Stock market tumbles after August Consumer Price Index report

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Reuters

Bed Bath & Beyond interim CEO to stay in post for at least a year – source

Bed Bath & Beyond Inc’s interim CEO Sue Gove will likely lead the financially struggling retailer for at least 12 months, a source familiar with the matter said, as the chain looks to bolster its business after seeing sales plummet. Bed Bath & Beyond appointed Gove, who is on its board of directors and is a retail consultant, as its interim CEO in June. Her appointment came after the firing of CEO Mark Tritton, following a sales slump and an unsuccessful move into private-label products.

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