Bed Bath & Beyond spikes 32% after reporting 85% surge in online sales
on Friday after the market close that it experienced an 85% surge in online sales for the month of April to date.
As Bed Bath & Beyond stores closed due to the coronavirus pandemic, the company turned 25% of its stores across the US and Canada into regional fulfillment centers, almost doubling its digital fulfillment capacity. The company has also introduced curbside pick-up, contactless delivery, and curbside delivery services at a number of locations across the US and Canada. 'I've gone to cash': Mark Cuban outlines his coronavirus investing strategy ahead of another 'leg down' in markets — and says now is the time to buy real estate
In a statement, the company said it was able to bring back several hundred associates from furlough"to support the enhanced regional fulfillment network and accelerate the introduction of new services for customers." In addition, hundreds more new positions have been created in the Company's ecommerce distribution centers to meet the increased demand across digital channels," it added.
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