisenberg and Len Feinstein are stepping down from their positions as co-chairmen and directors at Bed Bath & Beyond, the retailer they founded more than 40 years ago
Share to twitterLen Feinstein, left, and Warren Eisenberg are leaving Bed Bath & Beyond, but what they built endures. They may not have the name recognition with the general buying public of a Jeff Bezos or Sam Walton, but Warren Eisenberg and Len Feinstein will go down as two of the most brilliant, innovative and successful retailers in the history of the industry.
The activist group, which called for the entire board and members of management to be sacked, was asked by the company to participate in this process but declined, Bed Bath said in its release. It was several years later when the two decided to go for broke and open much larger stores, expanding into the hard goods categories that now make up the majority of the store’s merchandising assortment.
The two founders were involved in the entire business; although generally speaking Eisenberg was more on the finance and operations side while Feinstein handled merchandising, they worked together on all aspects of the company. The past several years have been very different. The company failed to get up to speed fast enough online, becoming a laggard in the fastest-growing part of retailing. A series of what many people say were ill-conceived acquisitions left BBB with a hodgepodge of. And management has been too slow to embrace the radical reformation going on in physical retailing, resulting in an oversized fleet of tired, poorly situated stores in an age of downsizing.
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