The baby gear banner has been a focal point in a dispute with activist investor, Ryan Cohen.
The baby gear retailer has been one of Bed Bath's bright spots, particularly as customer traffic and sales have dropped at its namesake banner. In the holiday quarter, for example, same-store sales for Bed Bath & Beyond stores declined 15% — but Buybuy Baby's same-store sales grew by low single digits.
That trend didn't hold up in the most recent three-month period, however. Buybuy Baby's same-store sales fell by the mid single-digits. Harriet Edelman, who leads the board of directors as its independent chair, said Wednesday a committee of board members are working closely with strategic and financial advisors as it considers Buybuy Baby's future.
On the call with analysts, she described Buybuy Baby as"a highly relevant banner with a strong market position and favorable demographics." Bed Bath & Beyond over the past two years has sold off other pieces of its business, including Christmas Tree Shops, Cost Plus World Market, PersonalizationMall.com and One Kings Lane.
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