Bad, Broke And Beyond
The well-known, “embattled” upscale retailer Bad, Bath & Beyond has just announced a brutal restructuring. Only seven years ago, this company was trading at or around its all-time high, not far away from $80 a share.
Even after the recent announcement, they kept falling, and are now trading above $8, tumbling more than 5% today alone as I write this. I think there is a zero missing here. Or not. Ouch.
The company was, obviously, hit hard by the “pandemic” as all the retail sector was. However, it was trading at around $35 in the first days of January 2021, a short time before announcing that they would not sell Mike Lindell’s pillows anymore, because “woke”.
This show of virtue has not done them a lot of good. There might, sure, be other issues; but my point is that wokeness in itself is a sign of incompetence, and this incompetence can then translate, in thousand other little ways, into decline.
If I were running a chain of retailers, I would be aware that I am operating in a very hostile environment, and having to face the headwind of the internet distribution with its lower stocking and running costs and its, likely, superior logistics and distribution. Therefore, the last thing I would do would be to antagonise half my clients with political statements, indicating that my clients will only be able to buy the products I consider ideologically sound instead of the products they, actually, want.
The woke management at Bad, Bath & Beyond could, obviously, not think that far. Plus, they insulted their own clients by pretending that the ousting of Lindell was not politically motivated. This is, simply, considering your clients doubly stupid. I think many of their clients noticed it, and drew the consequences.
Now, I do not say that, if you stop selling Lindell’s pillows, you will automatically go bust, or thereabout. There are woke companies who continue to do fine (Target is one example). What I am saying is that it is a dangerous game, which denotes an ideological blindness likely to infect many other aspects of the running of the company. A woke company does not care for its clients. It is also a company that put ideology before sound decision-making. It is not a surprise when such companies flounder.
BBBY as an independent, stock exchange traded entity might, in the next years, do much worse than floundering. It might, actually, die.
Who knows: that day, they might remember Mike Lindell’s My Pillow.
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Posted on September 2, 2022, in Catholicism, Conservative Catholicism, Traditional Catholicism. Bookmark the permalink. 5 Comments.
Mundabor's Blog 
We have nations doing the same thing: Europe jacking up everyone’s energy bills beyond affordability so that its feckless rulership can virtue-signal for Ukraine. It doesn’t hurt Russia; it doesn’t help the Ukrainians; and it devastates the peoples that the rulership has a duty before God to govern well. But at least they earn brownie points for supporting The Current Thing!!!
I shop there. Now I will not, refusing to contribute to fanaticism.
I stopped buying at BBB about eight years ago when I noticed a wedding card with two men dressed in tuxedos on the front of it. That told me where the owners’ perversities, er, preferences lie.
10-1 says a sexual pervert is on the operations board. Dr. E. Michael Jones points out that we can expect both less than stupidity from perverts. If they can’t figure out something so basic as what sex they are or how to use their plumbing, they can’t run a company, much less a state or country.
I was in a Bed, Bath & Beyond store the other week. They redid the entire place. Fewer items. The ones they have are in bizarre locations. The place is like a cemetery with a few visitors wandering around. You have to self-check-out with scanning machines unless you pay cash. There is exactly one employee who does the following: runs the information counter, hands out pre-ordered items to the Door Dash people, rings up cash-only customers, and assists customers at the scanning machines who run into problems which is everyone because the scanners don’t want to recognize people’s credit cards. One guy (who told me he’s looking for another job). It’s insane.